(AP) — Taiwan Semiconductor Manufacturing Co., the world's largest contract chip maker, says its second quarter profit rose 16 percent year-on-year and predicted continuing strong growth in the third quarter.
The company said Thursday its second quarter net profit was New Taiwan dollars 41.81 billion ($1.4 billion) on revenue of NT$128.06 billion.
TSMC supplies chips for use in gadgets including Apple's iPhones and iPads.
The company said that sales of its advanced technologies — 28-nanometer, 40-nanometer and 65-nanometer — accounted for 61 percent of total wafer revenues, and that shipments of the cutting edge 28-nanometer chip are expected to double in the third quarter.
Smartphones and tablet computers are the main drivers of demand for advanced chips.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
