Summary of 2023 Q2 financial reports of many major chip manufacturers（1）

【Lansheng Technology Information】Recently, major chip manufacturers have successively announced their Q2 financial reports for this year. Lansheng Technology has sorted out the Q2 revenue of TI, ST, NXP, AMD, Renesas and other chip manufacturers. Perhaps we can learn about the status of the chip industry. Current status and development prospects in the second half of the year.

1. TI's Q2 revenue in 2023 will be US$4.53 billion, an increase of 3% from the previous quarter, but a decrease of 13% from the same period last year, and a net profit of US$1.722 billion, a decrease of 25% from the same period last year. As TI's trump card business, analog chip revenue fell 18% to $3.2 billion from the previous quarter.

TI said that in addition to the automotive business, other end markets were weak, and customers continued to cut orders for new chips and instead relied on existing inventories. TI's own chip inventory has further increased, and the current inventory cycle has climbed to 207 days.

Looking forward to the next quarter, TI predicts that its revenue will be between US$4.36 billion and US$4.74 billion, which is lower than market expectations and indicates that the entire chip industry is still struggling.

2. ST's 2023 Q2 revenue will be US$4.53 billion, a year-on-year increase of 12.7%, and its net profit will be US$1 billion, a year-on-year increase of 15.5%. Both revenue and profit exceed market expectations.

The strong demand in the automotive and industrial markets has driven the overall performance of ST to continue to improve. ST's Automotive and Discrete Group (ADG) revenue rose 34% to $1.96 billion last quarter, accounting for 45% of overall revenue.

ST CEO said that ST's revenue performance continued to be driven by growth in the automotive and industrial segments, but was partially offset by a decline in personal electronics revenue.

3. NXP's Q2 revenue in 2023 is US$3.3 billion. Although the revenue fell slightly by 0.4% year-on-year, it exceeded market expectations of US$3.21 billion.

The automotive business has become the main revenue force of NXP. This quarter, the automotive business revenue reached US$1.866 billion, an increase of 2% month-on-month and 9% year-on-year, accounting for about 56.5% of the total revenue, more than "half of the country."

The CEO of NXP said that all of NXP's key terminal market revenue trends were better than expected, and the excellent performance made NXP believe that it is successfully surviving the cyclical downturn in consumer business.

In addition, due to the continued strength of the automotive, core industry and communication infrastructure businesses, NXP has also raised its Q3 revenue forecast. It is expected that Q3 revenue will be between 3.3 billion and 3.5 billion US dollars. It is understood that most of NXP's production capacity in the second half of the year is reserved by the demand in the automotive field, and the main growth point of NXP in the second half of the year is still automotive chips.

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