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TSMC warns of deepening chip slump as AI boom fails to offset economic woes
- mydriasis 3y agohttps://archive.is/mhXUL https://archive.is/mhXUL > The recovery of the Chinese economy is weaker than we thought, so end-market demand is not as we expected,” said CC Wei, chief executive. “Although we have very good AI end-market demand, it is not enough to offset [that weakness].” Ahh -- so this is linked to demand in _China_ not being as high as was expected, I see. The article goes on to say that the demand for smartphones and automotive chips ( "luxury" items, perhaps, in a time of shrinkage over there ) to lessen.