TSMC 2012 Q1 results: $1.1 billion profit good, 20-nanometer processes expensive

Taiwan Semiconductor Manufacturing Co. has offered up its first quarter results for the year, with another mixed bag for the company. Turnover was NT$105.51 billion ($3.6 billion) and net profit was NT$33.47 billion ($1.1 billion), 7.7 percent down on the NT$36.28 it made in the same quarter last year. On the upside, the chip foundry, which produces silicon for plenty of the world's biggest companies managed to claw back some of those profit dips from Q4 of last year, showing there's some evidence of a reversal of the trend.

Engadget, TSMC 2012 Q1 results: $1.1 billion profit good, 20-nanometer processes expensive