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TSMC's profit up 62% in Q3

Oct. 26, 2012 (China Knowledge) - Taiwan Semiconductor Manufacturing Co or TSMC, the world's largest contract chip maker by revenue, has posted a net profit of NT$49.3 billion for the third quarter of this year, reflecting a YoY increase of 62%.

The profit for the third quarter of this year was more than an average forecast of NT$46.02 billion made by 8 analysts at The Wall Street Journal.

From July to September, the Taiwan based contract chip maker saw its consolidated revenue hit NT$141.38 billion for the third quarter, up 32.78% from a year earlier.

The company said that its shipment of 28nm chips for Q3 this year rose over 100% than in Q2 2012.

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