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TSMC Q3 net profit hits record high

2013/10/17 14:38:38

Taipei, Oct. 17 (CNA) Taiwan Semiconductor Manufacturing Co. (TSMC), the world's largest contract chip maker, said Thursday that its net profit for the third quarter hit a new high on the back of solid demand for consumer electronics devices.

The company reported NT$51.95 billion (US$1.77 billion) in net profit for the July-September period, up 0.3 percent from a quarter earlier, with an earnings per share of NT$2.00.

In the third quarter, TSMC's consolidated sales rose to NT$162.58 billion, a 4.3 percent increase from the second quarter and the highest quarterly amount in the company's history.

(By Jackson Chang and Frances Huang)
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