Electronics Supply Chain Weekly Digest 12-20-24.
DATAPOINT OF THE WEEK: S&P reported Dec US flash mfg PMI of 48.3 vs 49.7 in November reflecting a pullback in future expectations tied to worries over impact of tariffs and inflation and the steepest fall in mfg output since May 2020.
S&P also reported Eurozone Dec flash mfg PMI remained unchanged M/M at 45.2 reflecting an accelerating drop in new orders, output purchasing activity, and employment which was offset by an uptick in future expectations. S&P reported Germany Dec flash mfg PMI of 42.5 vs 43.0 in November.
Headlines:
Auto
- Auto suppliers face inventory squeeze as manufacturers cut safety stocks
- CPCA expects China Dec NEV retail sales to hit record 1.4M
- Denso and onsemi announced strategic partnerships to collaborate on image sensors; Denso to acquire onsemi shares in the open market
- European car sales remained in downtrend in November according to ACEA
- Europe’s carmakers discount EVs, hike petrol car prices as new emissions rules loom; Germany and Italy pressing to waive penalties
- Honda, Nissan in talks to set up holding company
- Honda aims to double hybrid car sales by 2030 as ‘bridge’ to EV era
- Foxconn interest in Nissan on hold amid Honda merger talks
- XPeng, Nio abandon Nvidia Thor chip amid rumored production delays
- Fiat owner Stellantis launches plan to boost manufacturing in Italy
- Stellantis moves up launch of hybrid Ramcharger; delays BEV model as demand cools
- Tesla raises prices of Model S cars in US by $5,000
- Trump transition team plans sweeping rollback of Biden EV, emissions policies
- U.S. auto sales next year expected to be best since 2019 at 16.2M SAAR forecasts Cox
- US government agencies fail to meet fleet EV targets, GAO report says
- US new Auto inventory up to level last seen in April 2020 with days of inventory at 85 says Cox
- VW and workers inch towards cost-cutting deal
Datacenter
- Microsoft say electricity supply not chips the biggest constraint now for AI buildouts
Industrial
- Boeing says it has resumed 767, 777 wide-body production
- China November industrial output rises 5.4%, above expectations
- Japan October machinery orders rise on strong manufacturing sector
- Manufacturers face challenges in America as tariffs rise for Chinese solar materials
- US manufacturing output rebounds less than expected in November
- US manufacturers predict growth in 2025 after prolonged slump
Semiconductors
- Bosch secures $225M to boost US chip production
- German government approves TSMC’s Dresden fab financing plan
- TSMC Kumamoto fab on track to start mass production in 2024
- US finalises $406m chips subsidy for Taiwan’s GlobalWafers
- Micron tumbles as weak Q2 forecast fails to overcome in-line Q1 results
- Nvidia unveils future AI accelerators design featuring silicon photonics as an alternative to copper interconnects
- Nvidia’s Thor smart driving chip rumored to suffer delays, causing China’s Xpeng to hesitate
- NXP buys SerDes networking startup for $242m
- Samsung pivots to mature processes in China, navigating US export controls
- EU approves €1.3B funding for semiconductor advanced packaging facility
- Chinese manufacturers stockpile South Korean components ahead of Trump 2.0
- UMC reportedly wins Qualcomm advanced packaging deal, breaking TSMC’s monopoly
- US could target China’s legacy chips, leading to tariffs
- Wistron to open second Victory plant in Vietnam in 1Q25, eye existing facility expansion
Source:
Edgewater Research
