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Taiwan Semiconductor tells suppliers to delay chip equipment deliveries

September 15, 2023
Source: seekingalpha.com seekingalpha.com
News Snapshot:
Taiwan Semiconductor Manufacturing Company (NYSE:TSM) has said to its suppliers to delay the delivery of high-end chipmaking equipment, amid growing concerns about customer demand, Reuters reported citing people with knowledge of the matter. The directive by TSM, which is already facing delays at its $40B chip plant in Arizona, is aimed at controlling costs and reflects the contract chipmaker's caution about the outlook for demand. However, the suppliers anticipate the delay to be short-term, according to the report added. TSM refeered the news outlet to CEO C.C. Wei comments from July, that weaker economic conditions, slower recovery in China and...
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