(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.
Explore further: Jury says Silicon Valley firm did not discriminate (Update)