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/ TSMC changes its forecast for 2020 due to COVID-19
TSMC changes its forecast for 2020 due to COVID-19
TSMC's forecast at the beginning of this year looked pretty promising with estimated 8% market growth excluding the memory chip sector. But during yesterday's investors conference, the company lowered its foundry market growth forecast to somewhere between 7 and 13%, down from 17%. TSMC was forced to adopt "a more conservative view of 2020" due to the decreasing demand of mobile devices from the end consumer due to the COVID-19 outbreak. The company expects this to be an issue for months to come. Market analysts cite 7-9% worldwide market decrease in smartphone sales throughout the...
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