TAIPEI -- Taiwan Semiconductor Manufacturing Co. on Thursday confirmed it has suspended processing new orders from key customer Huawei Technologies to comply with U.S. export regulations, but said it can still achieve more than 20% revenue growth this year thanks to strong demand for 5G smartphones, infrastructure and high-performance computing applications.
Huawei crackdown
TSMC plans to halt chip supplies to Huawei in 2 months
Chip titan says 5G demand will fuel growth despite US export ban and pandemic
TSMC has faced a number of challenges in recent months, including a crackdown on key customer Huawei. © EPA/Jiji
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