TSMC posts Q3 revenue of $32.5 billion, above forecasts

TAIPEI, Oct 9 (Reuters) - TSMC 2330.TW, 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) TSM.N is a major supplier to companies including Nvidia NVDA.O and Apple AAPL.O.

($1 = 30.4740 Taiwan dollars)