6 days ago • Posted by William Ramstein

TSMC says profit up 11.2% as demand rises

TSMC, the biggest contract manufacturer of processor chips for Apple Inc. and other global brands, said Thursday its latest quarterly profit rose 11.2% over a year earlier to $4.8 billion as demand for smartphones and consumer electronics increased. Sales in the three months ending June 30 rose 19.8% to $13.3 billion, said the company, headquartered in Hsinchu, Taiwan. Source: the company

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