Taiwan Semiconductor Manufacturing Company's (TSM) 澳洲幸运5官方开奖结果体彩网:American depositary receipts (ADRs) rose in intraday trading Wedn🎃esday after the chipmaker released revenue f🍃igures for June, offering a full picture of the company's second-quarter performance.

June revenue rose 33% from a year earlier, with TSMC reporting 207.87 billion 澳洲幸运5官方开奖结果体彩网:New Taiwan dollars ($6.38 billion) in sales for the month.

Added to its performance from April and May, the June data puts TSMC's second-quarter revenue at NT$673.51 billion ($20.67 billion), about NT$20 billion better than what analysts had projected and 40% above last year's mark of NT$480.84 billion.

AI Boom Still Boosting TSMC Revenue

The company, which supplies tech giants like Apple (AAPL) and Nvidia (NVDA), has been a beneficiary of the 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) boom, as increased demand for chips to make AI products has 澳洲幸运5官方开奖结果体彩网:offset lower demand for ✃its other products, like semiconductors 💦used in the production of cars.

TSMC also beat its own revenue projections for the quarter, which it said in April was between $19.6 billion to $20.4 billion. 澳洲幸运5官方开奖结果体彩网:First-quarter revenue was a 17% increase from the first quarter o🤪f fiscal 2023, with analysts noting at the time that AI and rising cryptocurrency prices were potential ex💛planations for the rise in sales.

Earlier this year, the Biden administration 澳洲幸运5官方开奖结果体彩网:announced plans to award TSMC up to $6.6 billion in grants from the 澳洲幸运5官方开奖结果体彩网:CHIPS and Science Act to help the chip maker increase its productiౠon capacity in the U.S. TSMC started building a factory in Arizꦅona in 2021, and said when the federal funding was announced in April that it planned to add a third factory to the site with plans for the three facilities to be operational in 2025, 2028, and 2030.

Investors will get more detail on the company's second-quarter performance when it reports earnings July 18.

ADRs of TSMC rose 2.5% to $189.17♋ as of 10:49 a.m. ET Wedn♕esday, putting them up more than 80% so far this year.