TSMC says demand remains resilient BATTLE OVER? TSMC’s Morris Chang and UMC founder Robert Tsao shook hands at an event at the Hsinchu Science Park, indicating a thaw in the two men’s feud By Lisa Wang Customer demand would remain resilient through the first half of next year, Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) said yesterday, denying speculation that orders would be cut due to overbuilt inventory. The Hsinchu-based chipmaker said that US-China trade disputes and the COVID-19 pandemic have changed semiconductor supply chains and redefined overbooking, or double booking. Building higher inventory has “become a new norm for supply chains,” TSMC chairman Mark Liu (劉德音) told reporters on the sidelines of an international forum celebrating 40th anniversary of the Hsinchu Science Park (新竹科學園區), when asked about growing concern among investors over inventory corrections.