Electronics Supply Chain Weekly Digest 9-06-24.
DATAPOINT OF THE WEEK: August new auto sales in Germany dropped double digits M/M for a second month in a row to 197K, the lowest level since Apr-23.
On a Y/Y basis, total sales plummeted by 28% while xEV sales declined by 60% to the lowest level since Jan 2024. BEV sales were particularly weak, declining 69% Y/Y and 12% M/M, while hybrid EV sales dropped 7% Y/Y and 8% M/M.
Headlines:
Auto
- China August NEV sales break through the 1M mark; overall retail sales seasonally strong but still down on Y/Y for the 5th month
- BYD August shipments remain on a strong uptrend, growing +36% Y/Y, led by PHEV
- VW considers closing factories in Germany and cutting jobs; CEO warns of serious situation
- Tesla plans six-seat Model Y, production slated for 2025 in China
- Tesla plans plans to launch Full Self-Driving in Europe, China in 2025
- Tesla August China shipments 2nd strongest for the year
- Volvo scales back margin and revenue ambition; scrap plans to go all-EV by 2030
- EV Traction Inverter shipments reached 6.45M globally says TrendForce; BYD ties Denso for top market share
- Toyota, Nissan to expand Japan’s battery production capacity, Nikkei reports
- Toyota cuts 2026 global EV output plans by a third, Nikkei reports
- Stellantis to resume production at certain U.S. plants after production adjustments
Industrial
- German industrial production declines led by drop in auto manufacturing
- UK set to loosen its 2030 offshore wind power target
IP&E
- Kyocera breaks ground on new plant in Nagasaki
Datacenter
- HPE raises annual profit forecast despite gross margin pressure from AI servers
Semiconductors
- ASML CEO says US desire to restrict exports to China ‘economically motivated’
- Broadcom forecasts lukewarm revenue with strong AI demad being offset by weakness in non-AI divisions
- China warns Japan of retaliation for possible new chip curbs
- Intel CEO to pitch board on plans to shed assets, cut costs
- Intel manufacturing business suffers setback as Broadcom tests disappoint, according to Reuters
- Intel considering sale of stake in Mobileye
- July global semi sales up 2% M/M and 18% Y/Y according to SIA
- NXP and Vanguard have secured necessary approvals to start construction of 300mm JV fab in Singapore
- Urgent orders drove uptick in wafer foundry utilization in Q2 says TrendForce
- Samsung postpones wafer foundry construction due to difficulty in obtaining customers
- Qualcomm has explored buying pieces of Intel chip design business
Other
- Apple iPhone SE to adopt OLED display from 2025 says Nikkei Asia
- Global smartpone production misses 2Q forecasts according to TrendForce; 3Q production projected to decline 5% Y/Y on sluggish demand
Source:
Edgewater Research
