Overview:
In Q1 2024, the foundry industry showed signs of recovery as earnings and guidance for Q2 aligned with expectations, marking the early stages of a cyclical rebound. Despite the cautious inventory management and sluggish end demand that characterized the market, there are optimistic indicators pointing towards an upturn in the second half of the year. Chinese foundries have experienced a notable recovery in utilization rates, driven by early inventory corrections among fabless customers, resulting in normalized inventory levels across Asian fabless vendors following extensive destocking.
Table of Contents:
- Foundry Market Overview, Q12024
- Industry Utilization Rate Dynamics
- Faster Utilization Recovery for China Foundries
- Overall Semi Inventory Days Decline in Q1 2024
- TSMC’s N2: Strong Demand and Accelerating Capacity
- TSMC’s N3 and N5 Wafer Price Hikes; Price Concession in N6/N7 in 2025
- Continuous CoWoS Capacity Expansion Focusing on CoWoS-L
Number of Pages: 5
Published Date: July 2024