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Q3 revenue ahead of market forecast

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Company to report full Q3 earnings on October 16

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TSMC shares have soared 34% this year

(Adds details throughout)

TAIPEI, Oct 9 (Reuters) - TSMC, the world's largest

contract chipmaker, reported on Thursday third-quarter revenue

rose 30% year-on-year, beating the market forecast, as demand

for the company's products leapt on surging interest in

artificial intelligence applications.

Revenue for July-September came in at T$989.92 billion

($32.47 billion), according to Reuters calculations, compared

with T$759.69 billion in the year ago period.

The latest result handily topped an LSEG SmartEstimate of

T$973.26 billion drawn from 22 analysts, and was in the

mid-point of guidance of $31.8 billion to $33 billion issued by

TSMC in July in its last earnings call. TSMC only gives guidance

in U.S. dollars.

TSMC will report full third-quarter earnings on

October 16, including an updated outlook for the current quarter

and full year.

The company, whose customers include Nvidia ( NVDA ) and

Apple ( AAPL ), has been a major beneficiary of advances in AI,

which has more than offset the tapering off of pandemic-led

demand for chips used in consumer electronics like tablets.

TSMC's Taipei-listed shares have gained 34% so far this

year, compared with an 18.5% rise for the broader market

.

Taiwan's Foxconn, the world's largest contract

electronics maker and Nvidia's ( NVDA ) biggest server maker, has also

reported bumper sales, logging its highest-ever revenue for the

third quarter.

($1 = 30.4880 Taiwan dollars)

(Reporting by Ben Blanchard and Faith Hung; Editing by Jamie

Freed and Muralikumar Anantharaman)