TSMC's second-quarter gross profit margin exceeded expectations, mainly driven by orders from mainland China

According to industry sources, TSMC's gross profit margin in the second quarter exceeded expectations, reaching 53.2%, exceeding the target of 51% to 53%. This was mainly due to the increase in orders from mainland Chinese customers, especially super high-speed (SHR) orders. In response to the uncertainty of Sino-US relations, mainland Chinese chip manufacturers have accelerated the pace of placing orders with TSMC.