Order books for each mature and superior semiconductor nodes for Taiwanese chip companies are nonetheless very full, Economic system Minister Wang Mei-hua mentioned on Wednesday, amid considerations a couple of slowdown in tech-related demand.
A considerably weaker-than-expected enterprise outlook by memory-chip agency Micron Know-how final Thursday raised concern that, following almost two years of sturdy demand, the trade was turning in the direction of a down cycle. That helped to drive down some world tech shares.
Talking to reporters in Taipei, Wang mentioned Taiwan’s chip trade was a world chief.
“Their orders in the intervening time are nonetheless very full,” she mentioned, referring to each mature and superior semiconductor chips.
“It seems to be like in the intervening time the enterprise is agency for Taiwan’s semiconductor trade.”
Taiwan’s chip companies have benefited from a world scarcity of semiconductors, which has saved their factories working at capability and pushed new growth plans.
Earlier on Wednesday, chip maker United Microelectronics, whose purchasers embrace Qualcomm and Germany’s Infineon, reported that June gross sales soared 43.2 p.c on the 12 months, with first-half gross sales leaping 38.2 p.c 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 as a result of rising inflation.
Taiwan Semiconductor Manufacturing Firm (TSMC), the world’s largest contract chipmaker and Asia’s most useful listed firm, will report its second-quarter earnings late subsequent week.
© Thomson Reuters 2022