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By Jess Macy Yu
TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker and a key Apple supplier, forecast third-quarter revenue to rise at least 15 percent from the last quarter due to new mobile devices-related product launches.
Taiwan's most valuable company, which has a market capitalisation that exceeds Intel Corp's, said on Thursday revenue for the July-Sept quarter will be between $8.12 billion and $8.22 billion, compared to the $7.06 billion posted for the April-June quarter.
TSMC and its rivals are riding a boom in demand for chips that power smartphones and computer servers, driving sharp gains in their shares. South Korea's Samsung Electronics Co last week estimated a record quarterly operating profit for April-June.
Apple is gearing up to launch its latest iPhone version, and analysts expect TSMC and some other suppliers to benefit from it.
TSMC's brighter outlook came after its second-quarter net profit fell 8.6 percent from the same period a year ago due to a seasonally weaker quarter and an "unfavorable foreign exchange rate", the company said.
Net profit for April-June was T$66.27 billion ($2.19 billion), down from T$72.51 billion in the year-ago quarter. That compared to the T$68.44 billion average forecast of 22 analysts, according to Thomson Reuters.
TSMC also said it will from this quarter offer revenue guidance in U.S. dollar terms, a departure from denoting it in Taiwan dollars, because of the unfavorable on-year appreciation of the local currency, which it said has been making its revenue appear less than it was.
($1 = 30.2730 Taiwan dollars)
(Reporting by Jess Macy Yu and J.R. Wu; Editing by Muralikumar Anantharaman)