TSMC , a Taiwanese technology company, one of Apple’s largest suppliers, announced last Thursday that it has invested $ 5 billion in extra money, citing users’ high demand for 5G-powered phones. The total investment of the company increased to $ 15 billion with this development.
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We The growth momentum of the 5G smartphone is stronger than we expected. We have good reasons to increase our capital this year and next year , TS said CC Wei, CEO of TSMC, Reuters. The fact that TSMC’s revenue from smartphones accounts for 45 percent of its total revenue is the reason behind the extra $ 5 billion investment decision.
In addition, Wei added that TSMC almost doubled its forecast for 5G smartphone demand in 2020. Although the CEO of TSMC did not give any percentage tranches, it can be said that he pronounced single digit numbers in his previous statements and this number would be double digit with his new prediction. It is also stated that this market will grow even more with the introduction of Apple 5G iPhone models in September.