Taiwan's TSMC posts 13.8% rise in Q3 profit on global chip demand surge
TAIPEI, Oct 14 (Reuters) - Taiwan chip giant TSMC 2330.TW posted a 13.8% rise in quarterly net profit on Thursday, boosted by a surge in global demand for semiconductors for smartphones and laptops during the COVID-19 pandemic amid a supply shortage.
Net profit for July-September at Taiwan Semiconductor Manufacturing Co Ltd (TSMC) TSM.N , the world's largest contract chipmaker and a major Apple Inc AAPL.O supplier, rose to T$156.3 billion ($5.56 billion) from T$137.3 billion a year earlier. ($1 = 28.0980 Taiwan dollars)
Reporting by Yimou Lee and Ben Blanchard; Editing by Christopher Cushing
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