TAIPEI (Reuters) – Shares in Taiwanese chip firm TSMC rose more than 1% on Friday morning, the day after announcing a forecast-beating second quarter profit and saying it was “highly confident” about its long-term prospects.
That compared to the broader market which was flat.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC), a major Apple Inc supplier and the world’s largest contract chipmaker, posted a 76.4% leap in profit for the April-June period of 2022, to T$237.0 billion ($7.92 billion).
($1 = 29.9410 Taiwan dollars)
(Reporting by Yimou Lee and Ben BLanchard; Editing by Jacqueline Wong)
