Expanding US/EU foundry capacity “unrealistic” says TSMC chairman

It would be “economically unrealistic” for the US and Europe to build local foundry capacity for local demand, says TSMC chairman Mark Liu, the result of doing so would be to establish “non-profitable capacity,” adds Liu.

Liu says TSMC has enough capacity to supply the rising demand for AI and 5G chips which is one of the factors driving overall demand,

The other two factors – the trade war and the pandemic – are abnormal factors creating uncertainty and changes to the supply chain leading to double-ordering.

TSMC, said Liu, can tell which orders are for current use and which are for extra inventory.

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TSMC (TWSE: 2330, NYSE: TSM) , on Mar 30 2021, announced its net revenues for February 2021: On a consolidated basis, revenues for February 2021 were approximately NT$106.53 billion, a decrease of 15.9 percent from January 2021 and an increase of 14.1 percent from February 2020. Revenues for January through February 2021 totaled NT$233.28 billion, an increase of 18.4 percent compared to the same period in 2020.