TSMC second quarter net profit falls 7.6%

FILE PHOTO: A logo of Taiwan Semiconductor Manufacturing Co (TSMC) is seen at its headquarters in Hsinchu, Taiwan August 31, 2018. REUTERS/Tyrone Siu - Copyright Tyrone Siu(Reuters)

By Reuters

Published on 18/07/2019 - 08:04•Updated 24/04/2024 - 23:28

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TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's largest contract chipmaker, posted on Thursday a 7.6% fall in second-quarter net profit.

TSMC, whose clients include iPhone maker Apple Inc, said April-June profit was T$66.765 billion (1.73 billion pounds). That compared with the T$65.92 billion average of 21 analyst estimates compiled by Refinitiv.