Apple chipmaker TSMC eyes China production expansion

By Michael Gold TAIPEI (Reuters) - Apple Inc chip supplier TSMC reported record net profit on Thursday and said the proliferation of low-priced, chip-hungry smartphones in China could see the company expand production in the world's biggest handset market. Taiwan Semiconductor Manufacturing Co Ltd (TSMC), whose chips company watchers say power Apple's iPhones, would be following compatriot peer United Microelectronics Corp which last month said it would build more plants in the country