Foreign Language] Good afternoon, everyone, and welcome to TSMC's Second Quarter 2025 Earnings Conference Call. This is Jeff Su, TSMC's Director of Investor Relations and your host for today. Today's event is being webcast live through TSMC's website at where you can also download the earnings release materials.

Taiwan Semiconductor Manufacturing Company Limited stock is currently still experiencing bullish momentum. Click here to find out why TSM stock is a Hold.

This powerful performance was driven by the surging global demand for advanced semiconductors used in a wide array of artificial intelligence (AI) applications.

HSINCHU, Taiwan (AP) — HSINCHU, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co. (TSM) on Thursday reported second-quarter net income of $12.83 billion. The Hsinchu, Taiwan-based company said it had net income of $2.47 per share.

TSMC also raised its full-year revenue growth forecast to around 30% in U.S. dollar terms, up from the mid-20% range, and issued upbeat Q3 guidance projecting revenue of $31.8 – $33 billion.

Taiwan Semi's margins inched down in Q2 and are expected to sink further in Q3. But there's reason to remain bullish on TSMC stock.

Taiwan Semiconductor Manufacturing Company Limited ( NYSE: TSM) Q2 2025 Earnings Conference Call July 17, 2025 2:00 AM ET C. C. Wei - Chairman & CEO Jeff Su - Director of Investor Relations Jen-Chau Huang - Senior VP of Finance & CFO