| | | TSMC cuts market outlook for 2020
Monica Chen, Hsinchu; Jessie Shen, DIGITIMES
Friday 17 April 2020
TSMC has revised downward its global semiconductor market outlook this year to flat growth or a slight decrease, compared to the 8% increase estimated in January. The outlook excludes the memory chip sector.
At its April 16 investors conference, TSMC cut its foundry market growth forecast to 7-13% from 17%. Commenting on the second half of 2020, company CEO CC Wei said that "we adopt a more conservative view as we expect COVID-19 to continue to bring some level of disruption to the end market demand."
The coronavirus pandemic will drag down unit smartphone shipments worldwide by 7-9% in 2020, Wei continued. However, with vendors aggressively promoting their 5G models and services, TSMC has maintained its 5G smartphone penetration rate forecast this year at 15%.
"We believe 5G as a multiyear megatrend is still strong and will fuel the growth of all four of our growth platforms in the next several years," Wei said. TSMC has constructed four different technology platforms for four major markets four major markets, namely mobile, high performance computing, automotive electronics and the Internet of Things (IoT).
TSMC will still outperform the foundry and overall semiconductor market averages in 2020, Wei noted. The foundry also revised its sales growth estimate (in US dollar term) this year to between 14% and 19%.
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