![]() Pricing pressure is growing in Auto, OEMs seeking pricing concessions in 2H23 and viewed likely more aggressive in 2024. Auto weaker M/M, ICE/EMEA softer likely on elevated inventory EV noted as unchanged/strong.Asia demand viewed as stable Q/Q at low levels, Americas viewed as flattish, EMEA noted as weaker following strength in 1Q.Asia/Americas unchanged M/M, EMEA appears more elevated. Inventory elevated across virtually all end markets & geos. ![]() Inventory elevated both upstream and downstream, EMS inventory viewed increasingly problematic, EMS providers noted as actively attempting to go on credit watch to slow down shipments from distribution.3Q & 4Q outlook viewed as flat sequentially, rebound in bookings/B2B seen in 1Q24 at the earliest.It also depends on the product/technology, for example we are pricing pressure in higher priced MOSFETs and in market like steering and braking, MOSFET suppliers know they need to get more competitive. We are seeing several suppliers give lower prices for future Auto business. ![]()
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