TSMC raised its full-year 2024 revenue growth guidance above the prior mid-20% ceiling and narrowed capital spending guidance to the high end of its range at $30-32 billion, citing confidence in the longevity of global AI spending. The chipmaker's Q2 earnings beat estimates, and it forecasts Q3 revenue as high as $23.2 billion, above analyst consensus. This signals TSMC's management sees sustained demand from hyperscaler and AI-accelerator customers through at least 2024, and is committing capex accordingly without guiding below prior ranges.
327 other tracked developments touching the same claims.