And then South Korea.
Taiwan is traditionally considered the domain of TSMC, which controls half of the contract manufacturing services market for chips, and previous visits by Intel CEO Patrick Gelsinger to this island were associated with the need to negotiate the release of individual chips for future Intel processors. Under Gelsinger, as you know, Intel finally got rid of false ideological disgust and realized that the release of chips for their own needs “on the side” is normal.
According to the DigiTimes website, the Intel CEO will visit Taiwan again, but this time he will focus on communicating with partners who are related to the supply of components for PCs and server systems. It is possible that we will talk about the fight against surpluses of products that have now accumulated in the warehouses of customers.
Image Source: AFP
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CFO David Zinsner at the UBS conference repeated the forecast that the situation with the surplus will not normalize until an indefinite period of next year, and it is pointless to count on progress in this. According to Taiwanese sources, after a visit to this island, Gelsinger will go to South Korea. The purpose of his visit to this country is not specified.