Chip Manufacturers’ Order Books Still ‘Very Full’, Taiwan’s Economy Minister Says

Order books for each mature and superior semiconductor nodes for Taiwanese chip corporations are nonetheless very full, Economic system Minister Wang Mei-hua stated on Wednesday, amid considerations a few slowdown in tech-related demand.

A considerably weaker-than-expected enterprise outlook by memory-chip agency Micron Expertise final Thursday raised concern that, following almost two years of sturdy demand, the business was turning in direction of a down cycle. That helped to drive down some world tech shares.

Talking to reporters in Taipei, Wang stated Taiwan’s chip business was a world chief.

“Their orders in the intervening time are nonetheless very full,” she stated, referring to each mature and superior semiconductor chips.

“It appears like in the intervening time the enterprise is agency for Taiwan’s semiconductor business.”

Taiwan’s chip corporations have benefited from a worldwide scarcity of semiconductors, which has stored their factories working at capability and pushed new enlargement plans.

Earlier on Wednesday, chip maker United Microelectronics, whose shoppers embrace Qualcomm and Germany’s Infineon, reported that June gross sales soared 43.2 % on the yr, with first-half gross sales leaping 38.2 % year-on-year.

Taiwan’s Foxconn, the world’s largest contract electronics maker, raised its full-year enterprise outlook on Monday, reflecting sturdy gross sales of smartphones and servers, regardless of considerations about slowing demand because of rising inflation.

Taiwan Semiconductor Manufacturing Firm (TSMC), the world’s largest contract chipmaker and Asia’s most dear listed firm, will report its second-quarter earnings late subsequent week.

© Thomson Reuters 2022

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