TSMC Posts Highest Profits in Nine Quarters

According to DigiTimes, Taiwan Semiconductor Manufacturing Company has reported its highest profits in nine quarters.

TSMC has reported consolidated net income of NT$33.66 billion for the first quarter of 2010, its best quarterly profits since the fourth quarter of 2007. The results also show a 2,059.5% jump from profits of NT$1.56 billion in the same quarter of 2009. TSMC saw first-quarter gross margin reach 47.9% and operating margin 37%, both of which were within the range of the company's guidance.

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