半导体行业观察·2025-07-28 01:32Core Viewpoint - The semiconductor industry is facing significant challenges due to a combination of factors including the end of the tariff-induced inventory buildup, weaker-than-expected recovery in end-user applications such as mobile, networking, and automotive, and continued pressure from the appreciation of the New Taiwan Dollar [2][3]. Group 1: Market Conditions - Major IC design companies are reportedly cutting wafer foundry orders for mature processes by 20% to 30% in Q3 compared to Q2, indicating a significant correction in demand [2][3]. - The automotive market is particularly weak, impacting demand for mature processes, with major chip manufacturers warning of poor market conditions [3][4]. Group 2: Financial Impact - The capacity utilization rate for mature process foundries is expected to drop from around 70% in the first half of the year to approximately 60% or lower in the second half [4]. - UMC and World Advanced are projected to see their gross margins decline, with UMC's gross margin potentially falling to 25% in the second half of the year [3][4]. - Powerchip has reported a net loss of NT$0.8 per share for Q2, marking its seventh consecutive quarter of losses, with continued pressure expected in the second half [3][4]. Group 3: Industry Outlook - The semiconductor industry is primarily supported by AI demand, with TSMC performing well, while other mature process foundries are struggling due to weak consumer and automotive sector demand [4].