2022-07-04 18:07:51 TSM TSMC
Infineon
07/04/22 07/0418:07 07/04/2218:07 | Vital TSMC supplier warns of chip material price hikes into 2023, Bloomberg saysJapanese chemicals supplier Showa Denko K.K. expects to further raise prices and cut back unprofitable product lines as it grapples with a barrage of economic challenges confronting the $550B semiconductor industry, Bloomberg's Takashi Mochizuki and Yuki Furukawa report. That's on top of at least a dozen hikes already this year, reflecting COVID-19 supply snarls, surging energy costs from the Ukraine war and the yen's dramatic weakening, Chief Financial Officer Hideki Somemiya told Bloomberg News in an interview. The situation is unlikely to significantly improve until at least 2023, he added. Showa Denko, which supplies essential chip fabrication materials to the likes of TSMC (TSM) and Infineon (IFNNY), has been forced to drastically increase the cost it passes on to customers, Somemiya said. Reference Link TSMC
Infineon
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