日期:2022/09/08   IAE 

Chipmakers dive on slump warnings
DISMAL OUTLOOK: A Citigroup analyst predicted firms face ‘the worst semiconductor downturn in at least a decade,’ due to inventory build and the potential of a recession
Bloomberg

黯淡的前景：花旗集團分析師預測，由於庫存增加和經濟衰退的可能性，公司將面臨“至少十年來最嚴重的半導體衰退”
彭博社

Semiconductor stocks tumbled after Micron Technology Inc became the latest chipmaker to warn about slowing demand, triggering concern that the industry is heading into a painful downturn.

In the US on Tuesday, the Philadelphia semiconductor index sank 4.6 percent, with all 30 members in the red, its biggest drop in about two months.

In Asia, chip stocks from Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) to Samsung Electronics Co, SK Hynix Inc and Tokyo Electron Ltd slumped. Investors are growing increasingly skittish as the notoriously cyclical industry is hurtling toward a prolonged slump after years of widespread shortages that led to heavy investments in capacity.

 

“We continue to believe we are entering the worst semiconductor downturn in at least a decade, and possibly since 2001 given the expectation of a recession and inventory build,” Citigroup Inc analyst Christopher Danely said in a report. “We expect every company in our coverage universe and every end market to experience a correction.”

The warning from Micron came after disappointing results from Nvidia Corp, Intel Corp and Advanced Micro Devices Inc.

Highlighting the speed with which demand is evaporating, Micron said orders have deteriorated since the company last gave an update just more than a month ago.

While the PC market had already been in a slump, the weakness in demand is now spreading widely.

“Our feedback is yes, [there’s] some slack on the consumer side. But we don’t see that in instrumentation, military, aerospace, medical types of systems, telecom, data storage, automotive, drones or aeronautic types of applications,” said Granahan. “In all those other segments, we still see very heavy demand.”