Foundry Market Bulletin - Jul. 28, 2025

Last Modified

2025-07-28

Update Frequency

Biweekly

Format

PDF

This report analyzes TSMC, UMC, and PSMC's recent operations and industry outlook, focusing on new plant investments, capacity utilization, product mix, and future technology roadmaps, as well as memory strategies, advanced process deployment, and capital expenditure adjustments.

Key Highlights

TSMC is set to maintain high levels of capital expenditure, focusing on expanding new fabs in Taiwan and overseas and advancing process and packaging technologies.
PSMC sees wafer shipment growth but limited revenue increase due to currency and pricing pressures; future plans emphasize memory and related packaging capacity.
UMC benefits from client stockpiling but faces pressure on capacity utilization and revenue in the latter half of the year due to cautious demand and external uncertainties; continues technological collaboration with global leaders.
Vanguard is expected to maintain steady capacity utilization in the second half, as increased server PMIC and Power discrete demand offsets the softness in other product segments.
The industry as a whole prioritizes advanced process expansion, diversified product portfolios, and flexible capex adjustments to navigate market changes.