TAIPEI, April 19 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , the world's largest contract chipmaker, said first-quarter net profit rose 2.5 percent, lagging market forecasts.
TSMC, whose clients include U.S. technology firm Apple Inc , said January-March profit reached T$89.785 billion ($3.06 billion).
That compared with a T$90.50 billion forecast drawn from 19 analysts polled by Thomson Reuters SmartEstimate.
Revenue rose 6.1 percent to T$248.08 billion, compared with the US$8.4 billion to US$8.5 billion range TSMC forecast in January. ($1 = 29.2950 Taiwan dollars) (Reporting by Clare Jim; Editing by Kim Coghill)