Chipmaker posts record profit and strong guidance

TSMC, the world’s biggest chipmaker, posted record net profit in the second quarter, helping assuage fears over weak demand from high inflation and a glut of some semiconductors on the market.

These are some of the key numbers for the three months ended June 30:

• Revenue of 534.14 billion Taiwanese dollars ($18.16 billion), a rise 43.5% year-on-year. That beat the 524.02 billion Taiwan dollar average from analyst estimates compiled by Refinitiv.
• Net income of 237.03 billion Taiwanese dollars, up 76.4%…