TAIPEI (Reuters) – Taiwan chip company TSMC posted a 45% surge in quarterly net profit on Thursday, Reuters calculations showed, boosted by a semiconductor boom from people splurging on devices during the pandemic that led to a supply shortage of chips.
Net profit for January-March at Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a major Apple Inc supplier, rose to T$202.7 billion from T$139.7 billion a year earlier.
That compared with the T$184.67 billion average of 19 analyst estimates compiled by Refinitiv.
(Reporting by Yimou Lee and Ben Blanchard; Editing by Christopher Cushing)
