Smartphone addiction

1 September 2015 By Robyn Mak Follow @mak_robyn

TSMC faces tepid global demand and a slowdown in China, the world’s largest smartphone market. The $100 billion group is also losing market share to rival Samsung. The problems facing Taiwan’s largest company are shared by the island’s tech- and export-dependent economy.

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Global smartphone shipments are expected to increase 10.4 percent year on year to 1.44 billion units this year, according to data from IDC released on Aug. 25.

Shipments in China, the largest smartphone market in the world, are expected to increase just 1.2 percent year on year in 2015, compared with 19.7 percent in 2014.

Taiwan Semiconductor Manufacturing Company, the world’s largest contract chip maker, reported revenue of NT$205.4 billion ($6.67 billion) in the second quarter of 2015, a 7.5 percent decline from the previous three months.

Taiwan revised down its GDP growth for 2015 from 3.28 percent to 1.56 percent on Aug. 14. Exports are expected to fall 7.1 percent year on year, the worst contraction since 2009.

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