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TSMC foresees double-digit sales growth as iPhone X hits shelves

The Taiwanese firm is one of the world's most cost-effective chip producers and has steadily gained market share

TSMC is racing to meet the future demand it anticipates from computers and connected devices in the so-called Internet of Things, from cars to home appliances and voice-activated speakers. The company spends US$10 billion annually to stay abreast of its rivals.


TAIWAN Semiconductor Manufacturing Co (TSMC) forecast 11 to 12 per cent growth in revenue in the holiday quarter, when Apple Inc's much-anticipated iPhone X goes on sale.

TSMC's technological edge and its role as the main chip supplier to Apple are helping it weather poor

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