Are we seeing demand for the Apple iPhone 12 series shrink, or is it something else?
Utilization rate of TSMC’s 5nm manufacturing capacity has been shrinking
TF International says that even if the lower 5nm utilization rate leads to a decline in Q2 iPhone shipments to 45 million (down from 51 million), it would still result in year-over-year growth in shipments of 25%. A new survey of the iPhone supply-chain by TF International reveals that first quarter shipments from suppliers will be up 3% to 5% on an annual basis.
As for TSMC, the decline in 5nm utilization should not have a huge effect on the foundry. That’s because as of October, only 8% of the company’s wafer revenue is based on orders of 5nm components.