TSMC to withdraw GaN semiconductor business in 2 years

Taipei [Taiwan], July 4 (ANI): Taiwan Semiconductor Manufacturing Co. (TSMC) has decided to phase out its GaN (Gallium nitride) semiconductor business in two years, a move analysts said was due to competition from China, which has eroded the product’s profit margin, Focus Taiwan reported.

In a statement Thursday, TSMC, the world’s largest contract chipmaker, said the decision was made after a comprehensive evaluation that took into account its long-term development strategies and market conditions, the news report said.