Electronics Supply Chain Weekly Digest 7-24-26.
DATAPOINT OF THE WEEK: June new car registrations in Europe totaled 1.41M, surpassing the 1M mark for fourth straight month, increasing 17.1% Y/Y and 22.1% M/M, according to ACEA data.
BEVs maintained strong growth in June, reaching 360k registrations, up 88.2% Y/Y and 34.5% M/M, accounting for 25.6% of the market in June, up 9.4 percentage points Y/Y.
PHEVs also saw significant Y/Y growth, rising 23.3%. HEVs increased 17.1% Y/Y and 19.5% M/M. HEVs account for 34.7% of the market, which is flat Y/Y. ICE registrations declined 13.1% Y/Y, but increased 17.1% M/M in June, marking its 26th straight month of Y/Y declines.
Headlines:
Auto/Transportation
- Chinese-brand vehicle sales in Mexico rise nearly 30% Y/Y in 1H despite January tariff hike, with Geely leading growth
- China resumes robotaxi permits after April freeze, ending industry-wide safety review triggered by Wuhan self-driving outage, according to Bloomberg
- Daimler Truck raises 2026 adjusted operating profit outlook on tariff clarity and stronger NA truck sales
- Geely and Ford to form JV to build electric SUVs at underutilized Valencia plant, marking Geely’s first European production
- GM lifts 2026 profit outlook again as truck and SUV pricing offsets tariff and onshoring costs
- Hyundai profit slides 21% on cost/production hits, but full-year margin guidance held as Tucson and Avante refreshes anchor 2H
- Renault sales rebound in 2Q, up 2.3% Y/Y on R5 EV strength
- Tesla reports 2Q profit squeeze as AI and robotics capex triggers first cash burn in two years
- US Senate panel advances Chinese-vehicle crackdown bill that could bar Mercedes-Benz from US market on 15% ownership threshold
- US and Mexico launch third round of USMCA talks with autos content rules in focus
Datacenter
- Google lifts 2026 capex plan by $15B to as much as $205B as Google Cloud revenue surges 82% Y/Y in 2Q
- Google reportedly develops Gemini-specific server chip “Frozen v2” to ease AI capacity crunch, targeting 2028 deployment
- Microsoft commits billions to Mistral’s European datacenter buildout as French startup adds Medium 3.5 and OCR 4 models to Foundry
- OpenAI plans to spend $30B+ on a 3.2GW Georgia datacenter build, according to Bloomberg
- Samsung in talks to invest ~$1.1B in Mistral at $22.8B valuation as European AI independence push accelerates, according to the Financial Times
- SpaceX reportedly plans large-scale Texas datacenter expansion to grow AI compute beyond 1GW Memphis hub, says The Information
Connectivity
- Prysmian announces $6.4B Molex fiber optic supply agreement and $1.4B capacity expansion
- TE Connectivity reports 3Q revenue with AI sales growth outlook unchanged and announces $1.4B Astrodyne TDI acquisition
Industrial
- Samsung Electronics announces new robotics division reporting directly to CEO as humanoid commercialization push accelerates
Semiconductors
- AMD announces Anthropic deal to supply tens of $B in AI servers alongside up to $5B equity investment
- Intel reports 2Q revenues well above estimates and raises FY capex to $20B on AI-driven datacenter CPU demand
- Intel and AMD lock Chinese server customers into longer supply deals as China CPU prices jump over 40% YTD, according to Reuters
- Li Auto sets up chip design entity, signaling potential spin-off of in-house automotive silicon business
- Micron hands Tesla a significant memory allocation on reasonable terms as AI-driven shortages tighten supply
- Wistron opens $700M Texas facility to build Nvidia’s GB300 with Vera Rubin production to follow
- Texas Instruments reports strong 2Q results and guides 3Q above expectations as analog demand rebounds across industrial, datacenter, and auto
- TSMC reportedly plans up to 10% price hike across mature and advanced nodes in 2027 to offset rising costs, says Nikkei
Consumer
- Samsung raises foldable prices by $100 as memory costs squeeze mobile margins
- US President Trump announces 50% tariffs on $20B of Canadian imports
Source:
Edgewater Research
