China s consumer electronics market demand is not expected to recover significantly until the second half of the year despite a recent pick-up in retail sales, and the Double 11 shopping festival will be a critical indicator of the recovery momentum, according to China-based MCU and flash memory chips supplier GigaDevice Semiconductor.
Demand for MCU, after hitting the bottom in the first quarter, is expected to start picking up in the second quarter with China s recovery from the COVID-19 pandemic, according to sources from the upstream supply chain.
Consumer MCU specialists Holtek Semiconductor and Nuvoton Technology are both looking to expand their deployments in non-Chinese markets, while anticipating overall market demand will gradually pick up later this year.
Energy and Power Quality Meters Market Development Trends, Key Manufacturers And Competitive Analysis 2022-2029 | Top Players: Eaton, Danaher, Siemens, ABB