Taiwan Semiconductor Manufacturing Co. said its net profit in the first quarter increased by 21 percent year-over-year on better than expected demand for smartphone chips.
Taiwan Semiconductor Manufacturing Co.
Contract chip maker Taiwan Semiconductor Manufacturing Co. said its net profit grew by close to 8 percent year-over-year in the fourth quarter.
Taiwan Semiconductor Manufacturing Co. said its net profit in the second quarter grew 23.8 percent year over year, driven by demand for faster and power-efficient chips for mobile phones built with its new 28-nanometer manufacturing process.
The race to make the most advanced chips for smartphones and tablets is gaining steam, with contract chip manufacturer TSMC hastening implementation of its latest manufacturing technology to close a chip-making advantage long held by Intel.
Taiwan Semiconductor Manufacturing Co. (TSMC) reported that its first quarter net profit was up 18 percent year-over-year, as its revenue for the period exceeded its projections.
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