TSMC's Q2 Profit Falls 23 Per Cent Amid Declining Electronics Demand
1 year, 8 months ago

TSMC's Q2 Profit Falls 23 Per Cent Amid Declining Electronics Demand

ABP News  

Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, reported a 23 per cent drop in net profit in the second quarter as demand for consumer electronics and semiconductor chips remains low amid rising interest rates and global economic challenges, the media has reported. The world's largest contract chipmaker on Thursday said that during the April-June quarter, net profit dropped to 181.8 billion New Taiwan dollars from 237.0 billion New Taiwan dollars a year earlier. TSMC, the most valuable listed company in Asia, also reported a 13.7 per cent year-on-year drop in second-quarter revenue to $15.68 billion, which aligned with the company's earlier forecast. TSMC's quarterly revenue reached 480.84 billion New Taiwan dollars, down 10 per cent from the previous year.

Profit Demand Billion Quarter Tsmc Cent Amid  quarter  falls  reported  profit  revenue  electronics  dollars  demand  q2  cent  amid  23  taiwan  declining  billion  tsmc  tsmcs

History of this topic

Taiwan says TSMC’s $100 billion chip investment in the U.S. wasn’t because of U.S. pressure
Trending News
2 weeks, 5 days ago

Taiwan says TSMC’s $100 billion chip investment in the U.S. wasn’t because of U.S. pressure

The Hindu  

Taiwan's president and top chipmaker TSMC held a joint news conference Thursday to defend the company's decision to invest $100 billion in the U.S., saying it stemmed from customer demand and not pressure from the Trump administration. Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, said earlier this week it would invest $100 billion in three more chip manufacturing plants, …

Taiwan says chipmaker’s move to invest $100 billion in the US wasn’t because of US pressure
2 weeks, 6 days ago

Taiwan says chipmaker’s move to invest $100 billion in the US wasn’t because of US pressure

Associated Press  

TAIPEI, Taiwan — Taiwan’s president and top chipmaker TSMC held a joint news conference Thursday to defend the company’s decision to invest $100 billion in the U.S., saying it stemmed from customer demand and not pressure from the Trump administration. Taiwan Semiconductor Manufacturing Company, the world’s largest chipmaker, said earlier this week it would invest $100 billion in three more …

Taiwan says TSMC investment 'historic moment' for US ties
2 weeks, 6 days ago

Taiwan says TSMC investment 'historic moment' for US ties

Hindustan Times  

Taiwanese chipmaking giant TSMC's plan to invest $100 billion in the United States was a "historic moment" for Taiwan-US ties, the island's President Lai Ching-te said on Thursday. Taiwan says TSMC investment 'historic moment' for US ties TSMC, the world's largest chipmaker, announced the plan this week after US President Donald Trump threatened to impose tariffs on overseas-made chips. It …

Donald Trump announces Taiwan Semiconductor Manufacturing Company’s $100 billion investment in the US
Trending News
3 weeks, 2 days ago

Donald Trump announces Taiwan Semiconductor Manufacturing Company’s $100 billion investment in the US

Live Mint  

President Donald Trump announced that Taiwan Semiconductor Manufacturing Company will invest $100 billion in the United States. Taiwan Semiconductor Manufacturing Company's latest investment will add to its existing $65 billion commitments and will be used to build five state-of-the-art fabrication facilities, Trump announced at a White House event alongside TSMC CEO C.C. Trump's remarks on economic security Trump, who was …

Trump announces Taiwanese chipmaking giant TSMC to invest $100 billion in US manufacturing
3 weeks, 3 days ago

Trump announces Taiwanese chipmaking giant TSMC to invest $100 billion in US manufacturing

CNN  

New York CNN — Chipmaking giant Taiwan Semiconductor Manufacturing Company plans to invest at least $100 billion to grow its US manufacturing operations, President Donald Trump announced from the White House on Monday alongside the firm’s CEO C.C. It’s a matter of economic security, it’s also a matter of national security for us,” Trump said, adding that it would help …

Taiwan’s chip giant TSMC to spend $100bn to expand US chip manufacturing
3 weeks, 3 days ago

Taiwan’s chip giant TSMC to spend $100bn to expand US chip manufacturing

Al Jazeera  

TSMC CEO announced the plan with US president, the latest firm to make investment commitments since Donald Trump took office. “It’s a matter of national security for us.” TSMC, the world’s largest contract chipmaker, is a leading supplier to major US firms including Apple, Intel and Nvidia. Former US President Joe Biden in 2022 signed a sweeping $280bn law, the …

Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom
2 months, 1 week ago

Taiwanese chipmaker TSMC posts 57% surge in profit thanks to the AI boom

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Taiwan computer chip maker TSMC …

TSMC Sales Beat Estimates in Boost for AI’s Outlook in 2025
2 months, 2 weeks ago

TSMC Sales Beat Estimates in Boost for AI’s Outlook in 2025

Live Mint  

-- Taiwan Semiconductor Manufacturing Co.’s quarterly sales topped estimates, reinforcing investor hopes that the torrid pace of AI hardware spending will extend into 2025. The strong showing from Taiwan’s largest company bolsters expectations that big tech companies from Alphabet Inc. to Microsoft Corp. will continue to build and upgrade datacenters at a rapid clip to propel AI development. The US …

Taiwan Says TSMC’s US Investments Help with Trade Balance
4 months, 1 week ago

Taiwan Says TSMC’s US Investments Help with Trade Balance

Live Mint  

Taiwan Semiconductor Manufacturing Co.’s tens of billions of dollars of investments in the US help reduce the archipelago’s trade surplus with its primary security partner, a senior Taiwanese official said, as export-reliant economies brace for US President-elect Donald Trump, who is threatening additional tariffs on imports. Taiwan can further cut its surplus in bilateral trade with the US by buying …

Taiwan Makes the Majority of the World’s Computer Chips. Now It’s Running Out of Electricity
55 years, 2 months ago

Taiwan Makes the Majority of the World’s Computer Chips. Now It’s Running Out of Electricity

Wired  

This story originally appeared on Yale Environment 360 and is part of the Climate Desk collaboration. Some 50 miles southwest of Taipei, Taiwan’s capital, and strategically located close to a cluster of the island’s top universities, the 3,500-acre Hsinchu Science Park is globally celebrated as the incubator of Taiwan’s most successful technology companies. One of them, the Taiwan Semiconductor Manufacturing …

China chipmaker SMIC beats Q2 estimates despite steep profit fall
7 months, 2 weeks ago

China chipmaker SMIC beats Q2 estimates despite steep profit fall

The Hindu  

Semiconductor Manufacturing International Corp reported a 59.1% fall in second-quarter net profit on Thursday though the result from China's largest chip foundry beat expectations. SMIC reported $164.6 million in unaudited profit attributable to owners for the three months to June 30, topping the $103.8 million expected by analysts polled by LSEG, while revenue rose by 21.8% to $1.9 billion, also …

TSMC leads chipmaker plunge as trade resumes after typhoon pause
8 months ago

TSMC leads chipmaker plunge as trade resumes after typhoon pause

Hindustan Times  

Taiwanese giant TSMC tumbled with several other leading chip makers Friday as traders returned from a typhoon-imposed two-day break to play catch-up with a global tech rout. TSMC leads chipmaker plunge as trade resumes after typhoon pause Equities across the world tumbled after disappointing earnings from "Magnificent Seven" titans Alphabet and Tesla fuelled worries about the tech sector, which has …

TSMC second-quarter profit seen jumping 30% on surging AI chip demand
8 months, 1 week ago

TSMC second-quarter profit seen jumping 30% on surging AI chip demand

The Hindu  

Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 30% rise in second-quarter profit on Thursday thanks to soaring demand. The world's largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has pushed TSMC's stock - and the broader Taiwan market …

Taiwan chipmaker TSMC stock surges after Morgan Stanley raises price target on Nvidia
1 year, 1 month ago

Taiwan chipmaker TSMC stock surges after Morgan Stanley raises price target on Nvidia

The Hindu  

Taiwan’s Taiex benchmark index jumped 3% to a record high on Thursday, buoyed by a surge in the share price of Taiwan Semiconductor Manufacturing Company, the world’s biggest maker of computer chips. The leap came after Morgan Stanley analysts raised their price target on Nvidia, which designs chips that are manufactured by TSMC, to $750 from $603, citing an increase …

TSMC says it is "rooted in Taiwan" even as it expands abroad
1 year, 7 months ago

TSMC says it is "rooted in Taiwan" even as it expands abroad

The Hindu  

TSMC will remain "rooted in Taiwan", its chief executive said on Friday in a bid to allay concerns that the world's largest contract chipmaker could abandon its island home as it expands abroad. Wei was speaking at the opening of a massive research and development facility that TSMC, Asia's most valuable listed company and a key Apple Inc and Nvidia …

TSMC flags 10% fall in 2023 sales, spending at low end of forecast
1 year, 8 months ago

TSMC flags 10% fall in 2023 sales, spending at low end of forecast

The Hindu  

Taiwanese chipmaker TSMC forecast a 10% drop in 2023 sales on Thursday after reporting a 23% fall in second-quarter earnings as global economic woes dented demand for chips used in applications as varied as cars, cellphones and servers. The world's largest contract chipmaker estimated investment spending for this year at the lower end of a previous estimate of $32-$36 billion …

TSMC’s Taiwan factory plans have not changed, says minister
1 year, 11 months ago

TSMC’s Taiwan factory plans have not changed, says minister

Al Jazeera  

Economy minister says investment still going ahead after report that semiconductor giant is slowing expansion plans. Taiwan’s TSMC has not changed the investment plan for its new chip factory in the island’s southern city of Kaohsiung, Economy Minister Wang Mei-hua has said, responding to a media report of the chipmaker slowing down expansion at home. “TSMC investing in Taiwan, investing …

TSMC defies chip downturn with record Q4; cuts 2023 capex as demand weakens
2 years, 2 months ago

TSMC defies chip downturn with record Q4; cuts 2023 capex as demand weakens

The Hindu  

Taiwanese chipmaker TSMC reported a forecast-beating 78% rise in quarterly profit on Thursday, as strong sales of advanced chips helped it defy a broader industry downturn that battered cheaper commodity chips. Taiwan Semiconductor Manufacturing Co Ltd, the world's largest contract chipmaker, is a rare bright spot in the global tech industry which is grappling with worsening consumer demand brought about …

Taiwan chipmaker TSMC says quarterly profit up 78%
2 years, 2 months ago

Taiwan chipmaker TSMC says quarterly profit up 78%

Associated Press  

TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said Thursday its quarterly profit rose 78% over a year earlier but forecast weak demand this year. Revenue for the final quarter of 2022 rose 42.8% over a year earlier to 625.5 billion New Taiwan dollars, the company announced. TSMC announced …

TSMC triples Arizona chip plant investment, Apple confirms to only use chips made in the US
2 years, 3 months ago

TSMC triples Arizona chip plant investment, Apple confirms to only use chips made in the US

Firstpost  

TSMC will be tripling their planned investment at the Arizona plant in the US to a total of $40 billion. Taiwan’s TSMC or the Taiwan Semiconductor Manufacturing Co Ltd. announced on Tuesday that they will be tripling their planned investment at the Arizona plant in the US to a total of $40 billion. “American manufacturing is back, folks," Biden said …

Taiwan chipmaker TSMC says quarterly profit $8.8 billion
2 years, 5 months ago

Taiwan chipmaker TSMC says quarterly profit $8.8 billion

Associated Press  

TAIPEI, Taiwan — Taiwan Semiconductor Manufacturing Co., the biggest contract manufacturer of processor chips for smartphones and other products, said Thursday that its quarterly profit rose 79.7% over a year earlier to a record $8.8 billion amid surging demand. The American Embassy in Beijing didn’t immediately respond to a question about whether TSMC had received an exemption that might allow …

Between Samsung and TSMC, the Taiwanese firm controls over half of global foundry manufacturing
2 years, 6 months ago

Between Samsung and TSMC, the Taiwanese firm controls over half of global foundry manufacturing

The Hindu  

When it comes to making chipsets, there is Taiwan Semiconductor Manufacturing Company and Samsung, and the rest. The Taiwanese firm was running at full capacity to meet demand for chips globally as the world faced a semiconductor shortage. Between the two, the Taiwanese firm controls over half of global foundry manufacturing. TSMC’s latest revenue numbers comes at a time when …

Dell revenue growth slows on strong dollar, China lockdowns
2 years, 7 months ago

Dell revenue growth slows on strong dollar, China lockdowns

The Hindu  

Dell Technologies Inc posted its slowest revenue growth in six quarters on Thursday as a surge in the dollar and COVID-19 flare-ups in major market China offset a jump in its enterprise-focused business. Dell's revenue rose 9% to $26.43 billion in the quarter to July 29 and was roughly in line with market expectations, according to Refinitiv data. Consumer revenue …

Taiwan-China Tensions: How does this impact India’s auto sector and semiconductor demand
2 years, 7 months ago

Taiwan-China Tensions: How does this impact India’s auto sector and semiconductor demand

Live Mint  

Five months after Russia's invasion of Ukraine, another geopolitical conflict arose between China and the United States. The Chinese ministry opposed Pelosi's visit to Taipei, saying that "Pelosi disregarded China's strong opposition and solemn representations and visited Taiwan, China." Taiwan Semiconductor Manufacturing Company is the world’s largest contract chip manufacturer and Asia's most valuable listed company at $600bn, according to …

PC Demand Slump Forcing Intel To Revise Its Yearly Market Projections: What It Means
2 years, 7 months ago

PC Demand Slump Forcing Intel To Revise Its Yearly Market Projections: What It Means

News 18  

-Intel Corp slashed its annual sales and profit forecasts on Thursday after missing estimates for second-quarter results as demand for its chips used in personal computers cools, sending shares down 10%. The company also forecast current-quarter results well below expectations, blaming the "sudden and rapid decline" in economic activity and execution issues. "The economic shift was harsher and drove not …

TSMC sees resilient chip sales boosting Q3; electronics demand cooling
2 years, 8 months ago

TSMC sees resilient chip sales boosting Q3; electronics demand cooling

The Hindu  

Taiwan's TSMC forecast revenue growth that could be the highest in 10 quarters, saying it was "highly confident" about its long-term prospects and touted demand for high-tech chips used in 5G networks and artificial intelligence. In the second quarter ended June 30, TSMC's revenue rose 36.6%, and net profit surged 76.4% - the biggest jump in eight quarters and handily …

Taiwanese Chip Firms Gain Amid Global Shortage Issues
2 years, 8 months ago

Taiwanese Chip Firms Gain Amid Global Shortage Issues

News 18  

TAIPEI:Order books for both mature and advanced semiconductor nodes for Taiwanese chip firms are still very full, Economy Minister Wang Mei-hua said on Wednesday, amid concerns about a slowdown in tech-related demand. A significantly weaker-than-expected business outlook by memory-chip firm Micron Technology Inc last Thursday raised concern that, following nearly two years of strong demand, the industry was turning towards …

Taiwan’s GlobalWafers to invest $5 billion in New Texas plant
2 years, 8 months ago

Taiwan’s GlobalWafers to invest $5 billion in New Texas plant

Live Mint  

GlobalWafers Co., a Taiwan-based technology company, unveiled a plan on Monday to build a $5 billion factory in Sherman, Texas, to manufacture silicon wafers, a key material used in the production of semiconductors. The investment, which would receive U.S. government support should Congress pass pending legislation, will contribute to a U.S. effort to boost domestic production of advanced semiconductors and …

TSMC Mulling To Set Up A New Plant In Germany. Details
3 years, 3 months ago

TSMC Mulling To Set Up A New Plant In Germany. Details

ABP News  

New Delhi: Taiwan Semiconductor Manufacturing Company, the world's largest contract manufacturer for chips, is looking to set up a new plant in Germany and is in talks with the German government about setting up a plant in Europe, the media has reported. TSMC is the world’s largest contract chipset maker with production sites mostly in Taiwan. earlier in June, TSMC …

Profit falls 81% as China cracks down on big tech: Alibaba
3 years, 4 months ago

Profit falls 81% as China cracks down on big tech: Alibaba

Hindustan Times  

Chinese e-commerce leader Alibaba Group said on Thursday that its profit for the most recent quarter tumbled 81 percent as it grappled with a government crackdown on the country's big tech champions. The Hangzhou-based company's revenues -- generated mainly by its core e-commerce operations -- reached 200.7 billion yuan, up 29 percent. Last year the government scuppered what would have …

Sony to invest $500 mln in TSMC's new Japan chip plant venture
3 years, 4 months ago

Sony to invest $500 mln in TSMC's new Japan chip plant venture

The Hindu  

Sony Group on Tuesday said it will invest about $500 million in a joint venture with Taiwan Semiconductor Manufacturing Co's that will build a $7 billion chip plant in Japan. Construction of the factory, which local media last month said will supply semiconductors to Sony's image sensor business, will begin in 2022, with production slated to begin at the end …

TSMC, Sony group plan $7 billion chip plant, expect Japan government’s support
3 years, 4 months ago

TSMC, Sony group plan $7 billion chip plant, expect Japan government’s support

Live Mint  

Taiwan Semiconductor Manufacturing Co. and Sony Group Corp. said Tuesday that they planned to build a $7 billion chip plant in Japan and expect strong support from the Japanese government. The Taiwanese chip maker said its board approved an equity investment of up to $2.12 billion to establish a majority-owned unit in Japan. Sony said it planned to make an …

Taiwan looks all set to thrive in a post-covid world
3 years, 10 months ago

Taiwan looks all set to thrive in a post-covid world

Live Mint  

For our global fund, Taiwan has been an absolutely stellar performer in the past 10 months or so. At a time when US Secretary of State Antony Blinken has hinted that Washington could send naval fleets to South China Sea in case of military escalation from China, a move unprecedented since the Taiwan Strait Crisis in 1954, heads of states …

Chipmaker TSMC approves fund for capacity expansion
3 years, 11 months ago

Chipmaker TSMC approves fund for capacity expansion

The Hindu  

Taiwan Semiconductor Manufacturing Co's board has approved $2.89 billion in spending to increase capacity, the company said on Thursday, responding to a global chip shortage that has affected carmakers in particular. In a brief statement, the world's largest contract chipmaker said its board had approved the spending "for the purpose of installing mature technology capacity". The company this month said …

Taiwan’s TSMC is pouring $100 billion into chipmaking to prevent another shortage
3 years, 11 months ago

Taiwan’s TSMC is pouring $100 billion into chipmaking to prevent another shortage

CNN  

Hong Kong CNN Business — Taiwan Semiconductor Manufacturing Company, the world’s largest contract chipmaker, announced Thursday that it expects to pour $100 billion into advanced chips over the next three years to keep up with rising demand. “In order to keep up with demand,” TSMC expects to use the funds to “increase capacity to support the manufacturing and of advanced …

TCS Q3 net profit rises 7.2 pc; logs strongest third quarter growth in 9 years
4 years, 2 months ago

TCS Q3 net profit rises 7.2 pc; logs strongest third quarter growth in 9 years

The Hindu  

The country’s largest software services firm TCS on Friday reported a 7.2% rise in consolidated net profit to ₹8,701 crore for the December 2020 quarter. This is against a net profit of ₹8,118 crore in the year-ago period, Tata Consultancy Services said in a regulatory filing. This is the strongest December quarter growth in nine years, TCS said. “Growing demand …

Qualcomm's Q1 2018 profit exceeds forecasts, suggesting that a slowdown in global smartphone market is not as bad
6 years, 11 months ago

Qualcomm's Q1 2018 profit exceeds forecasts, suggesting that a slowdown in global smartphone market is not as bad

Firstpost  

The results announced in Qualcomm’s smartphone chip business contrasted to those from major mobile phone components makers in Asia. US chipmaker Qualcomm Inc’s quarterly profit and revenue topped Wall Street forecasts, suggesting that a slowdown in the global smartphone business might be less severe than feared after a string of weak forecasts from suppliers. Qualcomm said it expects the loss …

Apple’s secret new iPhone just made TSMC’s Morris Chang a billionaire
7 years, 8 months ago

Apple’s secret new iPhone just made TSMC’s Morris Chang a billionaire

Live Mint  

Hong Kong: The chairman of the world’s largest contract chipmaker has become a billionaire thanks to expected demand for Apple Inc.’s new iPhone. Taiwan Semiconductor Manufacturing Co. shares have surged 25% in the past year, lifting founder and chairman Morris Chang’s personal fortune to $1 billion, according to the Bloomberg Billionaires Index. TSMC, which is due to report earnings today …

Chipmaker SMIC targets 20% annual revenue growth
8 years, 10 months ago

Chipmaker SMIC targets 20% annual revenue growth

China Daily  

Semiconductor Manufacturing International Corporation, China's biggest chipmaker, is targeting 20 percent annual revenue growth, and has pledged to continue diversifying its business. Zhang Xin, the vice-president of SMIC, highlighted monitoring equipment, wearable devices and intelligent home systems as targets of expansion, as strong quarterly revenues were unveiled on Friday which showed the company is still enjoying robust growth, despite a …

NetEase Q3 profit up 62% to 1.9b yuan
9 years, 4 months ago

NetEase Q3 profit up 62% to 1.9b yuan

China Daily  

The NetEase Inc booth at an international Internet conference in Beijing. Mobile gaming driving growth for Guangzhou firm NetEase Inc, one of China's leading Internet and online gaming services providers, has posted record net profit for the third quarter, and a more than doubling in revenue, driven by its mobile gaming business. "Our self-developed and licensed personal computer games maintain …

NetEase Q3 profit up 62% to 1.9b yuan
9 years, 4 months ago

NetEase Q3 profit up 62% to 1.9b yuan

China Daily  

The NetEase Inc booth at an international Internet conference in Beijing. Mobile gaming driving growth for Guangzhou firm NetEase Inc, one of China's leading Internet and online gaming services providers, has posted record net profit for the third quarter, and a more than doubling in revenue, driven by its mobile gaming business. "Our self-developed and licensed personal computer games maintain …

NetEase Q3 profit up 62% to 1.9b yuan
9 years, 4 months ago

NetEase Q3 profit up 62% to 1.9b yuan

China Daily  

The NetEase Inc booth at an international Internet conference in Beijing. Mobile gaming driving growth for Guangzhou firm NetEase Inc, one of China's leading Internet and online gaming services providers, has posted record net profit for the third quarter, and a more than doubling in revenue, driven by its mobile gaming business. "Our self-developed and licensed personal computer games maintain …

TCS Q1 profit falls 3%: Chinks in the armour but digital to be the saving grace
9 years, 8 months ago

TCS Q1 profit falls 3%: Chinks in the armour but digital to be the saving grace

Firstpost  

Tata Consultancy Services, the country’s largest software exporter, on Thursday reported a 3.33 percent on quarter fall in its profit after tax rose for April-June this year, but exuded confidence that the company will be able to tap the revenue potential from the new digital space. At Rs 5,709 crore, the company said the net profit has grown 48 percent …

A-share companies post 6.5% rise in net profit
9 years, 10 months ago

A-share companies post 6.5% rise in net profit

China Daily  

An investor checks share prices at a brokerage in Huaibei, Anhui province, April 21, 2015. A-share companies reported total net profit of 2.43 trillion yuan in 2014, up 6.5 percent, with half generated by listed banks, said Securities Times on Monday. Sixteen listed banks posted aggregate of 3.33 trillion yuan revenue and 1.24 trillion yuan net profit in 2014, up …

Chipmaker TSMC gets tablet, smartphone boost in 1Q
11 years, 11 months ago

Chipmaker TSMC gets tablet, smartphone boost in 1Q

Firstpost  

Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip manufacturer, reported an 18 percent jump in first quarter profit… Taiwan Semiconductor Manufacturing Co., the world’s largest contract chip manufacturer, reported an 18 percent jump in first quarter profit as increased global sales of smartphones and tablet computers boosted demand for sophisticated processors. Chairman and CEO Morris Chang said revenue growth …

Chipmaker profits up on price increases
15 years, 7 months ago

Chipmaker profits up on price increases

China Daily  

Chipmaker profits up on price increases Updated: 2009-07-31 07:44 TAIPEI: Taiwan Semiconductor Manufacturing Co, the world's largest custom-chip maker, has reported a higher second-quarter profit than analysts' estimates had predicted. Taiwan Semiconductor Chairman Morris Chang, 78, took over the CEO's post at the company he founded 22 years ago, to guide it out of its worst slump in eight years. …

Chipmaker Qualcomm climbs on increased sales forecast
17 years, 2 months ago

Chipmaker Qualcomm climbs on increased sales forecast

China Daily  

Qualcomm Inc, the second-biggest maker of chips that run mobile phones, climbed as much as 8.9 percent in extended trading after the company raised its 2008 sales forecast, citing stronger demand. President Steve Altman predicted growing demand worldwide for his company's technology, countering concern that a possible recession in the United States will hurt sales. Nokia feud Qualcomm gets the …

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