Chip maker TSMC posts 19% fall in net profit, but edges pasts forecasts

Taiwan-based chip maker Taiwan Semiconductor Manufacturing Co. Ltd. on Thursday reported a 19.3% fall in net profit, but still managed to beat expectations amid hopes a global chip slowdown is easing.TSMC 2330, +1.20% TSM, +1.26% reported net income of new Taiwan dollars $238.71 billion ($7.6 billion) in the fourth quarter from NT$295.90 billion in the year ago period. The company was expected to post net income of NT$224.67 billion for the quarter ended Dec. 31, according to a poll of analysts by S&P Globa ...