The wafer foundry has breached a long-term contract, and the demand for silicon wafers may also cool down (photographed by reporter Hong Youfang)
[Reporter Hong Youfang / Hsinchu Report]Wafer foundry LSMC (6770) admitted last week that the capacity utilization rate in the third quarter will drop by 5% to 10%, and customers who have signed long-term contracts have already breached the contract and refused to take the goods. The situation shows the pressure of inventory adjustment; LiSMC also signed contracts with upstream silicon wafer suppliers as high as 70%, and 30% did not sign contracts. Demand for silicon wafers will also decline.
PSMC mainly focuses on mature manufacturing processes for consumer products, and its operations are the first to bear the brunt of recent changes in market conditions. The company pointed out at last week’s press conference that due to inventory adjustments of driver ICs, CMOS image sensors (CIS) and niche DRAM clients in the second half of the year, it is estimated that the capacity utilization rate in the third quarter will drop by about 5%-10%. It is unknown when the economy will bottom out in the fourth quarter or the first half of next year, but it is determined that the business will slow down in the second half of the year, and price changes will also affect the gross profit margin.
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RSMC also said that it is still unknown when the economy will bottom out in the fourth quarter or the first half of next year. It depends on the development trend of inflation. The company has determined that its business will slow down in the second half of the year. At present, the driver IC customers who have signed long-term contracts have also defaulted. Would rather pay liquidated damages than take the goods, because of the pressure of inventory adjustment. RSMC pointed out that the company signed long-term contracts with customers, and also signed long-term contracts with upstream silicon wafer suppliers as high as 70%, and 30% did not sign contracts. , the demand for silicon wafers will also decline, and signing long-term contracts is not necessarily a guarantee of operation.
Affected by the law that it will be negative, the stock price opened lower and lower today, opening at 38.55 yuan, the lowest intraday price of 38.05 yuan, down 2 yuan from the previous trading day.
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