Despite demand slowdowns reported in the consumer electronic and PC space, analysts expect the output of the semiconductor industry in Taiwan to maintain double-digit growth momentum.

GlobalFoundries (GF) has reported record quarterly revenue of US$1.99 billion for second-quarter 2022, up 23% from a year ago, with gross margin reaching a record high of 27%, almost double the 14.3% for the same period last year.

DRAM contract prices have fallen 15-25% since the second quarter showing no signs of stopping, while NAND flash contract prices are poised to drop over 10% in the third quarter, according to industry sources.

AU Optronics (AUO), Innolux and HannStar Display have all reported their LCD panel shipments slipped sequentially in July.

LED lighting ODM and project undertaker Tons Lightology saw inventory turnover time in the second quarter of 2022 rise to 137 days, a 2-year high in comparison with 135 days in the first quarter of 2022 and 132 days in the second quarter of 2021, according to the company.

Ennostar will invest an additional NT$3.627 billion (US$122 million) in Epistar, its wholly owned subsidiary, in a few stages, with Epistar to use all of the additional paid-in capital to set up production capacity for 150mm micro LED epitaxial wafers, according to Ennostar.

Hon Hai Precision Industry (Foxconn) revised its sales outlook this year to an on-year increase despite excess inventories held by its customers.

Acer has reported consolidated revenues of NT$17.459 billion (US$585 million) for July, the lowest monthly level since March 2020 with a decrease of 43.58% on month and 33.11% on year, according to the company.

Taiwan-based motherboard and graphics card makers including Asustek Computer, Gigabyte Technology, and Micro-Star International (MSI) all saw their July revenues fall sequentially, bracing for a particularly weak second half of 2022.

Samsung Electronics is upbeat about the prospects of foldable smartphones and expects global shipments of foldable models to reach 20 million units in 2022, according to Samsung Taiwan vice president Jacob Chen.

Amid reports stating that India may limit Chinese vendors in the low-end smartphone market, Chinese investments in India may further slow despite India's reliance on China for developing the mobile phone manufacturing ecosystem.

HTC has teamed up with Departure Lounge and Arcturus to showcase its new virtual production solution Vive Mars CamTrack at the Siggraph 2022 held in Vancouver, Canada from August 8-11.