Future Tech

Chipmaker TSMC's shares jump after quarterly profit beats estimates

Tan KW
Publish date: Fri, 15 Jul 2022, 10:58 AM
Tan KW
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Future Tech

TAIPEI - Shares in Taiwanese chip firm TSMC rose more than 1% on Friday morning, the day after announcing a forecast-beating second quarter profit and saying it was "highly confident" about its long-term prospects.

That compared to the broader market which was flat.

Taiwan Semiconductor Manufacturing Co Ltd (TSMC), a major Apple Inc supplier and the world's largest contract chipmaker, posted a 76.4% leap in profit for the April-June period of 2022, to T$237.0 billion ($7.92 billion).

 


  - Reuters

 

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