Taiwanese semiconductor company TSMC says it realized combined operating revenue of about NTD260.41 billion as it announced its financial report for the third quarter of 2016 and performance expectations for the fourth quarter of 2016.

According to the financial report, TSMC realized combined operating revenue of about NTD260.41 billion, which was about CNY55.15 billion, and it represented a year-on-year increase of 22.5% and an increase of 17.4% compared with the previous quarter. TSMC's net profit after tax was about NTD96.706 billion, which was about CNY20.48 billion, and it represented a year-on-year increase of 28.4% and an increase of 33.4% compared with the previous quarter.

The company's net profit per share was NTD3.73, which was about CNY0.79.

TSMC pointed out that during the third quarter of 2016, its shipment of 16/20 nanometer processors accounted for 31% of the company's total wafer sales; while its shipment of 28 nanometer processors accounted for 24% of the company's total wafer sales.

Overall, operating revenue of advanced processors, including 28 nanometer processors and more advanced processors, accounted for 55% of its total sales in the reporting period.

Promoted by the strong demand within the smartphone sector, TSMC expects to have better performances in the fourth quarter of 2016. They predicted that their operating revenue will reach between NTD255 billion and NTD258 billion.