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Wk 41 Electronics Supply Chain Digest

14.10.2024
Reading Time: 4 mins read
A A

Electronics Supply Chain Weekly Digest 10-11-24.

DATAPOINT OF THE WEEK: China Auto retail sales showed continuing improvement in Sep with total passenger sales of 2.06 million, an 8% increase M/M and 2% on a Y/Y basis, which compares to Y/Y decline over the past 5 months.

RelatedPosts

July 2025 Interconnect, Passives and Electromechanical Components Market Insights

Wk 29 Electronics Supply Chain Digest

June 2025 ECST Components Survey Delivers Stunning Results

NEV sales in September totaled 1.12 million units according to China Passenger Car Association (CPCA) data, reflecting a 9% M/M and 50% Y/Y increase, which compares to a yearly increase of 30-40% in the prior 5 months. NEV penetration in September inched up to 54.4% compared to 53.9% in Aug and 51% in July.

As of September 25, more than 1.13 million applications had been filed regarding replacement subsidies for old vehicles, the report noted. The sharp increase in replacement subsidy filings in recent months reflects the policy’s boost to boost auto consumption, the CPCA said.

Headlines:

Auto

  • BYD sees EV Mexico sales ramping up to 100,000 in 2025
  • China’s stimulus has SAIC talking best Golden Week in years
  • China’s auto market sees 195 models cut prices in Jan-Sept, surpassing all of 2023
  • EU tariffs on Chinese EVs will not lead to price rises — for now
  • France plans to cut assistance for EV purchases by third, toughen penalties on some vehicles
  • Continental expects drop in European and North American car output in third quarter
  • Li Auto to reportedly have in-house autonomous SoC developed by end of 2024
  • BMW, VW, Mercedes quarterly sales drop on weak China
  • Stellantis dealers urge delay to EU emission goals as sales slow
  • Stellantis sues UAW to stop strike over plant investments
  • Stellantis hybrid sales constrained by transmission supply,  CEO Tavares says
  • Stellantis CFO to leave as part of mgmt. overhaul. CEO Tavares to retire in 2026
  • Tesla sells 88,321 China-made cars in Sept, highest since March
  • Musk shows Tesla Cybercab, sees sub-$30,000 Cost and 2026 production

IP&E

  • 4Q24 MLCC shipments projected to decline by 3.6%, Says TrendForce with AI strength offset by conservative demand from notebooks, smartphones

Industrial

  • German factory orders drop in another sign of Industrial woes
  • Exicom acquires US EV charging company Tritium for $37 million
  • Union leader says striking Boeing workers in for “long haul” after pay talks collapse

Semiconductors

  • ADI Chief Customer Officer Anelise Sacks to resign from her position
  • AMD next gen AI chip to start production in 4Q
  • Samsung Electronics apologises for disappointing profit as it struggles in AI chips
  • Samsung Electronics says it is not interested in spinning off foundry business
  • Lattice Semiconductor announces resignation of CFO Sherri Luther, effective immediately, to pursue a new opportunity
  • CG Power acquires RF components unit of Renesas for $36 million
  • Powerchip Semiconductor cancels Japan Fab Project

Other

  • Avnet to collaborate and support the emergence of Chinese chip suppliers according to DigiTimes
  • Foxconn September sales grow thanks to iPhone and AI servers
  • Foxconn building Nvidia superchip facility in Mexico, execs say
  • Foxconn to have 20k GB200 NVL72 capacity in 2025
  • PC chip demand peaks early in 2024, suppliers face declining sales
  • Global PC shipments declined 1.3% in 3Q24 says Gartner

Related

Source: Edgewater Research

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