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

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’s motherboard vendors including Asustek Computer and Gigabyte Technology have sharply revised downward their shipment goals for 2022 as they can hardly bundle sales of motherboards with graphic cards that are already returning to market equilibrium, in addition to demand shrinkages in China’s DIY PC market, according to industry sources.