Taiwan Semiconductor Manufacturing Company (TSMC) foresees a slow 2017. The foundry predicts a drop of up to 10% QoQ in Q1 revenue and is not optimistic about Q2. It foresees a decline in demand for everything except smartphones, which are expected to see growth of 6% in turnover this year. TSMC makes the A10 processor for Apple’s iPhone as well as SoCs for other handsets. It expects its chip business to expand between 5% and 10% in 2017. The company cited a reduction in 16nm chip demand combined with a delay in 10nm shipments for the slow start to the year, but said that it expects growth in 10nm and 7nm chips, with 10nm product providing more than 10% of revenue by Q3. TSMC also mentioned that it may adopt extreme ultraviolet (EUV) technology earlier than originally planned, possibly next year.
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