In the new year, the brick-making career of chip people is about to begin. We have compiled statistics on the latest spot market trends of TI, ST, Infineon, Microchip, NXP, ADI, Renesas and other chips for your reference.

TI: Demand remains weak

Demand for TI remains subdued this month. The prices of some general-purpose models in the spot market have been inverted. It is expected that the spot market will still be difficult in the first quarter of next year. Demand in TI's industrial segment has deteriorated further, a state of affairs that is likely to persist for at least the next few quarters. TI's revenue forecast for the fourth quarter will be lower than Q3, indicating that demand for a variety of electronic components, including industrial equipment, remains sluggish.

ST: Demand is stable

ST demand has stabilized this month, and demand for automotive materials such as the L9826 series is expected to increase. The current delivery time is around 32-36 weeks. For consumer products, customers are more looking for cost-saving PPV (Purchase Price Variance) opportunities. STMicroelectronics' official Weibo announced that the company signed a long-term silicon carbide (SiC) supply agreement with Li Auto. STMicroelectronics will provide silicon carbide MOSFETs to Li Auto to support Li Auto's strategic plan to enter the high-voltage pure electric vehicle market.

NXP: Some automobile material delivery times have been eased

The delivery time of some NXP automobile materials has been eased, and the FS32K114xxx series ordered through some channels have also been provided with delivery dates and quotations in advance. For some small quantity requirements, some customers are trying to promote new projects. NXP's spot demand gap is very small, and clients mostly make long-term orders based on projects. NXP said profits in the 23Q4 quarter will be higher than Wall Street forecasts, and it expects the resilience of the automotive market and the stability of industrial demand to offset the weak performance of other major markets.

ADI: Prices of old products have increased and demand continues to be sluggish

ADI's price increase letter revealed that price increases for old products will begin on February 4 next year. Since there is a large inventory of common materials in the market and prices are upside down, the price increase will have little impact on spot goods. However, now that the price inversion of ADI has eased, merchants will choose to ship at a price where there is not much inversion. ADI's current shortages are still concentrated in industrial control and automotive-grade materials, and the delivery time is basically more than 26 weeks. For example, LTC2262IUJ-14#TRPBF has a long delivery time, and the current market price is relatively high. The delivery time of LTC6078HMS8#PBF, LTC2411IMS#TRPBF and other materials has improved. ADI is planning to lay off 111 employees at its Rio Robles office location north of San Jose, effective January 12, 2024.

Renesas: Decline in demand

Renesas' demand has decreased this month, with demand mainly concentrated on ISLXX, HDXX, RC19XX, SLGXX and other series. The delivery time of ISLXX series is back to about 30 weeks, the delivery time of clock series is back to 28-34 weeks, and the delivery time of 8-bit/32-bit MCU is back to 18-24 weeks; the delivery time of optocoupler products is still longer, more than 52 weeks. Renesas, Toyota, Honda and 11 other Japanese companies have established the Automotive Advanced SoC Research Center (ASRA) to jointly develop high-performance SoCs for automobiles.

Microchip: Demand continues to be sluggish

Demand is still sluggish this month, and a large amount of inventory needs to be digested. Now it is basically in the loss-making stage. In addition, the original ordering cycle has been greatly shortened, which has made it worse for spot dealers. Affected by factors such as the trade war, domestic factories have lost orders or have insufficient operations. The situation of both supply and demand will not improve until the inventory is cleared. For the next quarter (fiscal third quarter) performance, taking into account the overall economic situation of slowing economic activities and increasing business uncertainty, coupled with the company's active measures to help customers manage inventory and backlog, Microchip currently expects revenue to decline by 15% sequentially to 20%.

Onsemi: Most prices have dropped

The market prices of most ON Semiconductor products have dropped this month, and demand for automotive materials is still strong and showing a growth trend. Image sensors, MOSEFTs and transistors are still in short supply, with lead times exceeding 50 weeks. The spot market price of MBRS series continues to rise, and popular models include MBR0520LT1G, MMBT3906LT1G, etc. ON Semiconductor forecasts that fourth-quarter revenue and profit are expected to decline from the same period last year.

Infineon: Demand continues to be sluggish

Infineon's market demand continues to be sluggish, and price comparisons on the demand side are serious. Production cuts by European car manufacturers have a greater impact. Most materials, such as TLE, BSC and other conventional materials, have relatively high inventory levels, and the delivery period has been shortened from 40-50 weeks to 20-30 weeks. The demand for scarce materials is concentrated on some old products. Some models of high-pressure pipe and module products are out of stock, such as some high-pressure modules of the FS series. Infineon expects revenue to continue to grow in fiscal 2024, but the growth rate will slow down.

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