TSMC cites softening demand in PCs, smartphones, and other consumer segments.
On the smartphone and PC front, declining demand follows two years of lockdowns and remote work, a period when consumers were eager to upgrade or buy new gadgets that they would rely upon. Now that home offices are fully equipped, demand has disappeared. Another culprit of the chip supply shortage, crypto
mining, has imploded in recent months as crypto values continue their bottomless freefall. At the same time, geopolitical tension and soaring inflation are causing further uncertainty. TSMC isn’t the only company ringing the alarm bells: last month, Micron warned of decreasing demand for consumer products.
“Our suppliers have been facing greater challenges in supply chains, which are extending tool delivery times for both our advanced and mature nodes,” TSMC CEO C.C. Wei said.To be clear, the chip shortage is far from over. While inventory for the high-end chips found in modern consumer gadgets is increasing, demand in other market segments, including data centers and automotive, has remained steady.
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