Niching Industrial, which distributes IC packaging materials, is expected to see its profits hit a record high in 2022 despite falling demand for display driver ICs, according to market sources.

Pure-play foundry Vanguard International Semiconductor (VIS) expects to post a 13-16% sequential decline in third-quarter revenue, and has revised downward its capex outlook this year to NT$23 billion (US$766 million) from the NT$24 billion set previously.

Late evening on August 2, Nancy Pelosi, speaker of the US House of Representatives, landed in Taipei, Taiwan, marking the most geopolitically charged chapter of her ongoing Asia tour.