Taiwan's TSMC posts 11% jump in Q2 profit on global chip demand
Reuters2021-07-15
TAIPEI, July 15 (Reuters) - Taiwan's TSMC posted an 11% rise in quarterly net profit on Thursday, boosted by a pandemic-led surge in global demand for chips that power devices such as smartphones and laptops during the COVID-19 pandemic.
Net profit for April-June at Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , the world's largest contract chipmaker and a major Apple Inc supplier, rose to T$134.4 billion ($4.81 billion) from T$120.8 billion a year earlier. ($1 = 27.9320 Taiwan dollars)
(Reporting By Yimou Lee and Ben Blanchard; Editing by Muralikumar Anantharaman)
((yimou.lee@thomsonreuters.com; +886-2-8729-5122;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
