According to Gartner's recent forecast on the foundry industry, the foundry capacity utilization rate is expected to decline quarter by quarter from the second quarter of this year due to the continuous addition of new capacity supply and the decline in demand for consumer electronic products.

Gartner expects that after global wafer (200mm equivalent) shipments reached 22 million in the fourth quarter of last year, quarterly shipments will be between 22 million and 23 million in 2022-2023, while production capacity will continue to grow to 28 million wafers per quarter by the end of next year.

Gartner believes that the wafer foundry capacity utilization rate will drop to 90.3% in the third quarter of this year and 86.5% in the fourth quarter, and is expected to decline to about 80% by the end of 2023.