Silicon wafer supplier Formosa Sumco Technology Corp (台勝科) yesterday gave an upbeat outlook for the current quarter, as it expects that deteriorating supply constraints would continue to drive up wafer prices, which would help it defy a slowdown in consumer electronics demand. The company said chip demand is strongly underpinned by exuberant demand from 5G-related devices, automotive electronics and power management chips, which most semiconductor companies consider long-term growth engines. Customers’ silicon wafer inventories are running low due to prolonged supply-demand imbalances over the past few quarters, the company said in a presentation at an investors’ conference. “Tight supply of 12-inch silicon wafers