Taiwan Semiconductor Manufacturing Posts US$1.8bn Profit


News: Taiwan Semiconductor Manufacturing (TSMC)'s chairman and CEO, Morris Chang, revealed his optimism over the firm's future, after experiencing record-high Q313 profits, zdnet.com reports. TSMC posted substantial Q313 net profit totalling US$1.77bn, owing to strong demand for consumer electronics devices, but expects even better results in 2014 as it plans to raise its capital expenditure to a minimum of US$10.6bn. Morris Chang believes 2014 sales should show double-digit growth y-o-y due to the expected success of its upcoming production of the 20-nanometer processor.

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Geography: Taiwan

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