CUSTOMER INTEREST: The company said that dwindling demand for premium smartphones should not derail its growth plan for its 7-nanometer technology
Taipei Times
Date: Apr 20, 2018
By: Lisa Wang / Staff reporter
Contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) yesterday
From left, TSMC cochief executive officers C.C. Wei, Mark Liu, and the company’s chief financial officer Lora Ho are pictured at an investors’ conference in Taipei yesterday. Photo: Liao Chen-huei, Taipei Times
trimmed its revenue growth forecast for this year to about 10 percent, citing a downward trend in high-end smartphone demand and volatile cryptocurrency mining activities.
The Hsinchu-based company in January estimated that revenue would rise by between 10 and 15 percent this year and said it aims for annual growth of 5 to 10 percent through 2010.
“China’s market is starting to pick up slowly in the smartphone segment, but high-end smartphone demand is still soft,” TSMC cochief executive officer C.C. Wei (魏哲家) said at an investors’ conference in Taipei.
However, dwindling demand for premium smartphones would not derail TSMC’s growth plan for its 7-nanometer (nm) technology, Wei said, adding that it is the most advanced chip manufacturing technology available. [FULL STORY]
