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TSMC’s Chang Says Weakening Economy Will Affect Chip Market

Taiwan Semiconductor Manufacturing Co. Chairman and Chief Executive Officer Morris Chang said his customers’ confidence in the global economy has weakened.

A weakening global economy will impact the chip market, Chang said in Taipei without providing data. TSMC hasn’t revised its forecasts and will update investors next month, he said.

To contact the reporter on this story: Tim Culpan in Taipei at tculpan1@bloomberg.net

To contact the editor responsible for this story: Suresh Seshadri at sseshadri1@bloomberg.net

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