Reuters: Global Markets: TSMC shares open higher on third-quarter earnings result

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TSMC shares open higher on third-quarter earnings result Oct 18th 2013, 01:10 TAIPEI | Thu Oct 17, 2013 9:10pm EDT TAIPEI (Reuters) - Shares of TSMC (2330.TW), the world's biggest contract chip maker, rose 1.4 percent on Friday after it posted a third-quarter profit that beat analyst expectations. Taiwan Semiconductor Manufacturing Co Ltd said its third-quarter net profit rose more than 5 percent from a year earlier, as smartphone makers stocked up on chips for new devices launched during the period.

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