TSMC cuts revenue growth forecast

COST-GAP CHALLENGE: The company said that it is evaluating its US plans, with a requirement being ‘if we do a US fab, it has to be a leading-edge fab,’ or close to it

Taipei Times
Date: Apr 17, 2020
By: Lisa Wang / Staff reporter

Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday cut its revenue growth forecast for this year as the COVID-19 pandemic is dampening demand for 5G smartphones and other consumer electronics, although it held US$15 billion to US$16 billion in capital spending for this year.

The supplier of chips for iPhones said that it is continuing to invest in advanced 7-nanometer (nm), 5nm and 3nm technology, as 5G deployments and high-performance-computing-related applications are expected to drive growth for next several years.

It said it plans to start volume production of 3nm technology in 2022 at its fab in Tainan, which would make TSMC the first contract chipmaker to offer the technology.

The company is also “evaluating its US fab plan,” TSMC chairman Mark Liu (劉德音) said in response to an investor’s question.     [FULL  STORY]

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