Auto / Industrial Semiconductors: the bad & the ugly #2
The late reporters Infineon, Microchip, ON Semi, confirm what the early reporters said. Auto getting weaker. Industrials in EU, Japan, US remains weak. Clients’ inventory digestion still ongoing.
Auto & Industrial Semiconductors: the bad & the ugly (NXPI, Renesas, STM, TXN). Mostly negative comments from firms, imo.
Results of Automotive & Industrial semiconductor firms (Analog Devices, Renesas, ST Micro, Texas Instruments) all point to 2 problems. Auto demand is weakening, unexpectedly, as EV demand is below plans and inventories high. Industrial demand is not recovering in EU, Japan, US.