TAIPEI (Reuters) – TSMC shares jumped more than 4% on Friday morning outperforming the broader market, after the Taiwanese chipmaker announced a forecast-beating third-quarter profit, though it struck a more cautious note on upcoming demand.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC), a major Apple Inc supplier and the world’s largest contract chipmaker, posted on Thursday an 80% on-year surge in profit for the July-September period of 2022, but also trimmed capital spending by at least 10% for this year.
(Reporting by Ben Blanchard; Editing by Christian Schmollinger)
