More good news, the market is about to recover?
2023-11-07
Chip manufacturers have some joys and some worries. Simulation giant TI's performance continued to decline, forced to cut production, Qualcomm was revealed to lay off more than 1,200 people, and Chuansheng Mei will lay off 900 people. At the same time, there are also many big manufacturers with good news in this quarter's performance, AMD's net profit surged 353% year-on-year, SK Hynix DRAM turned a profit for the first two quarters, and Samsung's chip business loss narrowed sharply......
The automotive market continued to attract attention in the quarter, with ST's performance driven by automobiles exceeding expectations, Qualcomm's automotive business sales increasing by 15% over the same period, and On's automotive business also refreshing records. Industrial and terminal markets were weak in Q3, which weighed on the performance of major manufacturers.
Since the beginning of the third quarter, there has been the sound of the bottom of the chip market. From the financial report, the performance of the chip manufacturers in Q3 is indeed much better than Q2, and the capacity utilization rate of the wafer foundry TSMC has also rebounded. Is this the dawn of the recovery of the chip market?
The following is the revenue of major manufacturers in the semiconductor industry chain in the third quarter of this year.
TI: Forced to cut production,
The industrial market is weak!
TI's third-quarter revenue fell 14 percent from a year earlier to $4.53 billion. Among them, analog chip revenue was $3.353 billion, embedded processing chip revenue was $890 million, and other revenue was $289 million. Net income was $1.71 billion, compared with $2.3 billion a year earlier.
TI's CEO said the automotive business continues to grow, but weakness in the industrial sector has widened. Sales in industrial markets declined by more than a dozen percentage points in the third quarter, with general weakness across all regions except Japan. TI's chief financial officer said that the plant was not operating at full capacity, which affected the company's profitability and had to bear these costs in the quarter. As a result, the company had to reduce factory capacity in the third quarter to reduce inventory and maintain gross margins.
