Lead times — the gap between when a chip is ordered and when it is delivered — averaged 26.3 weeks in the period, according to research by Susquehanna Financial Group. That compares with nearly 27 weeks the prior month.
Wait times contracted for all key product categories, with power-management and analog chips seeing the biggest declines, Susquehanna analyst Christopher Rolland said in a research note. A global chip shortage bedeviled a wide range of industries in the past year, with automakers and other manufacturers struggling to get enough semiconductors. Pockets of supply constraints remain, but now many chipmakers are concerned about the opposite problem: chip inventory getting too high.
A sales slowdown in certain markets, such as personal computers, has left Intel Corp. and Advanced Micro Devices Inc. with less demand than expected. AMD’s third-quarter sales
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Business Maverick: China stocks slide as Xi disappoints on Covid Zero policyTraders in China hoping for signs of a shift away from Covid Zero and further support for the ailing property sector were disheartened by President Xi Jinping’s speech, spurring a decline in stocks. The benchmark CSI 300 Index slid as much as 0.9% on Monday, after anticipations ahead of the twice-a-decade Party Congress contributed to a jump on Friday. A gauge of Chinese equities listed in Hong Kong slumped as much as 2.2%. 0.9%?
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Business Maverick: Mercedes unveils latest electric SUV aimed at Tesla’s Model YMercedes-Benz Group AG is broadening its battery-powered lineup with a sport utility vehicle that will take on Tesla’s Model Y in another step toward the vehicle manufacturer’s goal to go all-electric by the end of the decade. Great idea for the international market. Not gonna work in SA.
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Business Maverick: Asian stocks drop, dollar slips amid wary trading: markets wrapAsian equities fell while major currencies made gains against the dollar in a cautious open to the week following further weakness on Wall Street and a defiant message to the world from China’s Communist Party congress.
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