TSMC's Q2 2025 earnings call highlights:
1. Q2 revenue increased 17.8% sequentially to $30.1 billion, exceeding guidance.
2. Full year 2025 revenue now expected to grow around 30% year-over-year in USD terms.
3. Strong AI and HPC-related demand continues, with no changes observed in customer behavior.
4. N2 (2nm) technology on track for production in H2 2025, with volume ramp similar to N3.
5. Plans to invest $165 billion in U.S. semiconductor manufacturing, including six fabs in Arizona.
6. Overseas fab expansion progressing in Japan and Europe, with continued investment in Taiwan.
7. Gross margin impacted by unfavorable exchange rates and overseas fab dilution, but long-term 53%+ target maintained.
8. Capital expenditure for 2025 maintained at $38-42 billion despite strong demand.
Disclaimer: This earnings call summary is generated by AI and is for informational purposes only. Due to technical limitations, inaccuracies may exist. It does not constitute investment advice or commitments.