TSMC Revenue Rises


News: Taiwan Semiconductor Manufacturing Company (TSMC) announced its Q313 financial results, reports IT News. Revenue for the quarter increased by 14.9% y-o-y to TWD132.6bn (US$5.54bn), while net profits rose 5% y-o-y to TWD52bn (US$1.77bn). TSMC expressed confidence over its long-term prospects, but warned it expects soft demand for high-end smartphones during Q413 to hit its rate of revenue growth during the period.

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Geography: Taiwan