Market Insights - Q4 2023 - New Design - Flipbook - Page 15
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NXP
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NXP Semiconductors' shares rose in after-hours trading after the company reported third-quarter results and provided
guidance for the fourth quarter that exceeded expectations, with adjusted earnings forecast between $2.71 and $3.13
per share and sales expected to be between $3.3 billion and $3.55 billion.
Onsemi
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Onsemi (ON) shares plunged over 18% after the chipmaker provided guidance for the current quarter that fell below
expectations, citing "pockets of softness" in sales and expressing concerns about risks from higher interest rates. The
company reported third-quarter earnings per share (EPS) of $1.39, down from $1.45 a year ago, and revenue declined
0.5% to $2.18 billion. The guidance for the current quarter is for EPS of $1.13 to $1.27 and revenue in the range of $1.95
billion to $2.05 billion, below analysts' expectations.
The company has completed a silicon carbide (SiC) wafer manufacturing facility, named S5 Line, near Seoul, South Korea,
with a capacity of over 1 million 200mm SiC wafers per year when fully operational, catering to the demand for SiC-based
semiconductors used in electric vehicles and high-powered EV chargers. The facility is part of onsemi's $1.04 billion project
to expand its power semiconductor manufacturing facilities in Bucheon, and is expected to create up to 1,000 new jobs in
the next three years.
Panasonic
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Tesla shares dropped nearly 5% following Panasonic's announcement of reduced battery cell production, raising concerns
about sluggish electric vehicle (EV) demand, particularly for higher-priced models like Tesla's older Model X SUVs and
Model S sedans, which use Panasonic cells. CEO Elon Musk had earlier highlighted challenges with the Cybertruck and
warned about the impact of higher interest rates on EV affordability during Tesla's Q3 earnings call on October 18,
contributing to an over 18% decline in Tesla shares since that call.
Panasonic showcased its vision of coexistence between humans and robots at the 25th International Robot Exhibition (iREX)
inTokyo. The booth's theme was "Augment Possibility with Robots," featuring about 10 robots and technologies covering
healthcare, logistics, and communications. Highlights included a unique robotic gripper for delicately handling objects, and
the HOSPI Trail autonomous delivery robot for hospitals. Panasonic aims to enrich people's lives by using robotics to address
various challenges and enhance human potential. The gripper's light touch and versatile capabilities make it suitable for tasks
like piece picking in logistics, while HOSPI Trail helps alleviate staffing shortages in hospitals.
Panasonic Energy has announced a partnership with Sila for the procurement of next-generation silicon anode material for
electric vehicle (EV) batteries.
Panasonic has commenced operations at its new R&D building in Malaysia, equipped with advanced facilities, including its
first multi-purpose laboratory, to expedite the development of air conditioning equipment for the global market, primarily
in ASEAN and Europe, and cater to local needs.
Panasonic
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Japanese chip start up Rapidus, a consortium backed by major firms including Toyota, Sony, and NTT, faces challenges
including labour shortages, housing, and noise concerns as it aims to revive Japan's semiconductor industry by achieving
mass production of 2nm logic chips by 2027.
Samsung
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Samsung's semiconductor business reported losses of 4.58 trillion won and 4.36 trillion in the first and second quarters,
respectively, facing challenges due to oversupply and reduced demand for devices; however, Q3 is expected to show a
better- than-expected 3 trillion won loss, indicating potential for recovery.
Samsung and SK Hynix have received indefinite waivers to ship U.S. semiconductor manufacturing equipment to their
China factories without separate U.S. approvals, resolving a significant trade issue for the South Korean semiconductor
companies.
Samsung's "Micro Miracles" is a ground-breaking 60-second film that utilizes state-of-the-art 3D nanoprinting and
nanoflight® technology to showcase the diverse applications of semiconductors through microscopic models of everyday
and extraordinary technologies, such as a woman conducting a video call in the palm of her hand and launching rockets
into space.
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