Net profit for April-June at Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a major Apple Inc supplier, rose to T$134.4 billion ($4.81 billion) from T$120.8 billion a year earlier.
This was just short of an average estimate of T$136.5 billion, drawn from 19 analysts by Refinitiv.
TSMC’s business has been supported by a global chip shortage that has forced automakers to cut production and hurt manufacturers of smartphones, laptops and even appliances during the pandemic.
Revenue for the quarter climbed 28% to $13.29 billion.
($1 = 27.9320 Taiwan dollars)
(Reporting By Yimou Lee and Ben Blanchard; Editing by Muralikumar Anantharaman)