UBS Upgrades Taiwan Semiconductor (TSM) to Buy

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TSMC (TSM) Tops Q1 EPS by 1c; Guides Q2 Revenue, Profit

April 17, 2014 6:54 AM EDT

Taiwan Semiconductor Manufacturing (NYSE: TSM) reported Q1 profit of $0.31 per ADR, versus the analyst estimate of $0.30 per ADR.

Revenue was NT$148.22 billion, from NT$132.76 billion in the same period last year.

Shipments of 28-nanometer process technology accounted for 34% of total wafer revenues.... More