Future Tech

TSMC Q1 profit rises 2% y/y, beats market expectations

Tan KW
Publish date: Thu, 20 Apr 2023, 02:48 PM
Tan KW
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Future Tech

TAIPEI - Taiwanese chipmaker TSMC posted a 2% rise in first-quarter net profit on Thursday as global economic woes dented the demand for chips used in applications as varied as cars, cellphones and advanced computing.

Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker and a major Apple Inc supplier, saw January-March net profit rise to T$206.9 billion ($6.76 billion) from T$202.7 billion a year earlier.

That compared with the T$192.8 billion average of 21 analyst estimates compiled by Refinitiv.

 


  - Reuters

 

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