Powerchip expects revenue to fall 5%CONSERVATIVE: Demand outlook remains bleak this quarter, except some rush orders and insignificant demand for certain products, a company executive said Powerchip Semiconductor Manufacturing Corp (力積電), which makes DRAM chips and driver ICs on a contract basis, expects revenue to decline up to 5 percent sequentially this quarter, extending a downtrend from the past three quarters as customers digest excessive inventory. Although customers remain conservative about placing new orders, they have been more willing to engage in price negotiations, a sign that demand for some applications has started to recover, Powerchip said yesterday. “We do not expect major changes in the second quarter in terms of revenue,” Powerchip president Brian Shieh (謝再居) told an online investors’ conference. “We believe the first and secondBy Lisa Wang

Source: Taipei Times April 24, 2023 16:04 UTC