Business & FinanceTechnology
15 September 2023, 2:09 pm 1 minute
Reuters exclusively reported that Taiwan’s TSMC (2330.TW) has told its major suppliers to delay the delivery of high-end chipmaking equipment, as the world’s top contract chipmaker grows increasingly nervous about customer demand.
Market Impact
Shares in TSMC suppliers including Dutch-based ASML (ASML.AS) declined following the Reuters report. The company referred Reuters to comments by CEO C.C. Wei in July that weaker economic conditions, a slower recovery in China and softer end-market demand is making customers more cautious and more mindful of controlling inventory. Shares in ASML declined 2.5%, making the company the biggest loser in the euro zone STOXXE50 (.STOXX50E) index. ASM International (ASMI.AS), a smaller equipment firm that is also a supplier to TSMC, fell 5.6%, with BE Semiconductor (BESI.AS), a packaging equipment firm, down 3.3%.
Article Tags
Topics of Interest: Business & FinanceTechnology
Type: Reuters Best
Sectors: Business & FinanceTechnology
Regions: Asia
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
