On the afternoon of July 17, TSMC hosted an investor conference where it projected third-quarter revenue to range between $31.8 billion and $33 billion, averaging at $32.4 billion. This marks a roughly 8% increase on a quarterly basis. During the event, TSMC also reaffirmed that its capital expenditures for the current year will continue to fall within the bracket of $38 billion to $42 billion.