TSMC Faces Chip Crunch Amid 5G Demand: CEO

Chipmakers are challenged by “short-term imbalances due to interruptions in the supply chain brought on by COVID-19,” said Taiwan Semiconductor Manufacturing Co. CEO C.C. Wei on a quarterly call Thursday. “We also continue to observe the structural increase in long-term demand” fueled by the “industry megatrends” of 5G and high-performance computing (HPC), plus the “higher silicon content in many end devices,” he said. Quarterly revenue in TSMC’s largest end-market segment, smartphones, increased to account for 44% of the total. See here for Q3 materials.