Taiwan wafer foundry TSMC expects short-term impact from US ban on China’s Huawei
- TSMC in January forecast 2019 revenue would grow about 1 to 3 per cent
Washington’s move to ban US companies from doing business with China’s Huawei Technologies will have a short-term impact on wafer foundry Taiwan Semiconductor Manufacturing Co (TSMC), its chairman said on Wednesday, although he was upbeat on the outlook for this year.
TSMC previously said shipments to Huawei were not affected by US action aimed at curbing the telecoms equipment maker’s access to American technology, and that it would continue to be a supplier to Huawei.
“It certainly will have some impact in the short term,” TSMC chairman Mark Liu told reporters at the company’s annual general meeting in the technology hub of Hsinchu, southwest of Taipei.
“When there’s no Android system in a smartphone, many people might have doubts on whether the market will accept it,” he said.
Reuters reported last month that Google had suspended business with Huawei, China’s biggest smartphone company. That means Huawei would lose access to updates of Google’s Android operating system for its smartphones.