tsmc weathers currency headwinds, maintains strong growth

2025-07-10 tsmc

Taipei, Thursday, 10 July 2025.
tsmc’s june revenue dipped 17.7% month-over-month due to a stronger taiwan dollar. q2 revenue still beat expectations, exceeding nt$933.8 billion, a 30% year-over-year surge. while currency fluctuations caused a stir, tsmc’s overall growth trajectory remains robust. the company’s first half revenue jumped 40% compared to last year, signaling continued dominance in the semiconductor industry. analysts expect a strong q3, fueled by demand for ai and new apple products.

revenue results

Taiwan Semiconductor Manufacturing Co. (TSMC) reported a consolidated revenue of approximately NT$263.79 billion for June 2025 [2]. This represents a 17.7% decrease compared to may, but a 26.9% increase compared to june 2024 [2]. The company’s cumulative revenue for january through june 2025 reached approximately NT$1.773 trillion, a 40.0% increase compared to the same period in 2024 [2]. Despite the monthly dip, tsmc’s second quarter revenue surpassed NT$933.8 billion, aligning with market expectations and demonstrating a year-over-year growth exceeding 30% [1].

currency impact and market reaction

Analysts attribute the june revenue decline to the appreciation of the New Taiwan dollar [6]. This currency appreciation impacted the value of overseas sales when converted back to NT dollars [6]. Some investors have expressed concerns over the currency headwinds [1]. Others view the monthly decrease as a minor fluctuation in light of tsmc’s substantial year-over-year growth [1]. The strong first-half performance suggests tsmc remains on track to meet its full-year growth targets [6].

future outlook and strategic focus

Looking ahead, tsmc anticipates increased demand driven by apple’s new product cycle and the continued expansion of ai server chip shipments [6]. The company’s upcoming investors conference on july 17th will provide further insights into its third-quarter outlook and capital expenditure plans [6]. Market observers will closely scrutinize management’s perspectives on ai, advanced packaging technologies, and the progress of the 2nm process [6]. These factors are considered critical indicators for the semiconductor industry’s trajectory in the latter half of the year [6].

wider industry context

The broader tech landscape sees tsmc’s continued role in enabling innovation. Google’s upcoming flagship phone will feature chips manufactured by tsmc [1]. Competition in the ai-enabled foldable phone market is intensifying, with samsung and vivo launching new devices [1]. These devices underscore the demand for advanced chips that tsmc produces [1]. With samsung devices at 4.2 mm and vivo at 4.3 mm [1], the race for thinner, more powerful foldable phones highlights the crucial role of tsmc in providing cutting-edge semiconductor solutions.

Bronnen

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