TSMC shares open higher on Q3 earnings result

Reuters

TAIPEI, Oct 18 (Reuters) - Shares of TSMC, the

world's biggest contract chip maker, rose 1.4 percent on Friday

after it posted a third-quarter profit that beat analyst

expectations.

Taiwan Semiconductor Manufacturing Co Ltd said its

third-quarter net profit rose more than 5 percent from a year

earlier, as smartphone makers stocked up on chips for new

devices launched during the period.

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