Taiwan Semiconductor Manufacturing Co. on Thursday posted record-high net profit and revenue in April-June thanks to strong demand for chips used in smartphones and tablets.
Profit in second quarter of the year increased 23.8 percent year-on-year to Tw$51.81 billion ($1.73 billion), while revenue was up 21.6 percent at Tw$155.89 billion.
Compared with the previous quarter net profit was up 30.9 percent and revenue climbed 17.4 percent, it said in a statement.
It expects revenue of Tw$161-Tw$164 billion in the third quarter.
The company added that it enjoyed a surge in demand for its wafer technology since the first quarter as mobile makers ratchet up their smartphone lines amid fierce competition in the multi-billion-dollar sector.
In accordance with this, TSMC raised its capital expenditure estimate for 2013 to $9.5-$10 billion, from the previous forecast of $9 billion.
Taiwan's TSMC posts record Q2 profit, revenue
