The impacts of the coronavirus pandemic on the globaal smartphone market have prompted TSMC to revise dowanrd its growth outlook for 2020, but it expects to still outperform the global semiconductor and foundry averages. The foundry also has maintained that its 3nm process development remains on track, with risk production to start next year. Despite the grim outlook for the smartphone market, Apple's freshly-launched second-generation iPhone SE is expected to give a boost to its asssembler, Pegatron.
TSMC cuts market outlook for 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.
TSMC 3nm process development remains on track: TSMC has disclosed that its 3nm technology development remains on track, with risk production scheduled for 2021 followed by volume production in the second half of 2022.
Pegatron 2Q20 revenues to be boosted by new iPhone SE: With Apple's new iPhone SE set to hit the store shelves soon, the smartphone's major maker Pegatron is expected to see its second-quarter revenues climb substantially, according to industry sources.
