Apr 29, 2008
Taiwan Semiconductor reports 49 percent rise in 1Q profit
Taiwan Semiconductor Manufacturing Co., the world's largest contract chip maker by revenue, reported better-than-expected first-quarter net profit as its margins improved.
TSMC also expects steady second-quarter margins and revenue, as a stronger New Taiwan dollar is expected to partially offset a pickup in demand during a typically slow season, Chief Executive Rick Tsai said Tuesday.
TSMC's net profit in the three months ended March 31 rose 49 percent to 28.14 billion New Taiwan dollars ($925.6 million), or 1.10 New Taiwan dollars per share, from 18.84 billion, or 0.71 a share, a year earlier. Read more
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