Taiwan Semiconductor Manufacturing (TSM): Q2 net profit +24% to a record NT$51.81B ($1.74B) vs...

|About: Taiwan Semiconductor Manu... (TSM)|By:, SA News Editor
Taiwan Semiconductor Manufacturing (TSM): Q2 net profit +24% to a record NT$51.81B ($1.74B) vs consensus of NT$49.32B, boosted by strong demand from smartphone and tablet makers for high-performance chips. EPS NT$2 ($0.33 per ADR unit). Revenue +22% to NT$155.89B, also a record. Gross margin 49% vs company guidance of 47.5-49.5%. Expects Q3 revenue to rise up to 5.2% on quarter. Chairman Morris Chang cuts forecast for 2013 growth in the semiconductor industry to 3% from 4% previously. (PR)