Electronics Supply Chain Weekly Digest 6-21-24.
DATAPOINT OF THE WEEK: S&P reported US June flash mfg PMI of 51.7 vs 51.3 in May reflecting strengthening in new orders to a three-month high, partially offset by a more modest growth in output; outlook among US manufacturers weakened however to the lowest in 18 months over demand concerns and election-related uncertainty.
For Europe S&P reported manufacturing conditions weakened with June flash PMI of 45.6 vs 49.3 in May, marking a 6-month low due to renewed fall in new orders and output. For Japan flash mfg PMI stood at 50.1 in June vs 50.4 in May reflecting a stall in momentum according to S&P.
Headlines:
Auto
- Chinese automakers retain grip over Southeast Asia’s booming electric car market
- EV startup Fisker files for bankruptcy, aims to sell assets
- German top industrial union to demand 7% pay rise from Volkswagen
- Nissan halts production at Changzhou plant as China woes persist
- Ford plans further job cuts in Europe, German works council says
Industrial/Aerospace
- Japan core machinery orders down in April for first time in three months
- China’s factory output disappoints, property sector stuck in doldrums
Datacenter
- Oracle to invest over $1 bln on AI, cloud computing in Spain
Semiconductors
- onsemi releases 7th generation IGBT modules for renewable energy applications
- TSMC plans to raise prices for 3nm foundry and advanced packaging
- Wolfspeed delaying plans to build SiC plant in Germany
- onsemi to invest $2B in SiC back-end capacity expansion in Europe
- US wants Netherlands, Japan to further restrict chipmaking equipment to China
- STM maintains top SiC market share in 2023, onsemi jumps to number two, says TrendForce
- SMIC and Huawei successfully developed 5nm technology says Chinese media
- Samsung delays further its Texas fab
- Vishay completes construction of its second fab in Itzehoe
Other
- 2Q24 global smartphone production projected to decline 5-10% Q/Q due to elevated channel inventories says TrendForce
Source:
Edgewater Research
