TSMC gives low-growth warning for 2019

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CC Wei, CEO of TSMC, gave the company's customary full year outlook while speaking at the company's conference to discuss its fourth quarter results.

eenewseurope.com, Jan. 28, 2019 – 

Wei was taking over a task that had previously been performed by the much-respected Morris Chang in his role as chairman of TSMC, prior to his retirement in 2018.

TSMC forecasts a slow-down in global gross domestic product (GDP) from 3.2 percent in 2018 to 2.6 percent in 2019 due to weakening macroeleconomic conditions and this will in turn lead to underlying low growth for the semiconductor industry because of its strong coupling to consumer activity.

"For the full year of 2019, we forecast the overall semiconductor market excluding memory will grow 1 percent while foundry growth will be flat," said Wei. Traditionally TSMC has always forecast that it can out-perform its peers in the foundry sector and Wei remained consistent with that saying TSMC's business will grow "slightly" in 2019

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