➀ Future Horizons warns of caution in the semiconductor market, highlighting three red and one amber signal among the four key influences. ➁ The CEO, Malcolm Penn, expresses concern over the narrow foundation of the market 'recovery' and the impact of AI hype. ➂ The company predicts a 15% market rise in 2024, noting challenges such as AI market sustainability and China's potential to flood the market with mature node chips.
Recent #China Market news in the semiconductor industry
➀ European chip giants Infineon, STMicroelectronics, and NXP have recently expressed the importance of the Chinese market and plan to produce chips in China to better serve Chinese customers;
➁ Infineon is localizing the production of some products in China to meet the needs of Chinese customers and address their concerns about supply security;
➂ NXP aims to establish a Chinese chip supply chain for its customers and has established a business relationship with SMIC and is exploring partnerships with TSMC Nanjing and Hua Hong Semiconductor;
➃ STMicroelectronics has announced a partnership with Hua Hong Hongli to produce 40nm MCUs in China by the end of 2025, meeting market demand and optimizing the supply chain;
➄ STMicroelectronics has been increasing its cooperation with Chinese companies, establishing a joint wafer manufacturing plant in Chongqing for 8-inch silicon carbide chips and setting up a packaging and testing factory in Shenzhen;
➅ China is the world's largest automotive market and the demand for automotive chips is leading globally, accounting for 23.56% of the global automotive chip market in 2023.
➀ NXP and World Advanced are constructing a 12-inch wafer factory in Singapore with an investment of 7.8 billion USD, aiming to start mass production in 2027 and reach a monthly capacity of 55,000 12-inch wafers by 2029.
➁ NXP is actively seeking to establish a supply chain in China to serve customers needing Chinese production capacity.
➂ NXP plans to move some chip front-end manufacturing to China and establish a complete Chinese supply chain.
➀ Texas Instruments' third-quarter revenue exceeded analyst expectations, with the company's revenue reaching 4.15 billion USD, up 9% from the previous quarter.
➁ The company's net profit was 1.36 billion USD, and the EPS was 1.47 USD.
➂ Despite the softness in the industrial market, other terminal markets such as smartphones and PCs have shown signs of recovery, driving the sales performance of TI's semiconductor products for power electronic devices.
➀ SK Hynix's US sales nearly tripled to $11.8 billion in H1 2024. ➁ The company's US and China operations turned profitable. ➂ Strong demand for AI chips and HBM3E contributed to the growth.