Apple supplier TSMC warns of slowing consumer demand and higher prices

By news@appleinsider.com (Mike Peterson) Demand for consumer electronics is appearing to slow amid geopolitical and pandemic uncertainties, and TSMC’s chairman says that rising costs of components could be passed on to consumers.TSMC facilityMark Liu, the chairman of key Apple supplier Taiwan Semiconductor Manufacturing Co. (TSMC), made the comments at an industry event Wednesday. The slowdown in demand is emerging in areas like “smartphones, PCs, and TVs, especially in China, the biggest consumer market.” …

Source:: Apple Insider