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significantly weaker-than-expected business outlook by
memory-chip firm Micron Technology Inc last Thursday raised
concern that, following nearly two years of strong demand, the
industry was turning towards a down cycle. That helped to drive
down some global tech stocks.
Speaking to reporters in Taipei, Wang said Taiwan's chip
industry was a world leader.
"Their orders at the moment are still very full," she said,
referring to both mature and advanced semiconductor chips.
"It looks like at the moment the business is firm for Taiwan's
semiconductor industry."
Taiwan's chip firms have benefited from a global shortage of
semiconductors, which has kept their factories operating at
capacity and driven new expansion plans.
Earlier on Wednesday, chip maker United Microelectronics Corp,
whose clients include Qualcomm Inc and Germany's Infineon,
reported that June sales soared 43.2% on the year, with
first-half sales leaping 38.2% year-on-year.
Taiwan's Foxconn, the world's largest contract electronics
maker, raised its full-year business outlook on Monday,
reflecting strong sales of smartphones and servers, despite
concerns about slowing demand due to rising inflation.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world's
largest contract chipmaker and Asia's most valuable listed
company, will report its second-quarter earnings late next week.
(Reporting by Ben Blanchard and Yimou Lee; Editing by Andrew
Heavens and Edmund Klamann)
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