Taiwan Semiconductor Downplays Impact of US-Huawei Clash

Taiwan Semiconductor Manufacturing (TSM) expects a short-term impact from the US government’s move to blacklist Chinese telecommunication equipment maker Huawei Technologies but the chip maker maintains upbeat for the year, Reuters reported Wednesday.

The semiconductor manufacturer had previously clarified that its shipments from Huawei were not affected by the impending ban and that it is keen on maintaining its business ties with the Chinese firm.

“It certainly will have some impact in the short term,” Taiwan Semiconductor Chairman Mark Liu told reporters at a shareholder event. “When there’s no Android system in a smartphone, many people might have doubts on whether the market will accept it,” he said.

Liu also said his company is maintaining its profit outlook for 2019, with a possible recovery in the second half thanks to demand for 5G telecoms infrastructure and the launching of new smartphones, according to the Reuters report.

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