The foundry industry is experiencing a relatively slow recovery with 5% QoQ decline in Q1 2024, citing a softer recovery of general end market. Robust AI demand was buoyed by growing CAPEX from cloud service providers and CoWoS capacity expansion. However, despite projections of CoWoS capacity more than doubling by 2024 end, it remains insufficient to meet the soaring demand for AI. Slower recovery of non-AI demand, including smartphone, PC, consumer, automotive, industrial, and general servers....