TSMC posts 1Q profit

HSINCHU, Taiwan (AP) _ Taiwan Semiconductor Manufacturing Co. (TSM) on Thursday reported first-quarter earnings of $2.81 billion.

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The Hsinchu, Taiwan-based company said it had net income of 54 cents per share.

The chip company posted revenue of $7.51 billion in the period.

TSMC shares have increased 12 percent since the beginning of the year. The stock has increased 26 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSM at https://www.zacks.com/ap/TSM

Keywords: TSMC, Earnings Report