Taiwan Semiconductor Manufacturing Co. (TSMC) reported a 67.9% year-on-year increase in June revenue, posting June revenue of NT$442.68 billion, up 6.2% from May. For the first six months of 2026, total revenue reached NT$2.4 trillion, marking a 35.6% increase from the same period last year. TSMC shares rose about 1% following the update. According to analysts cited in the report, the results exceeded the company's high-end revenue guidance, driven by strong demand for advanced AI chips. The report said TSMC's advanced N3 manufacturing process remains fully booked as major technology companies, including Nvidia, Apple and AMD, continue to expand AI-related production. Reuters reported that TSMC also plans to add two advanced chip packaging facilities in southern Taiwan. The world's largest contract chipmaker is scheduled to release its second-quarter earnings later this week.