TSMC posts Q3 revenue of $32.5 billion, above forecasts

TAIPEI (Reuters) -TSMC, the world's largest contract chipmaker, reported on Thursday third-quarter revenue of T$989.92 billion ($32.48 billion), beating market forecasts, and up 30% on the year ago period on surging interest in artificial intelligence applications. An LSEG SmartEstimate, drawn from 22 analysts, had predicted third-quarter revenue of T$973.26 billion. Taiwan Semiconductor Manufacturing Co (TSMC) is a major supplier to companies including Nvidia and Apple. ($1 = 30.4740 Taiwan dollars) (Reporting by Ben Blanchard and Faith Hung; Editing by Jamie Freed)

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