TSMC's Q1 profit up 45%, beats market estimates

TAIPEI : Taiwan chip company TSMC posted a 45per cent surge in quarterly net profit on Thursday, Reuters calculations showed, boosted by a semiconductor boom from people splurging on devices during the pandemic that led to a supply shortage of chips.

Net profit for January-March at Taiwan Semiconductor Manufacturing Co Ltd , the world's largest contract chipmaker and a major Apple Inc supplier, rose to T$202.7 billion from T$139.7 billion a year earlier.Source: Reuters

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