TAIPEI -- Taiwan Semiconductor Manufacturing Co. on Thursday said its profit surged over 76% to a record level in the April-to-June quarter, but also warned of "excessive inventory" at its clients over the rest of the year and beyond, potentially tainting the outlook for the world's biggest contract chipmaker.
TSMC supplies nearly all major semiconductor producers, from Apple and Qualcomm to Nvidia and Broadcom, and its earnings are often seen as a key barometer for demand in the broader electronics sector.
