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The crisis in the semiconductor industry forced manufacturers to increase their activity as market demand greatly exceeded their current capabilities. TSMC had to increase its production of automotive chips by 30% in the first half of the year compared to the same period last year. The top nine chipmakers had a record $ 64.7 billion in finished product inventories as of mid-year.
This is what the Japanese edition of the Asian Nikkei Review. Statistics from TSMC, Intel, Samsung Electronics, Micron Technology, SK hynix, Western Digital, Texas Instruments, Infineon Technologies and STMicroelectronics show that listed companies increased the share of commodities in the stock structure to a record 24% at the end of March this year. Everything indicated that they were going to increase the volume of production.
At the same time, the rate of increase in warehouse inventory has been slower than the rate of sale of finished products. On the other hand, the increase in stocks alone cannot adequately reflect the state of affairs with the demand for crisps. Automakers, for example, have learned a bitter lesson from the deficit that hit the industry at the end of last year, and now prefer to work not “on wheels”; but to build up a stock of components several months in advance. At the same time, car manufacturers are trying to increase the number of chip suppliers in order to reduce the risks.
Representatives of Infineon Technologies have complained about excessive duplication of customer orders; thanks to which the order book has already formed two years in advance.
Stocks of finished tokens hit a record high at the end of June
Duplicate orders are very difficult to isolate, but they can ultimately lead to excess production. Omdia experts expect the memory chip market in the next half year; supply will exceed demand and prices will fall. Meanwhile, chipmakers are successfully increasing their profits. The top ten market leaders in terms of capitalization increased their net profit by 60% compared to the same period last year. TSMC and Intel intend to make significant capital investments in the construction of new production facilities; we expect a similar step from Samsung Electronics.
It should be mentioned that Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chip maker, recently overtook Chinese tech giant Tencent to become the most valuable company in the Asian region.
The change in leadership comes amid a spate of crackdowns on Chinese tech companies. In recent months, this has resulted in a significant depreciation of the assets of many companies, including Tencent and Alibaba. In turn, TSMC became the leader on August 17. At present, the Taiwanese manufacturer is the most expensive company in Asia, its market capitalization reaches 538 billion dollars. Tencent came in second with an indicator of $ 536 billion. Among the three leaders we have Alibaba with a market capitalization of $ 472 billion.
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