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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

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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.

Beijing

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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