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TSMC's Net Income Jumps 77% in Q2

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Taiwan Semiconductor Manufacturing Co. or TSMC's (TPE:2330) net income jumped 77% to NT$706.6 billion in the second quarter of the year, from NT$398.3 billion a year earlier, according to a company release on Thursday.

Earnings per share also surged by 77% to NT$27.25, compared to NT$15.36 in the year-ago period.

Net sales rose 36% year on year to NT$1.270 trillion from NT$933.8 billion.

In US dollars, the quarter's revenue was $40.2 billion, an increase of 34% year-over-year

For the third quarter, the semiconductor company is expecting revenue between $44.6 billion and $45.8 billion.

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