TSMC President C.C. Wei noted the company lowered its revenue guidance for the second time, despite a broader recovery in the wafer foundry market driven by global AI application demand. UMC, Powerchip Semiconductor, and Vanguard International Semiconductor are expected to benefit from strong momentum in mature process nodes, with UMC planning to raise prices across the board next year.
TSMC's lowered guidance, despite AI demand, suggests leading-edge capacity is not translating to revenue growth, while mature node pricing power shifts to UMC.