Thursday, December 12, 2024
62.7 F
Peshawar

Where Information Sparks Brilliance

HomeBusinessTSMC tells vendors to delay chip equipment deliveries  - Reuters News Agency

TSMC tells vendors to delay chip equipment deliveries  – Reuters News Agency


Business & FinanceTechnology

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



Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

 

Recent Comments