From Breakingviews: TSMC's quarterly earnings are set to fall 5%, but Beijing's retaliatory strategy against US chip sanctions is a bigger worry. Pressure on TSMC customers like Apple to shift orders to mainland suppliers would hurt, says mak_robyn
Beijing might pressure local and foreign companies selling to Chinese consumers to buy locally made components via formal or informal barriers to technology imports.
are aggressively expanding production of relatively mature technologies, like 28 nanometer chips and older. Such products may not be as profitable as the advanced chipsets that power the latest iPhones, but they still generated over 30% of TSMC's revenue last year.
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