Nikkei: TSMC says demand for smartphones and laptops is starting to slow

On March 30, Nikkei Asia reported that TSMC Chairman Liu Deyin said on Wednesday that demand for consumer electronics showed signs of slowing due to geopolitical uncertainties and China's epidemic-related blockades.

Liu Deyin said, "Demand is slowing in areas such as smartphones, laptops and TVs, especially in China, the largest consumer market," the report said.

As Apple's main supplier, TSMC is not only the world's largest chip foundry, but also a barometer of global demand for electronic products.

Liu also stressed that the cost of components and raw materials is rising sharply, which in turn pushes up the production costs of technology and chip companies. "But this cost pressure may eventually be passed on to consumers.