TAIPEI (Reuters) – Taiwanese chipmaker TSMC posted a 24.9% fall in third-quarter net profit on Thursday as global economic woes hit demand for chips used in applications from cars to cellphones and servers and coming off a high base last year.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a major Apple Inc supplier, saw July-September net profit fall to T$211 billion from T$280.9 billion a year earlier.
The profit beat a T$195.5 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate.
(Reporting by Sarah Wu and Yimou Lee; Editing by Muralikumar Anantharaman)
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