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Taiwan economy minister: Order books for chip firms still very full

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Taiwan economy minister: Order books for chip firms still very full

TAIPEI (Reuters) -Order books for each mature and superior semiconductor nodes for Taiwanese chip firms are still very full, Economy Minister Wang Mei-hua stated on Wednesday, amid issues a couple of slowdown in tech-related demand.

A considerably weaker-than-expected enterprise outlook by memory-chip agency Micron Technology Inc 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.

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

“Their orders for the time being are still very full,” she stated, referring to each mature and superior semiconductor chips.

“It seems to be like for the time being the enterprise is agency for Taiwan’s semiconductor trade.”

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

Earlier on Wednesday, chip maker United Microelectronics Corp, whose purchasers embrace Qualcomm Inc 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 issues about slowing demand on account of rising inflation.

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

(Reporting by Ben Blanchard and Yimou Lee; Editing by Andrew Heavens and Edmund Klamann)



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