Electronics Supply Chain Weekly Digest 5-31-24.
DATAPOINT OF THE WEEK: China retail auto sales from May 1s to 26th totaled 1.208M, down 6% Y/Y and down 2% down vs the same period last month according to data from the China Passenger Car Association (CPCA).
For the same period NEV retail sales stood at 574K units, up 27% Y/Y and up 2% from the same period last month. The data indicates a relative slowdown in China retail sales in the 2H of the month compared to the 1H.
Headlines:
Auto
- BYD unveils new hybrid tech with range of 2,100 km; concerns it could spark another round of price competition in China
- Americans still prefer gas vehicles over hybrid or EVs, study shows
- Renault to develop Twingos priced under 20,000 euros with Chinese partner
- China’s EV makers aim to take share in Europe with new low cost models and heavy spend on sales and marketing
- Toyota’s global volumes fall in April, led by drops in China and Japan
- China gears up to make a deal with Europe as EV tariffs loom
- The EV race has become a cost cutting race says Stellantis CEO
- VW says it will build €20,000 BEVs alone after Renault talks collapsed
IP&E
- MLCC shipments expected to increase by 6.8% in Q2 thanks to strong AI server demand, says TrendForce
- Yageo sees inventory in the supply chain approaching healthy levels
Datacenter
- Amazon in talks with Italy to invest billions of euros in cloud plan
- Strong AI server demand for Dell but competitive pressure drags profitability
Semiconductors
- China sets up third fund with $47.5B to boost semiconductor sector
- Micron to build new DRAM plant in Hiroshima.
- SiC substrate prices continue to decline in China, says DigiTimes
- Marvell issued weak July-Q outlook on continued inventory digestion in Cloud and Telco
- EU approves Italian aid for $5.4B STMicro chip plant
- Activist investor Elliot Management takes $2.5B stake in Texas Instruments; urges the company to rein in capital investments and improve cash flow
Other
- Gartner forecasts AI PCs reaching 100% penetration in commercial PCs by 2026
- HPE beats revenue expectations on 7% increase in PC units; projects 10% of PCs being AI in 2H24
Source:
Edgewater Research