TSMC Expects First-Half Smartphone Slump

Alan Patterson, EETimes
4/14/2017 09:01 AM EDT

TAIPEI — Taiwan Semiconductor Manufacturing Co. (TSMC), the largest foundry for customers in the smartphone business including Apple and MediaTek, says it is expecting an inventory correction in smartphones to continue through the first half of this year.

“Fabless days of inventory (DOI) are still high. Our second-quarter guidance reflects a severe inventory adjustment in the smartphone and PC markets,” TSMC Co-CEO Mark Liu said at an event in Taipei to announce the company’s first-quarter results. “Fabless DOI should return to normal around the end of the second quarter this year.”

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