Chipmaker TSMC’s sales buck estimates, competition slowdown
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Taiwanese semiconductor giant TSMC posted better-than-expected third-quarter profits on Friday as rivals warn that demand for consumer electronics is being hit by the global economic downturn. Taiwan Semiconductor Manufacturing Company operates the world's largest silicon wafer factories and produces some of the most advanced microchips used in everything from smartphones and cars to missiles. Revenue for September was approximately TW$208.25 billion ($6.6 billion), down 4.5 percent from the month before but an increase of 36 percent from September last year. Third-quarter revenue at the world's largest contract chipmaker also rose 48 percent on-year to about TW$613 billion ($19.4 billion), according to Bloomberg News calculations. TSMC's results came the same day bigges...