Taiwan Semiconductor Manufacturing Co., the contract manufacturer for companies including Nvidia and Apple, on Thursday said its profit surged in the second quarter due to artificial-intelligence demand.

Industry demands are changing and only about 30 per cent of the country’s intelligent computing capacity is being used.

Nvidia said it has filed applications to resume selling H20 GPUs in China and has received assurances that licenses will be granted.

NVIDIA delivered strong financial performance in Q1 2026 and maintained momentum in the AI sector, breaking record levels and continuing to rally despite ongoing trade tensions, export restrictions, and geopolitical uncertainty.

The first quarter of FY2026 saw a 38 per cent year-on-year (YoY) growth in AI roles with over 35,000 AI/ML jobs posted on Naukri between April and June this year, according to a new report published by the popular Indian employment website on Wednesday, July 16. Non-AI tech jobs only grew by eight per cent, the report said.

TSMC's 30% growth is driven by soaring AI and HPC chip demand. Click to read more on my updated look at TSM and its Q2 earnings.

Key Takeaways Nvidia and AMD lead the AI chip race with strong product demand and market growth.Alphabet and Microsoft are expanding AI integration across cloud

CRN rounds up Nvidia’s biggest news stories of 2025 so far, ranging from its $4 trillion market cap milestone and ongoing software acquisition spree to the reveal of new AI computing platforms and its defiance of concerns related to DeepSeek.

The AI chipmaker has a clear lead over the other companies. Nvidia CEO Jensen Huang knows this well, and he went as far as to say that Nvidia’s chips are “so good that even when the competitor’s chips are free, it’s not cheap enough.”

Nvidia has made history as the first publicly traded company to achieve a $4 trillion valuation, highlighting the impact of artificial intelligence.