TSMC's 28-nanometer process pays off as it rakes in $1.68 billion profit in Q3

Everything is relative, so when a chip foundry like TSMC (which produces gear for the likes of NVIDIA) has a bad quarter, that means it only made a $1 billion in profit. Today's numbers reveal that the company has managed to rescue its halting fortunes after turning over $4.8 billion and making a tidy $1.68 billion in profit. The cause of this upswing was that orders for its coveted 28-nanometer process doubled in the period -- repaying some of the $8.5 billion spent developing it and keeping profits just a little over that of its closest rival, Qualcomm.

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Filed under: Cellphones, Tablets

TSMC's 28-nanometer process pays off as it rakes in $1.68 billion profit in Q3 originally appeared on Engadget on Thu, 25 Oct 2012 05:11:00 EDT. Please see our terms for use of feeds.