Electronics Supply Chain Weekly Digest 5-9-25.
DATAPOINT OF THE WEEK: Preliminary CPCA data shows China NEV retail sales reached 922K in April, up 37% Y/Y, but down 7% M/M.
China’s total retail sales of all passenger vehicles was 1.791M, up 17% Y/Y but down 8% M/M. NEV penetration in retail sales was 52.3% in April, highlighting continued strong demand for EVs in China.
Headlines:
Auto/Transportation
- Audi reports 12.4% increase in 1Q revenue, driven by strong EV sales but excluded potential tariff impacts
- Bosch expects modest sales growth in 2025 but warns of job cuts and margin challenges
- BYD Europe sees strong PHEV growth amid anti-dumping duties and market shifts, according to DigiTimes
- BYD targets global expansion, aiming for half of sales outside China by 2030, says Reuters
- EU grants carmakers extension on 2025 emissions targets, easing compliance concerns
- Ford suspends earnings guidance due to tariff uncertainty and ongoing EV struggles
- Ford raises prices on select models amid US tariff impact, despite ongoing discounts, according to Reuters
- JLR resumes US shipments after tariff-induced pause, adapts to new trade conditions
- US automakers criticize UK trade deal, warn of negative impact on domestic industry
- Rivian warns of potential price hikes due to tariffs, lowers delivery forecast for 2025
- Rivian invests $120M in US supplier park to boost R2 production efficiency
- Tesla’s China-made EV sales drop 6% Y/Y in April amid rising competition, according to CPCA data
- Tesla launches affordable Model Y in the US, priced at $37.5K after tax credit
- Tesla highlights deep localization in China, with 95% of parts sourced domestically for Model 3 and Model Y
- US and UK reach tariff deal, reducing car duties and eliminating steel and aluminum tariffs
- Volvo announces workforce reduction and production changes at South Carolina plant due to market conditions and tariffs
- Waymo and Magna to build autonomous Jaguar I-PACE and Zeekr vehicles in Arizona for ride-hailing expansion
Datacenter
- Super Micro cuts 4Q revenue guidance and fiscal 2025 outlook due to economic uncertainty and tariffs
Semiconductors
- AMD posts strong 2Q revenue outlook, but expects $1.5B hit from US export curbs on AI chips to China
- GlobalFoundries reports 1Q25 revenue growth, warns of tariff headwinds in 2H25
- Global semiconductor sales rise 18.8% Y/Y in 1Q25, driven by strong growth in the Americas, according to SIA
- Huawei accelerates semiconductor efforts with new fabs in Shenzhen to localize chip production, says DigiTimes
- Infineon cuts full-year revenue forecast due to tariff disputes and exchange rate pressures
- Infineon secures final approval of €1B funding for Dresden smart power fab under EU CHIPS Act
- Intel’s 18A process gains momentum with major foundry deal with Microsoft and international expansion plans, according to Tom’s Hardware
- Inventec reports record April revenue, driven by pre-tariff pull-ins and strong server shipments
- Marvell postpones investor day and narrows 1Q26 revenue forecast amid trade uncertainty
- US lawmakers propose legislation to track AI chips like Nvidia’s to prevent smuggling to China
- Nvidia plans downgraded H20 AI chip release for China to comply with US export restrictions, according to Reuters
- Nvidia and MediaTek to unveil co-developed Arm-based processors at Computex 2025, despite potential delays, says Tom’s Hardware
- onsemi exceeds 1Q revenue estimates, driven by strong demand for SiC chips in EVs
- Denso and Rohm form strategic partnership to develop semiconductors for EVs and ADAS
- SMIC reports strong 1Q growth but warns of 2Q revenue drop amid tariff uncertainty
- TSMC reports strong April revenue, expects record 2Q25 despite currency and tariff risks
- Trump administration plans to replace Biden-era AI chip export rule with simpler licensing framework
- Wistron invests additional $455M in US subsidiary for strategic growth
- WT Micro reports strong 2Q growth expectations, driven by AI, EV demand, and minimal tariff impact
Consumer/Other
- China exports rise 8.1% Y/Y in April, driven by pre-tariff surge ahead of US trade uncertainty
- EU proposes countermeasures on $95B of US imports in response to tariffs
- China’s rare earth export curbs spark price surge and trade tensions, according to Nikkei Asia
- Trump suggests cutting China tariff rate to still-high 80% ahead of Switzerland talks
Source:
Edgewater Research