1. Chinese foundries have seen a faster recovery in capacity utilisation due to trends like IC domestic substitution and policies like 'China for China'. 2. Some processes are operating at full capacity, and the traditional H2 peak stocking season, combined with delays in expansion due to US export controls, may extend capacity tightness until the end of the year. 3. Taiwanese foundries are benefiting from increased orders due to out of China demand, with TSMC seeing full capacity utilisation in its 5/4nm and 3nm nodes due to strong demand from AI applications and high-end smartphones.