SummaryCompanies Wafer demand 'uncertain' in Q3UMC says gearing up to meet AI demandQ2 revenue -21.9% y/y, +3.8% q/q2023 capex guidance unchanged at $3 blnTAIPEI, July 26 (Reuters) - Taiwanese chipmaker United Microelectronics Corp (UMC) said on Wednesday that it sees "uncertain" demand in the third quarter but stuck to its 2023 capital spending plans as its gears up to meet customer demand for artificial intelligence (AI).
The semiconductor industry has come under pressure as global economic woes dent demand for chips used in everything from cars to cellphones.
"Looking into the third quarter, wafer demand outlook is uncertain given prolonged inventory correction in the supply chain," he added.
However, the company kept its guidance for capital spending this year at $3 billion, compared with $2.7 billion for last year.
"We are gearing up to offer the necessary silicon interposer technology and capacity to fulfil emerging AI market demand from customers," Wang said.
Persons:
TSMC, Jason Wang, Wang, UMC, Ben Blanchard, Christina Fincher
Organizations:
United Microelectronics Corp, chipmaker, Qualcomm Inc, Germany's Infineon, UMC's, Thomson
Locations:
TAIPEI, U.S, UMC's Taipei, Taiwan