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Chipmaker TSMC Reports 7 Percent Drop in Profit
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Old 27th April 2012, 09:30   #1
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Default Chipmaker TSMC Reports 7 Percent Drop in Profit

Although Taiwan Semiconductor Manufacturing Company reported a 7.7 percent drop in 1Q profits, the company chairman said he expects to see "solid growth" this year. First quarter revenue was NT$105.5 billion. The company forecast revenue to increase to NT$128 billion in the second quarter. TSMC Chairman Morris Chang expects 2012 to be a year of "solid growth," with stronger-than-anticipated demand for smartphones and tablet computers coming from the U.S. and China.

http://www.hardocp.com/news/2012/04/...rop_in_profit/
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