Despite some disappointments in first-quarter earnings, the company should reward patient investors. One reason: early success in its crackdown on password sharing. Read More...
TSMC Q1 profit rises 2% year-on-year, beats market expectations
Taiwanese chipmaker TSMC posted a 2% rise in first-quarter net profit on Thursday beating market expectations but still the smallest quarterly growth in almost four years as global economic woes dented demand for chips. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a major Apple Inc supplier, saw January-March net profit rise to T$206.9 billion ($6.76 billion) from T$202.7 billion a year earlier. TSMC, Asia’s most valuable listed company, said first-quarter revenue dropped 4.8% year-on-year, in line with the company’s previous forecast.