TSMC still expected to post growth in 2021 despite Huawei issues

Despite being forced to drop Huawei as a client due to the trade war between the US and China, Taiwanese foundry TSMC still has a bright outlook. KitGuru reports the foundry is expected to post year-over-year revenue growth of 6 percent in 2021. Roughly 14 percent of TSMC's revenue came from sales to Huawei's HiSilicon unit in 2019 and this is now expected to drop to $0 in 2021 if there's no favorable deal.

The article also contains an interesting chart from Credit Suisse. This is data I haven't seen before, a list of estimates of TSMC's biggest clients. It's well-known that Apple is one of TSMC's biggest clients and it's really interesting to see how Apple towers over everyone else. Apple is estimated to account for 22.7 percent of TSMC's revenue this year, making it over twice as large as the second-biggest client. Qualcomm is ranked second with 9.6 percent, followed by Huawei's HiSilicon at 8.9 percent.

AMD and NVIDIA are relatively smaller clients at TSMC. The former is expected to account for about 7.8 percent of TSMC's 2020 revenue, while NVIDIA is anticipated to account for 6.1 percent.