Taiwan chip giant TSMC cuts global smartphone outlook, sees weaker high-end demand

  • TECH
  • Thursday, 14 Jul 2016

Good forecast: Taiwan Semiconductor Manufacturing Co expects a third-quarter pick-up as customers stock up on chips for new launches in time for the year-end holiday season. — Reuters

TAIPEI: Taiwan Semiconductor Manufacturing Co (TSMC), the world's largest contract chipmaker and an Apple Inc supplier, cut its estimate for 2016 global smartphone shipments for the second time this year as slowing demand for high-end handsets gnaws away at a major driver of tech sector growth.

The lowered smartphone growth forecast came as TSMC, an industry bellwether, said it would raise capital spending this year in a bet on next-generation chips, comforted by hopes for a traditional third-quarter pickup as customers stock up on chips for new launches in time for the year-end holiday season.

Limited time offer:
Just RM5 per month.

Monthly Plan


Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Tesla cuts US prices of Models Y, X, S by $2,000
Why entrepreneurs need to consider increasing their digital security
Tesla's Elon Musk postpones India trip, aims to visit this year
Report: AI is smarter than a person, sometimes
Scientists develop ‘intelligent’ liquid with programmable response
Restaurants are putting digital detox on the menu with smartphone-free dining
To stand out in the job market, get to grips with ChatGPT
Amazon ad exec Aubrey steps aside for new role
Stablecoin Tether gets boost as dollar alternative in emerging markets, CEO says
Google scraps minimum wage, benefits rules for suppliers and staffing firms

Others Also Read