This is mixed news for Taiwan's chip industry: strong demand is boosting pricing power for suppliers like UMC, even as a broader tech stock selloff rattles markets worldwide.

• Samsung reportedly tried to rush-order tens of thousands more OLED driver chips from UMC after smartphone sales beat expectations, but UMC turned the order down because its factories are already running near full capacity with other customers' orders locked in.
• This is good news for chipmakers like UMC, which are shifting from taking any order they can get to picking and choosing the most profitable ones, a sign of real pricing power returning to the industry.
• It's bad news for global tech stocks: Intel and Amazon's disappointing earnings dragged US markets down sharply, and fears that AI spending isn't paying off are spreading, with some comparing the mood to the 2000 dot-com crash.
• Taiwan's stock market got hit hard too, dropping over a thousand points and breaking below a key technical level, with power supply maker Delta Electronics crashing to its lower trading limit and passive component maker Yageo briefly dropping below a key price point.
• Taiwan's government downplays the panic, saying the worry is really about AI software companies, not hardware makers like TSMC, which still has solid orders and funding.

Outlook: Taiwan's market faces more near-term pressure from the global tech selloff, but officials and analysts expect any pullback for hardware-focused firms like TSMC to be temporary rather than the start of a deeper downturn.