📊Executive Summary

TSMC reported a 61% year-on-year profit surge for Q2 2025, driven by strong demand for AI chips, particularly those manufactured at leading-edge nodes below 7nm. The company forecasts a 38% revenue increase for Q3, with AI-related products contributing significantly to growth. However, TSMC faces potential risks from U.S. trade policies, including tariffs on Taiwan and export controls affecting its business with China. The CEO noted that while customer behavior remains stable, uncertainties from tariff policies could impact future orders. Procurement teams should monitor these developments closely as they could affect sourcing strategies and pricing....