World Economy

TSMC Shows Record Profit

TSMC Shows Record ProfitTSMC Shows Record Profit

Taiwan Semiconductor Manufacturing Co said Thursday its fourth quarter net profit and revenue both hit record highs thanks to strong demand for chips used in mobile devices, reported to include

Apple’s iPhone 6, AFP reported. TSMC, the world’s biggest contract microchip maker by revenue, said profit in the three months to December rose 78.5% year-on-year to Tw$79.99b ($2.58b). Revenue also reached a record Tw$222.52b, up 52.6% from the same period last year, it said in a statement. “The strong demand for TSMC’s advanced technologies continued into the fourth quarter.