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...
Source: https://www.gsmarena.com/tsmc_changes_its_forecast_for_2020_due_to_covid19-news-42732.php
