Thursday, April 26, 2007

UPDATE 1-TSMC posts weak Q1 profit, but recovery in place

(Reuters) - TAIPEI, April 26 - TSMC , the world's top contract chip maker, posted its smallest profit in seven quarters on poor chip demand, but the downturn is near bottom as new PCs and consumer products fly off store shelves.

Armed with its economic scale that yields higher profit margins, analysts say Taiwan Semiconductor Manufacturing Co. Ltd.


Read more at Reuters.com Market News

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