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Wk 28 Electronics Supply Chain Digest

16.7.2024
Reading Time: 4 mins read
A A

Electronics Supply Chain Weekly Digest 7-12-24

DATAPOINT OF THE WEEK: China auto retail sales finished 2Q on a downtrend declining 6.7% Y/Y in June and 10% for the quarter, marking the first Y/Y decline since 1Q23, according to China Passenger Car Association (CPCA) data.

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July 2025 Interconnect, Passives and Electromechanical Components Market Insights

Wk 29 Electronics Supply Chain Digest

June 2025 ECST Components Survey Delivers Stunning Results

NEV retail sales remained in an uptrend, but growth slowed with June sales increasing 29% Y/Y and 2Q sales increasing 16% Y/Y vs +35% growth in the previous quarters. BEV sales increased 10% Y/Y in June but only 2% for the quarter while PHEV sales grew strong 67% in June and 42% in 2Q.

Wholesale numbers were stronger compared to retail sales implying higher sell-in than sell-through and inventory buildup in June. Total exports declined 2% Q/Q in 2Q, while NEV exports dropped 12% 2Q24 vs 1Q24.

Headlines:

Auto

  • Mercedes-Benz slows battery plans amid lower EV demand
  • BMW reports lower sales in Q2
  • EV maker Lucid beats quarterly deliveries estimates helped by price cuts
  • BYD shipments reached record level in June, growing 35% Y/Y; 2Q shipments up 40% Y/Y
  • BYD to build $1B EV plant in Turkey
  • Stellantis’ Italian output to drop sharply if incentives don’t change trend, union says
  • EU tariffs hit growth in China’s electric car exports, industry body official says
  • Daimler Truck reports lower Q2 sales
  • Germany auto sales improved in June but xEV sales remained in a downtrend, down 15% Y/Y
  • Tesla China deliveries declined 7% Q/Q and 17% Y/Y in 2Q to the lowest level since 3Q22
  • VW may close Brussels factory as low EV demand hits Audi
  • Tesla hikes Model 3 prices in Europe due to tariffs on China-made EVs
  • US administration to award nearly $1.1 billion to Stellantis, GM for EV production
  • Global EV sales up 13% in June, down 7% in Europe, Rho Motion says
  • Tesla delays robotaxi launch to October, Bloomberg reports

Telco

  • Ericsson Q2 tops forecasts on rising N.America demand for telecom equipment

Aerospace

  • Boeing warns customers of further delays on 737 Max, Bloomberg News says

Datacenter 

  • Musk’s xAI, Oracle end talks on $10 billion server deal

Semiconductors

  • Samsung Electronics’ main South Korea union to go on indefinite strike
  • onsemi acquires SWIR Vision Systems
  • Nexperia invests $200 Million in SiC and GaN development in Hamburg chip facility
  • Global semi sales increased 19.3% Y/Y and 4.1% M/M in May
  • UMC June results disappoint; Auto and Industrial correction continuing in 2H
  • Huawei’s Kirin 9100 mobile SoC build on SMIC’s 5nm expected to be released by year end
  • SiCrystal constructing new building to expand silicon carbide wafer production
  • MediaTek, Qualcomm expected to launch newest 5G chips on TSMC’s 3nm process in Q4
  • Samsung Electronics wins cutting-edge AI chip order from Japan’s Preferred Networks
  • TSMC Q2 revenue jumps on AI boost, handily beats market forecasts
  • TSMC raises prices for 3nm, but lowers them for 6/7nm due to declining capacity utilization

Other

  • Apple aims to ship 10% more new iPhones this year after bumpy 2023
  • Foxconn Q2 revenue beats market forecast on AI server demand
  • Global PC shipments rise in 2Q, Apple sees biggest jump, IDC says
  • Wistron and Inventec project flattish 3Q PC shipments
  • China opens tit-for-tat investigation into EU trade barriers

Related

Source: Edgewater Research

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