from the acceleration-of-de-stocking-trends dept.
IQE says collapse in smartphone sales may wipe one-third off revenue in first half of 2023:
Plunging demand for semiconductors is taking an obvious toll on the chip sector, and Brit compound semiconductor wafer maker IQE is warning of a serious dent in sales.
In a trading update to investors, the London Stock Exchange listed business said it had seen an acceleration of de-stocking trends across the tech industry, "with weaker demand leading to inventory build-up throughout the supply chain."
"This reduction in customer orders and forecasts is expected to result in a decline of approximately £30 million in reported revenues for H1 2023," the Cardiff-based wafer manufacturer said.
It noted the patterns monitored by the Semiconductor Industry Association that reported an 18.5 percent tumble in shipments during calendar Q1.
[...] IQE makes wafers used for radio frequency and photonics applications in several smartphones, and was a major supplier to multiple chip companies who supplied Huawei, before the US government intervened to destroy Huawei's handset business. It is widening the portfolio to also include Power Electronics and Micro-LED tech used in VR headsets.
]...] The smartphone industry has shrunk for the past two years and great things aren't expected this year either. Likewise, the PC industry has also stumbled and isn't expected to bumble along in 2023. As such, the sales bonanza that chipmakers enjoyed in recent years is over for now.
(Score: -1, Troll) by Anonymous Coward on Tuesday March 14 2023, @07:13AM
So we're both fat. What's the point of this exchange?
(Score: 2, Flamebait) by driverless on Tuesday March 14 2023, @09:51AM (2 children)
Britain has a semiconductor manufacturer?
There's a serious point to this, is one small manufacturer that no-one had ever heard of before now representative of the industry as a whole?
(Score: 2) by krishnoid on Tuesday March 14 2023, @09:13PM
Huh, so they finally figured out how to make them leak oil. Bully!
(Score: 0) by Anonymous Coward on Wednesday March 15 2023, @01:22AM
Yeah maybe nobody is buying from them and so they consider that a glut.
It wasn't that long ago when everyone and their dog were talking about chip shortages: https://www.jpmorgan.com/insights/research/supply-chain-chip-shortage [jpmorgan.com]
https://spectrum.ieee.org/chip-shortage [ieee.org]
https://www.cnbc.com/2022/07/20/global-chip-shortage-continues-amid-inflation-rising-rates-and-war-idc.html [cnbc.com]
(Score: 2) by mcgrew on Tuesday March 14 2023, @07:31PM
Maybe this will ease the automakers' chip problem, or does this outfit just make phone chips? If so, they're as stupid as the rich bozos that put every penny of their millions in a single bank account at one of the banks that collapsed and now are in danger of not meeting payroll.
Apparently, the super expensive pay dearly to attend snooty snob kindergartens don't teach that it's stupid to put all your eggs in one basket.
They say "If you're so smart, why aren't you rich?" I say "If wealth is correlated with intelligence, why are you so stupid?"
Glad the government is bailing out the idiots who put all of their eggs in one basket's employees, also so the whole damned thing doesn't come crashing down like they've been warning Old Lady Yellen. Hold off on the interest rate hikes, dumbass!
mcgrewbooks.com mcgrew.info nooze.org