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Texas Instruments: "Investors want to see signs of demand recovery or the completion of channel inventory correction. TI's outlook gave them what they were looking for," said Summit Insights analyst Kinngai Chan.
Resesarch firm TrendForce anticipates a continuation of production cutbacks in both DRAM and NAND Flash sectors in 2024.
United Microelectronics Corp. (UMC) continues to observe customers adjusting inventory levels, albeit at a slower rate than expected, while cyclical shifts in the business climate persist, according to company co-president SC Chien. There are no indications that demand will recover significantly in the second half of this year, said Chien.
Hon Hai said it will build EV battery packs in Ohio and Wisconsin as it expands capacity in the US alongside further international expansion in India, Vietnam, Thailand and Mexico.