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Text丨Li Zhuang

Editor: Cheng Cheng

Whether it is TSMC's second-quarter performance exceeding expectations or Foxconn Industrial Internet disclosing its best financial report since its listing, both prove that the electronics industry is experiencing a cyclical recovery.

The cyclical recovery of the electronics industry is increasingly confirmed. On the one hand, TSMC, the world's largest wafer foundry, announced on August 13 that the company's board of directors approved the capital increase of its wholly-owned subsidiary TSMC Arizona (a wafer factory located in Arizona, USA), with the amount of capital increase not exceeding US$7.5 billion. At TSMC's second quarter performance briefing in 2024, TSMC stated that its previously launched expansion plans in Europe, the United States and Japan have not changed. On the other hand, Foxconn, an A-share listed company under the consumer electronics leader and "foundry king" Foxconn, also released its mid-term results of achieving a net profit attributable to its parent of 8.739 billion yuan, a huge increase of 22.04%, and a record high for the same period in history. Both companies pointed out in their financial reports that new demand for artificial intelligence (AI) has driven the company's performance growth.

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