While the company pointed to some areas of slowing activity, the fears appear overblown, indicating that investors might want to consider TSMC stock amid this uncertainty. TSMC Q2 earnings saw surging revenue In an environment of inflation and recession concerns, investors fear the bearishness will take the chip sector from its massive shortage into a possible surplus. Taiwan Semiconductor Manufacturing (NYSE: TSM), better known as TSMC, delivered strong earnings in its second-quarter report released last week.