Taiwan Semiconductor Manufacturing (TSMC) announced a net profit of NT$76.3 billion ($2.5 billion) on turnover of NT$209 billion ($6.8 billion) for the third quarter of the year, which represented a 28.6% year on year increase in turnover and 46.9% increase in net profit. The company said that it aims to increase its capital expenditure in 2015 to more than $10 billion as it accelerates its ramp-up to commercial production of 16 nm FinFET chips.
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