Taiwan Semiconductor Manufacturing Co. (TSMC) on Thursday reported higher second-quarter sales than it had forecast, mainly attributed to solid demand for mobile devices.
For the April-June period, TSMC posted NT$183.02 billion (US$6.12 billion) in consolidated sales, up 23.48 percent from the previous quarter and above its projected NT$180 billion to NT$183 billion.
During the period, TSMC was at full capacity for production of the advanced 28 nanometer process in the second quarter, which helped drive its sales growth.
TSMC said it will benefit in the second half of the year from higher shipments of chips on the 20nm process, which are expected to make up 10 percent of its total sales in the third quarter and 20 percent in the fourth quarter.
The chip maker kicked off commercial production of chips on the 20nm process in January and Apple's new A8 processor is expected to be among the chips that will take advantage of the new process.