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Taiwan Semiconductor Manufacturing Company (TSMC) posted consolidated revenues of NT$74.21 billion for the second quarter, up 87.9% from NT$39.5 billion in the first. On an annual basis, the sales experienced a 15.8% decline from NT$88.14 billion a year ago. The foundry had net income of NT$24.44 billion (US$743 million) for the quarter on gross margins of 46.2%, compared to 18.9% for the first quarter. Operating margin for the quarter climbed to 33.9%, also showing improvement compared to 3.1% for the previous quarter. Both margins beat the company's previous guidance for the quarter.
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