News Snapshot:
The head of an industry-leading semiconductor manufacturing company says consumer demand for personal electronics is waning while production costs are on the rise. Taiwan Semiconductor Manufacturing Co. (TSMC) Chairman Mark Liu gave comments on March 30 that consumer demand for televisions, smartphones, and personal computers are down “especially in China,” according to Nikkei Asia . Liu also remarked that production costs are up amid the global trend of inflation, but implied that although the hit to citizens’ pocketbooks had not yet arrived, but “could eventually be passed on to consumers.” But the Chairman noted that outside of the retail market,...
