Oct. 26 (Bloomberg) -- Taiwan Semiconductor Manufacturing Co., the world's largest maker of customized chips, Co., reported its smallest profit increase in a year on weaker demand for semiconductors used in cell-phones and consumer electronics.
Third-quarter net income gained 33 percent to NT$32.5 billion ($977 million), or NT$1.26 a share, from NT$24.5 billion, or 95 NT cents, a year earlier, the Hsinchu, Taiwan-based company said in a statement today. Nine analysts surveyed by Bloomberg had a median estimate of NT$31.7 billion.
Taiwan Semiconductor's customers are reducing orders for custom-made chips as handset manufacturers such as Motorola Inc. try to clear stock because of slowing sales. Concern that U.S. economic growth and consumer demand may be dented by higher interest rates and oil prices next year may delay chip orders.
Third-quarter net income gained 33 percent to NT$32.5 billion ($977 million), or NT$1.26 a share, from NT$24.5 billion, or 95 NT cents, a year earlier, the Hsinchu, Taiwan-based company said in a statement today. Nine analysts surveyed by Bloomberg had a median estimate of NT$31.7 billion.
Taiwan Semiconductor's customers are reducing orders for custom-made chips as handset manufacturers such as Motorola Inc. try to clear stock because of slowing sales. Concern that U.S. economic growth and consumer demand may be dented by higher interest rates and oil prices next year may delay chip orders.
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