Semiconductor capital expenditures (CapEx) are on track for strong growth in 2021. For many companies the increase should continue into 2022. TSMC, the dominant foundry company, expects to spend $30 billion in CapEx in 2021, a 74% increase from 2020. TSMC announced in March it plans to invest $100 billion… Read more“Semiconductor CapEx too strong?”
Auto semiconductor shortage worsens
The shortage of semiconductors for automotive applications is getting worse. Recent statements from major automakers: General Motors significantly cut production at eight North American plants earlier this month due to the semiconductor shortage. GM expects North American vehicle production in the second half of the year will be down about… Read more“Auto semiconductor shortage worsens”
Semiconductor growth to continue in 2022
The semiconductor market showed powerful growth in 2Q 2021, up 8.3% from 1Q 2021 and up 29% from a year earlier, according to WSTS. Most major semiconductor companies experienced substantial revenue growth in the quarter. The memory companies were especially strong, with 2Q 2021 versus 1Q 2021 revenue (in local… Read more“Semiconductor growth to continue in 2022”
Electronics recovery mixed
Electronics production continues to recover from the COVID-19 pandemic. However, the recovery is mixed by country. The chart below shows three-month-average (3/12) change versus a year ago in electronics production by local currency for key Asian countries. China was averaging about 10% growth prior to the pandemic. After a sharp… Read more“Electronics recovery mixed”