With declining chip demand for consumer devices and new capacities gradually coming online, foundry houses could hardly sustain full utilization of their fab capacities, but it is GlobalFoundries (GF) and China’s SMIC that may bear the brunt of the impacts as they can no longer benefit from a spillover of orders from their peers in Taiwan, according to industry sources.

Taiwan-based Foxconn delegation visited India to discuss investment plans, and Ola decided to focus more on its emerging EV business.

Samsung Electronics is investing big in the production of new-generation memory products such as DDR5 and PCIe 5.0 SSDs, benefiting Korea-based backend process equipment suppliers including Exicon and DI, according to Theelec.