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Taiwan's TSMC, the world's largest contract chipmaker, raised its full-year revenue forecast on July 18 given surging demand for chips used in artificial intelligence, and rejected the idea of a joint venture factory in the United States.

TSMC's April-June net profit climbed to T$247.8 billion ($7.60 billion) from T$181.8 billion a year earlier.

The profit beat a T$238.8 billion forecast for the quarter ended June 30, according to an LSEG SmartEstimate drawn from 21 analysts. SmartEstimates give greater weighting to forecasts from analysts who are more consistently accurate.

TSMC, Asia's most valuable publicly listed company, said second-quarter revenue rose 33% year-on-year to $20.8 billion, better than the company's previous forecast of $19.6 billion to $20.4 billion. The company last week announced second quarter revenue in Taiwan dollars, coming in at T$673.51 billion.

TSMC is spending $65 billion on three plants in the U.S. state of Arizona and has other new factories in operation or planning stages in Japan and Germany, which have partner investors.

Asked if TSMC would consider a joint venture in the United States following Trump's comments, Wei said no.

"So far we did not change any of our original plans of expansion of our overseas fabs. We continue to expand in Arizona, in Kumamoto, and maybe in future in Europe. No change in our strategy. We continue in our current practice," he added.

On whether TSMC has enough capacity to support the demand for chips, he said things were "very, very tight".

"We are working very, very hard to get enough capacity to support my customers from now all the way to next year, to 2026."

CFO Wendell Huang said supply for leading edge nodes, including its 3nm and 5nm, would remain very tight next year.

Editor：Vicky

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