TSMC: Demand for smartphones is declining

TSMC, which supplies semiconductors to major technology companies including Apple, Nvidia and AMD, reported that long-standing smartphone demand has slowed.

Costs increase while demand decreases

According to the news shared by Nikkei, TSMC President Mark Liu said that the demand for consumer electronics such as smartphones and computers has decreased due to the ongoing geopolitical uncertainties in the world and the COVID-related quarantines in China. , said that TSMC did not change its growth targets and that they could not meet the demand of customers with the current capacity.

“Everyone in the industry is concerned about rising costs in the entire supply chain… The semiconductor industry has already and directly experienced this cost increase,” Liu said, warning of rising component and material costs while interest is declining. He added that he was also concerned.

However, recently, claims that Apple, one of TSMC’s most important customers, will reduce the production of the device due to the low demand for the iPhone SE 3 model. No official information has been shared by Apple yet, but we can say that TSMC’s new statements confirm the claims.