By Aries Poon
TAIPEI--Taiwan Semiconductor Manufacturing Co. (2330.TW) said Friday that October revenue rose 3.6% on year to 51.80 billion New Taiwan dollars ($1.76 billion).
Revenue for October 2012 was NT$49.94 billion, TSMC, the world's largest contract chip maker by revenue, said in a statement.
Sales likely rose on demand for high-performance chips from smartphone and tablet makers, analysts said. TSMC makes microprocessors based on designs provided by clients such as ARM Holdings PLC and Qualcomm Inc.
The company didn't explain the revenue increase in its statement.
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(END) Dow Jones Newswires
November 08, 2013 00:53 ET (05:53 GMT)Copyright (c) 2013 Dow Jones & Company, Inc.
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