Taiwan Semiconductor Manufacturing Co Ltd reported a 35.9per cent jump in quarterly net profit, boosted by robust demand for products requiring high-end chips and as Apple Inc readies a new iPhone.
FILE PHOTO: The logo of Taiwan Semiconductor Manufacturing Co is seen on one of its office buildings in Tainan, Taiwan August 20, 2020. REUTERS/Ann Wang/File PhotoTAIPEI: Taiwan Semiconductor Manufacturing Co Ltd reported a 35.9per cent jump in quarterly net profit, boosted by robust demand for products requiring high-end chips and as Apple Inc readies a new iPhone.
July-September net profit for the world's largest contract chipmaker came in at TUS$137.3 billion , well ahead of the TUS$124.9 billion average of 19 analyst estimates compiled by Refinitiv.Revenue for the quarter climbed 29.2per cent to US$12.1 billion, above the company's earlier estimated range of US$11.2 billion to US$11.5 billion.