TSMC expects to  outperform both the semiconductor and the foundry industry with growth of 14-19% this year.

Smartphone units are expected to be down 7-9% this year and 5G phones will take 15% of the market.

“We believe 5G as a multiyear megatrend is still strong and will fuel the growth of all four of our growth platforms in the next several years,” says TSMC CEO CC Wei.

TSMC’s  four growth platforms are mobile, HPC, IoT and automotive.