TAIPEI, Taiwan (AP) — Taiwan Semiconductor Manufacturing Co. reported an 18 percent jump in first quarter profit as increased global sales of smartphones and tablet computers boosted its chip shipments.
The world's largest contract chip manufacturer said Thursday that profit totaled NT$39.6 billion ($1.3 billion) on revenue of NT$132 billion during the January-March period.
It said more than half of its shipments were application processors and other chips for use in mobile devices, and growth in this area more than made up for stagnant chip sales in computers.
TSMC expects revenue to grow to NT$154 billion in the second quarter.
Chairman and CEO Morris Chang said revenue growth for the whole of 2013 could exceed 10 percent, up from 7 percent growth predicted earlier.
Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Time continues to tick away as to whether or not Walmart can continue to have exclusive rights to a piece of property in Green Bay's Broadway District.
The Outagamie County District Attorney's office is reviewing possible charges against a former Appleton West High School teacher's aide.
Looking for a job? A Pulaski boat maker is hiring, after scoring a contract with a Dutch company.
A new report sheds light on whether a piece of wood found earlier this year in Lake Michigan is part of a centuries old shipwreck.
The City of Green Bay is taking another step to try to persuade more groups to have their conferences and conventions downtown.
Wrestling fans will get a chance to get rowdy when WWE Monday Night RAW makes its way to the Resch Center this winter.