TSMC Q2 revenue T673.51 billion, beating market forecasts
AI boom fuels surge in demand for TSMCmade chips
TSMC39;s stock at historic high
TSMC reports Q2 earnings on July 18

TAIPEI, July 10 Reuters TSMC, the world39;s largest contract chipmaker, reported strong growth in secondquarter revenue on Wednesday that handily beat market forecasts, on the back of booming demand for artificial intelligence AI applications.

Taiwan Semiconductor Manufacturing Co, whose customers include Apple and Nvidia, has benefited from the surge towards AI that has helped it weather the tapering off of pandemicled demand and pushed TSMC39;s share price to a record high.

Revenue in the AprilJune period of this year came in at T673.51 billion 20.67 billion, according to Reuters calculations, compared with an LSEG SmartEstimate, drawn from 21 analysts, of T654.27 billion.

That represents growth of 32 onyear, compared with 15.68 billion in the yearago period.

It is not a direct comparison as TSMC provides monthly revenue data only in Taiwan dollars, but gives quarterly revenue figures and its outlook on its quarterly earnings calls both in U.S. dollars.

On its most recent earnings call in April, Taiwan Semiconductor Manufacturing Co forecast second quarter revenue in a range of between 19.6 billion to 20.4 billion.

For June alone, TSMC reported that revenue rose 33 yearonyear to T207.87 billion.

The company did not provide details in its brief revenue statement.

TSMC, Asia39;s most…