“Moving into the fourth quarter, we expect our growth in revenue to be supported by strong demand for our industry-leading 5-nanometer technology driven by 5G smartphone launches and HPC-related applications,” TSMC chief executive officer C.C. This quarter, revenue would grow mildly to between US$12.4 billion and US$12.7 billion, representing growth of between 2.14 and 4.61 percent from US$12.14 billion last quarter, TSMC said. TSMC said that Huawei Technologies Co (華為) would not contribute to its revenue this quarter, as it stopped shipping chips to the Chinese company on Sept. 15. Asked by an investor whether Washington’s export restrictions on Semiconductor Manufacturing International Co (中芯國際), China’s biggest foundry, would provide a boon for TSMC, Wei said the company is evaluating the impact. The chipmaker also adjusted upward its worldwide revenue forecast for the semiconductor industry to a 5 percent annual growth, rather than a slight increase.

Source: Taipei Times October 15, 2020 15:56 UTC