TSMC CEO has some huge claims regarding low smartphone demands

According to TSMC Chairman Mark Liu, demand for consumer electronics such as cellphones and PCs is declining due to persistent geopolitical uncertainty and further COVID-related lockdowns in China. It’s worth noting that TSMC is the most prominent supplier of Apple.

“Everyone in the industry is worried about rising costs across the overall supply chain… The semiconductor industry already and directly experienced that cost increase,” Liu said, adding that the industry is also concerned about macroeconomic uncertainties this year.

TSMC is not modifying its growth plans, according to Liu, and it is still unable to meet customer demand with its present capacity. TSMC intends to rearrange and prioritize orders for “areas where demand is still strong.”

In the wake of reports that Apple is intending to reduce iPhone SE production, signs of a drop in customer demand surfaced this week. Apple purportedly told suppliers just weeks after the iPhone SE’s release that it plans to reduce iPhone SE manufacturing by as much as two to three million units due to “weaker-than-expected demand,” while other suppliers have denied this claim.

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