TSMC 2Q25 Financial Results

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(1) TSMC Q2 Profit Surges 60%, Reaches Historic High. Reuters, July 17, 2025.

Note: More accurately 60.7%, year-on-year -- and revenue up 44.4% -- based on Taiwanese, not American dollars. Per the latter, the Q2 revenue was $30.1 billion, and profit $13.53 billion.

(2) Edited Transcript. Q2 2025 Taiwan Semiconductor Manufacturing Co Ltd  Earnings Call (Chinese, English). event date/time: July 17, 2025/6:00 am GMT.
https://investor.tsmc.com/englis ... 25%20Transcript.pdf

six consecutive paragraphs:

"Our first fab in Arizona has already successfully entered high volume production in 4Q 2024, utilizing N4 process technology with a yield comparable to our fabs in Taiwan. The construction of our second fab, which will utilize 3-nanometer process technology, is already complete. We are seeing
strong interest from our leading US customers and are working on speeding up the volume production schedule by several quarters to support their need.

"Construction of our third fab, which will utilize 2-nanometer and the A16 process technologies, has already begun, and we are looking to speeding up the production schedule as well, based on the strong AI-related demand from our customers. Our fourth fab will utilize N2 and the A16 process
technologies. And our fifth and sixth fabs will use even more advanced technologies. The construction and ramp schedules for those fabs will be based on our customers' need.

"Our expansion plans will enable TSMC to scale up to a GIGAFAB cluster in Arizona to support the needs of our leading-edge customers in smartphone, AI, and HPC applications. We also plan to build two new advanced packaging facilities and establish an R&D center to complete the AI supply chain.

"After completion, around 30% of our 2-nanometer and more advanced capacity will be located in Arizona, creating an independent leading-edge semiconductor manufacturing cluster in the US. Thus, TSMC work continue to play a critical and integral role in enabling our customers' success. We will also remain a key partner and enabler of the US semiconductor industry.

"Next, in Japan, thanks to the strong support from the Japan Central, Prefecture, and local governments, our first specialty technology fab in Kumamoto has already started volume production in late 2024 with very good yield.

"The construction of our second specialty fab is scheduled to start later this year, subject to the readiness of the local infrastructure. The ramp schedule will be based on our customers' need and market conditions.

Note:
(a) HPC stands for high-performance computing, which "is the use of supercomputers and computer clusters to solve advanced computation problems." en.wikipedia.org for "high-performance computing."
(b) Nowhere in the world is Arizona's (or Kumamoto's) contribution to TSMC's revenue or profit, in Q2 or earlier.