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Taiwan's Tsmc Third-Quarter Net Profit Climbs 28 Percent; Analysts See Iphone 7 Boost

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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A security personnel stands near the logo of Taiwan Semiconductor Manufacturing Co. Ltd in TaipeiBy J.R. Wu TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co's (TSMC) third-quarter net profit jumped 28 percent, hitting a new quarterly record, as analysts said earnings were boosted by sales of chips and processors for Apple Inc's new iPhone 7. TSMC's third-quarter revenue rose 23 percent to T$260.4 billion, another quarterly record and also ahead of guidance the firm offered in July.




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