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Q2 revenue ahead of forecasts

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Company to report Q2 earnings on July 17

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TAIPEI, July 10 (Reuters) - TSMC, the world's

largest contract chipmaker, reported on Thursday second-quarter

revenue of T$933.80 billion ($31.9 billion), beating market

forecasts, as demand for the company's products leaps on surging

interest in artificial intelligence applications.

Revenue for April-June came in at T$933.8 billion ($31.9

billion), according to Reuters calculations, rising 38.6% from

T$673.51 billion in the year ago period.

The latest result topped an LSEG SmartEstimate of T$927.831

billion drawn from 21 analysts, and was also better than the

guidance of $28.4 billion to $29.2 billion issued by TSMC in

April.

TSMC will report full second-quarter earnings on July 17,

including an outlook for the current quarter and full year.

The company, whose customers include Nvidia ( NVDA ), has

been a major beneficiary of advances in AI.