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Taiwan's TSMC posts 11% jump in Q2 profit on global chip demand

TAIPEI, July 15 (Reuters) - Taiwan’s TSMC posted an 11% rise in quarterly net profit on Thursday, boosted by a pandemic-led surge in global demand for chips that power devices such as smartphones and laptops during the COVID-19 pandemic.

Net profit for April-June at Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest contract chipmaker and a major Apple Inc supplier, rose to T$134.4 billion ($4.81 billion) from T$120.8 billion a year earlier. ($1 = 27.9320 Taiwan dollars) (Reporting By Yimou Lee and Ben Blanchard; Editing by Muralikumar Anantharaman)

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