The Newest August Semiconductor Replace from Future Horizons


This month, alongside the August semiconductor replace from Future Horizons, we’re blissful to share that Future Horizon’s upcoming Trade Replace Webinar might be going down on September tenth, 2024 from 3pm-4pm BST.

The webinar will deal with the present chip trade outlook, exploring whether or not the chip market growth has come to an finish, and sharing the seemingly development situations for 2025. For extra details about the webinar, and find out how to register, please click on right here. 

Govt Abstract

The general year-on-year whole Semiconductor annualised market development in June got here in at 15.9 p.c, down from final month’s 22.6 p.c quantity, and simply wanting April’s 16.6 p.c development. This was the eighth consecutive month of double-digit annualised development for the reason that market turned optimistic in September 2023 and, on the face of it, double-digit development numbers like these are numbers to die for, however we’re nonetheless not but minded uncorking the champagne.

Look into the element and a distinct image emerges.

Excluding reminiscence, the annualised IC market confirmed a extra subdued 6.5 p.c development, down from final month’s 7.5 p.c quantity, reflecting simply how sturdy an impression the reminiscence rebound has been on the general whole market.

Logic maintained its second-place place in June, as the subsequent strongest performer on an annualised foundation, rising 10.4 p.c vs. 12.2 p.c in Could and 18.9 p.c in April, while third-place Micro solely grew 5.9 p.c, on apar with Could’s 5.2 p.c development however nicely under April’s 9.6 p.c numbers.

Lastly, Analog ICs, the nonetheless worst-performing sector, noticed its eighteenth month of detrimental annualised month-to-month development, at minus 1.4 p.c, vs. minus 1.3 p.c in Could and minus 9.2 p.c in April. The Analog IC market is now down 16.5 p.c in worth from its June 2022 excessive.

June noticed Opto proceed its downward trajectory beginning in November 2023, declining 22.2 p.c vs. June 2023, whereas Discretes noticed its annualised development charge fall again to minus 12.3 p.c in contrast with minus 13.8 p.c in Could and minus 13.0 p.c in April.

A number of broader trade bellwether sectors are nonetheless deeply in recession, with no signal but of any inexperienced shoots of restoration.

To our thoughts, you can’t have an actual and sustainable market restoration while these sectors stay weak and, based mostly on present tendencies, a broader-based trade restoration is unlikely earlier than the primary half of 2025.

 

Learn the full report right here, and keep in mind to cite ‘Napier’ within the order hyperlink to say your 10% Napier low cost.