Taiwan Semiconductor Manufacturing Co. (TSMC) is reportedly seeing reduced smartphone application processor orders from major clients MediaTek and Qualcomm. Soaring memory prices are driving these cuts, creating a ripple effect across the global supply chain.
Smartphone manufacturers have responded to rising costs by lowering their shipment targets for 2026. This development signals a slowdown in the consumer electronics market, directly impacting TSMC's wafer demand. The chipmaker continues to navigate these market shifts alongside ongoing geopolitical tensions and increased global competition.