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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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Published Thu, Oct 19, 2017 · 09:50 PM

    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 smartphone demand globally.

    TSMCApple

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