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IPhone Orders Seen Making Broadcom Top Apple Beneficiary: Tech

Broadcom Corp. stands out as one of the biggest beneficiaries from orders from Apple Inc., whose need for parts that go into iPhones and iPads represents a bright spot for a semiconductor industry plagued by weak demand.

Taiwan Semiconductor Manufacturing Co., Broadcom’s biggest supplier, last week said third-quarter sales would exceed earlier forecasts because of rush orders from an unnamed customer. Other large Taiwan Semiconductor clients have disclosed disappointing results, suggesting that the customer was probably Broadcom, rushing to meet demand from Apple, according to a supply-chain analysis by Bloomberg.