TAIPEI, Taiwan—TSMC, the biggest contract manufacturer of processor chips for Apple Inc. and other global brands, said Thursday its latest quarterly profit rose 11.2 percent over a year earlier to $4.8 billion as demand for smartphones and consumer electronics increased.
Sales in the three months ending June 30 rose 19.8 percent to $13.3 billion, said the company, headquartered in Hsinchu, Taiwan.
