ELECTRONICS NEWS HIGHLIGHTS W28.2023

1. GLOBAL SEMICONDUCTOR SALES INCREASE 1.7% MONTH-TO-MONTH IN MAY

According to the latest report from the Semiconductor Industry Association (SIA), global semiconductor industry sales totaled $40.7 billion in May 2023, up 1.7% from the $40.0 billion total in April 2023 but down 21.1% from the $51.7 billion total in May 2022.

“Despite continuing market sluggishness compared to 2022, month-to-month global semiconductor sales inched upward in May for the third consecutive month, sparking optimism for a possible market rebound during the second half of the year,” said John Neuffer, SIA president and CEO.

Details: GLOBAL SEMICONDUCTOR SALES INCREASE 1.7% MONTH-TO-MONTH IN MAY

2. US FACTORY SLUMP CONTINUES

The performance of US factories in June this year continued to decline. The sales of factories have continuously decreased for 8 consecutive months, surpassing the period of the Covid 19 epidemic and becoming the period with the lowest revenue in the past 3 years.

In the context of a difficult economy, orders from customers decreased, factories had to come up with solutions to maintain and stabilize their businesses. Those are product discount campaigns, inventory handling. Besides, staff reduction is also a popular option in factories.

According to IMS, of the six largest US manufacturing industries, only one – transportation equipment – recorded growth in June. Many experts believe that the US economy is slowing down and will drag until the end of 2023.

Details: U.S. FACTORY SLUMP CONTINUES

3. INDIA TO PRODUCE CHIPS DOMESTICALLY BY END OF 2024

According to reports, a senior Indian government official said that India’s first semiconductor assembly plant will break ground next month and start producing the country’s first batch of domestic chips by the end of 2024.

India’s Electronics and Information Technology Minister Ashwini Vaishnaw said Micron is building a chip assembly and testing plant in Gujarat state, a $2.75 billion project that will start construction in August, including government support.

“We are aiming to produce the first batch from this factory within 18 months, which is December 2024,” Vaishnaw said.

The Indian government-led semiconductor mission is also doing extensive work to enlist the support of other supply chain partners, including chemical, gas and manufacturing equipment suppliers, as well as those interested in setting up silicon wafer fabs, Vaishnaw said.

“Practically every complex chip in the world has been designed in India. The ecosystem is already there. Getting the fab is the next step and that’s what we’re focusing on, and the Micron fab is a very big win,” Vaishnaw said.

Details: INDIA TO PRODUCE CHIPS DOMESTICALLY BY END OF 2024

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