Contract chipmaker Chartered Semiconductor Manufacturing Ltd said on October 19 that it swung to a quarterly net profit as strength in the computer market offset weakness in consumer and communications products.
Singapore-based Chartered posted net profit of $24.4 million, or 9 cents per diluted American Depositary Share (ADS), for the July-September quarter, versus a net loss of $34.5 million, or 14 cents per ADS, in the year-ago period.