TSMC Q3 Net Profit Surges 62%

Taiwan Semiconductor Manufacturing Co

reported a 62% rise in its third-quarter net profit. TSMC's quarterly net profit surged to 49.30 billion New Taiwan dollars (US$1.69 billion), from NT$30.40 billion, in the year-ago period. However, analysts were expecting a net profit of NT$46.02 billion Its consolidated revenue climbed 33% to NT$141.38 billion from NT$106.48 billion. TSMC shares closed at $15.15 yesterday.