Taiwan Semiconductor Manufacturing Company (TSMC) is expected to post nearly 20% sequential growth in third-quarter revenues, as shipments for Apple's A10 processors will kick off soon, according to a report by Taiwan's Central News Agency (CNA).

Rising chip orders for Android phones, as well as orders for graphics processors and virtual reality (VR) solutions, will also boost revenues at TSMC during the third quarter, the report quoted market watchers as saying.

TSMC closed at NT$159 (US$4.93) on the Taiwan Stock Exchange (TSE) on June 29, up NT$2 or 1.3%.

By: DocMemory
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