Mr. Ho said that under the changes, a company's dividends can be repatriated at the lower rate if its overseas parent is a listed company.
Sales were helped by strong demand from companies that tap TSMC to produce semiconductors used in mobile phones, competitiveness in 28-nanometer width manufacturing processes and favorable exchange rates, CFO Lora Ho said in a statement.
FORBES: Asia's 2012 Businessman Of The Year Leads TSMC To 1st-Qtr Gains; Stock Rises 5% - Forbes
The company also is developing four-wheel-drive technology that powers two wheels with an internal combustion engine and two with an electric motor, eliminating the need for a drive train that takes up floor space, Ho said.
Mr. Ho also said many companies have struggled to take advantage of the lower tax rate, which was introduced in 2008.
Ho also said the second quarter also looks promising for TSMC.
FORBES: Asia's 2012 Businessman Of The Year Leads TSMC To 1st-Qtr Gains; Stock Rises 5% - Forbes
Stanley Ho Hung Sun said one thing, and then appeared to do something completely different just a few hours later.
"This is about power for China, " said Ho.
WSJ: Guan Tianlang: A Schoolboy Steals Day One of the Masters
"We are selling vehicles that have extensive technologies, " said Isbrand Ho, BYD's director of export sales.
"One chip, one putt, that's his game, " said John Ho, an owner of Guan's home course in Guangzhou, Lion Lake Country Club.
WSJ: Guan Tianlang: A Schoolboy Steals Day One of the Masters
"There is no reason or need to give up on dialogue at this point, " said Cheon Ho-sun, a spokesman for South Korea's president.
"The South Korean government is closely monitoring the situation and preparing for all contingencies, " said Kim Ho-nyun, a South Korean Unification Ministry spokesman.
"In the recent past, we enabled an entire eReader market with our electronic paper, " said Felix Ho, Vice Chairman of E Ink Holdings.
ENGADGET: E Ink acquires SiPix, may dominate e-paper universe
"Lenovo's going to definitely survive and do well in the long run, " said Joseph Ho, an analyst at Daiwa Securities in Hong Kong.
The changes were issued by China's tax authority on Friday and took effect June 29, said Khoonming Ho, a partner in charge of tax for China and Hong Kong for KPMG.
"LTE is the future of mobile communications, and faster data networks will become a key area of differentiation for consumers when choosing their mobile devices, " said Kevin Ho, President of the Handset Product Line of Huawei Device.
ENGADGET: Huawei Ascend P1 LTE named as EE exclusive in UK, other markets to follow
The downbeat reports were tempered by expectations the European Central Bank will either lower interest rates or expand financial support for the 17-country euro area at its meeting Thursday, said Lim Ho-sang, a Seoul-based economist at Samsung Futures.
Hun Sen said he regretted the shooting death of Ho Sok, a prominent Ranariddh supporter, and said he has ordered an investigation into the killing, which one reliable source said was carried out by executioners loyal to Hun Sen.
Macau Chief Executive-designate Edmund Ho (no relation) has said other companies may be allowed to operate casinos when the franchise expires.
CNN: ASIANOW - Asiaweek | Daily Briefing: Holiday Hiatus? Hardly
"We were all gung ho, and we thought everyone would come along, " said health director Robin Chapell.
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