TSMC will renegotiate prices with wafer suppliers.

Taiwan Semiconductor Manufacturing Company (TSMC) has revealed its intention to renegotiate prices with its suppliers of silicon wafers in order to reduce the costs of manufacturing the smelter.

Shares of silicon wafer companies based in Taiwan, including GlobalWafers, Formosa Sumco Technology (FST) and Wafer Works, were reduced on the current stock exchange.

TSMC at its investor meeting on January 17 gave its forecast for revenue growth for the first quarter and all of 2019, citing unfavorable macroeconomic conditions and slow smartphone demand. The company also expressed pessimism about the overall growth of the semiconductor and foundry market this year.