In May, the global AI development boom boomed, but it didn't seem to inject much vitality into the chip market. South Korea's semiconductor inventory, an important indicator of global electronics demand, surged to the largest increase in seven years. Analog leader TI has also comprehensively reduced prices in the Chinese market and joined the "price war". Overall, consumer electronics inventories are less than expected, industrial control chip demand is weak, and only automotive chip demand is still strong.
We have compiled the latest spot market trends of TI, ST, Infineon, Microchip, NXP, ADI, Renesas and other chips for your reference.
TI: Overall demand declined,
Cut prices to join the price war
In May, the overall demand for TI dropped significantly, prices continued to decline, and market prices gradually returned to normal levels. PMIC prices are still at a high level and are expected to decline in the third and fourth quarters, but the delivery time is relatively shortened. In addition, the shortage of MCU and DSP supply has not been alleviated, and the MSP series and TMS320 series are still relatively out of stock. It is reported that TI comprehensively lowered the price of analog chips in the Chinese market in May, adding a "price involution".
ADI: delivery time gradually shortened,
The price of the original factory was increased
The delivery time is getting shorter, and the progress of adjustment is basically in line with expectations, and it is still basically about 13-16 weeks. It is rumored that ADI's policy of adjusting prices in May has been reported through some channels this month, according to the original manufacturer's previous operating style, the notice that the price should have increased, but it will not be a general range of adjustments. ADI announced a €630 million investment in Europe in May to build a chip manufacturing facility, which is expected to triple ADI's European wafer production capacity.
ST: There is still a shortage of automotive materials
Overall, the demand for ST is gradually decreasing, but the automotive grade products are still facing a shortage, such as the STM32H7X series market price is still at a high level. ST plans to invest about $4 billion this year to expand wafer capacity, and after transferring consumer capacity to automotive, it is expected to see a turnaround in automotive chip delivery in Q3, but the overall output is expected to be worse than expected in 2022. ST introduced a new edge AI-accelerated microprocessor in May, with volume production expected in the first half of 2024.
NXP: Automotive demand remains strong
Overall, except for the automotive industry, the shortage of chip supply has basically ended. According to reports, most of NXP's production capacity in the second half of the year is scheduled for demand from the automotive sector. On the supply side, NXP product delivery times are also gradually improving, with some product delivery times shortened to 26 weeks. At present, the hot demand is mainly concentrated in the S912XXX, FS32K14XXX and MKXXX series. NXP's automotive chip revenue in the first quarter increased by 17% year-on-year, and the main growth point in the second half of the year was still automotive chips.
Renesas: Demand is concentrated in automotive chips
Renesas' demand in May was mainly for automotive materials, especially R5SXX/R7SXX/R7F70XX/HDXX series. In terms of supply, the current order delivery time is gradually improving, the supply of automotive products is still tight, the delivery time is more than 45 weeks, and the delivery time of optocoupler products is still long, more than 52 weeks. In May, Renesas announced an expansion of production in Japan to increase production capacity for automotive semiconductors by 10%.
Microchip: Demand has dropped significantly
Microchip's demand fell significantly in May, mainly in the medical and industrial control fields, and the shortage was mainly at the beginning of ATXMEGA and PIC24 series and DSPIC series products, and some parts were high market prices due to out-of-stock. The current demand for Ethernet chips has dropped a lot, and the delivery time of general material orders has been significantly shortened, which is expected to be about 30 weeks.
onsemi: Consider expanding production of SiC chips
ON Semiconductor's May demand was mainly focused on MOSFETs and automotive materials, and ON Semiconductor also said in May that it was considering investing $2 billion in the production of automotive SiC chips. In terms of delivery time, the supply of IGBT and rectifier is still tight, the delivery time is more than 40 weeks, the delivery time of MOSFET and diode triode has not been significantly alleviated, according to the day of 36 weeks to 52 weeks, the delivery time of logic devices has become significantly better, shortened to 20 weeks to 30 weeks, and the image sensor delivery time is more than 30 weeks.
Infineon:
Most of the price retreated,
A small number are still high prices
The recent decline in demand for the automotive MCUAurixTC series has fallen in the market price of most models, and a small number of models are still at "sky-high prices". In terms of power devices, IGBT and high-voltage MOS business opportunities are relatively large, the original factory delivery time of TLE series is still very long, the inventory pressure of other materials is large, and the demand is sluggish. In May, Infineon stepped up its edge AI applications and acquired machine learning startup Imagimob.
Qualcomm：
Demand remains sluggish,
Deepening of the automotive business
Qualcomm still had little demand in May. QCA8337N-AL3B continues to be in short supply, and there is no spot support on the market and agent side. Netcom materials AR8031-AL1B / AR8033-AL1B have been released in stock, and the price has fallen from before. The supply of consumer products is saturated, and there are currently more spots. Qualcomm announced in May that it would acquire Israeli in-vehicle communication chip maker Autotalks, which currently produces chips for autonomous driving and vehicle-to-everything (V2X) communication technology for smart cars, hoping to deepen its automotive business.
Broadcom：
There are more high-circulation products
The Broadcom market is not volatile, consumer and communication fields still have little demand, and industrial is better than the former. From the perspective of Broadcom's Q1 financial report, there are still growth points, and the market speculates that its Q1 release is more, but most of the shipments are concentrated on high-circulation materials, and there will still be no obvious supply relief for low-level circulation materials, after all, the official delivery time has not been shortened. In May, Broadcom signed a multibillion-dollar agreement with Apple to develop 5G RF components, including FBAR filters and other wireless connectivity components.
XILINX：
FPGAs will increase prices by 8%-25%
Xilinx delivery times have improved, and AMD plans to increase the price of Xilinx FPGA products, with most price increases of 8%-25%, and the Spartan 6 series has the largest price increase of 25%. However, the newer 7nm Versa series chips do not seem to have increased in price. In May, customers began to accept futures quotations, and the original factory's product life cycle for the 7 series was extended to 2035, which means that the price fluctuation during the life cycle will not be particularly large.
In terms of delivery time, the delivery time of most 7 series materials is maintained for 18-30 weeks; At present, the 6S series has not significantly improved the delivery time for the time being, and the overall delivery situation has improved in about 50-80 weeks, and the shortest delivery time has been shortened to 16 weeks.
Realtek: The demand for audio decoding has increased significantly
Realtek's demand increased significantly in May, especially in audio decoding, as well as in routers and switches compared to the previous month. Popular parts are ALC1302-CG, ALC892-GR, ALC897-VA2-CG, RTL8111H-CG, ALC662-VDO-GR, RTL8153B-VB-CG, etc.
Vishay: Automotive MOSFETs are still nervous
The delivery time of most of Vishay's products has improved significantly, only the supply of automotive MOSFETs is still tight, and the delivery time is still around 52-65 weeks. Vishay's transistor SFH series is not in great demand (not a universal material). Vishay introduced 17 new Gen 3 Series 650 V SiC Schottky diodes, which are currently in ample production with lead times of approximately 8 weeks.
References: Quiksol, Lianchuang Jie Technology, Xinstarling, etc