Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, said Thursday its first quarter profit climbed 7.8 percent from a year earlier on strong demand for advanced chips.
The company, which makes chips used in devices from mobile phones to video games to computers, said net profit for the January-March quarter rose to 36.28 billion New Taiwan dollars ($1.21 billion) from NT$33.66 billion a year earlier.
Revenue of NT$105.38 billion ($3.51 billion) rose 14.3 percent from NT$92.19 billion in the first quarter of 2010.
The company said demand for its advanced 40-nanometer and 65-nanometer wafers — the slices of semiconductor material from which chips are cut — continued to grow in the first quarter. It said the two accounted for 54 percent of total wafer revenue, compared to 41 percent in the first quarter in 2010.
The company said it does not expect the recent Japan earthquake to cause an interruption in its component supplies or have a significant impact on demand.
The company, which makes chips used in devices from mobile phones to video games to computers, said net profit for the January-March quarter rose to 36.28 billion New Taiwan dollars ($1.21 billion) from NT$33.66 billion a year earlier.
Revenue of NT$105.38 billion ($3.51 billion) rose 14.3 percent from NT$92.19 billion in the first quarter of 2010.
The company said demand for its advanced 40-nanometer and 65-nanometer wafers — the slices of semiconductor material from which chips are cut — continued to grow in the first quarter. It said the two accounted for 54 percent of total wafer revenue, compared to 41 percent in the first quarter in 2010.
The company said it does not expect the recent Japan earthquake to cause an interruption in its component supplies or have a significant impact on demand.
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