TSMC’s half-year revenue surges 40%

Taiwan Semiconductor Manufacturing Company is the world’s largest contract maker of chips, which have become the lifeblood of the global economy, powering everything from smartphones to missiles.

TSMC’s half-year revenue increased 40 percent to NT$1.77 trillion (US$60.8 billion) from a year earlier, the company, whose clients include tech giants Nvidia and Apple, said in a statement.

Chairman and chief executive CC Wei told a…