semiconductor chip – pressnews

[ad_1] Chip delivery times shrank by six days in October, the biggest drop since 2016, adding evidence that demand for electronic components is falling off quickly. Chip delivery times shrank by six days in October, the biggest drop since 2016, adding evidence that demand for electronic components is falling off quickly. Lead times -- the gap between when a chip is ordered and when it is delivered -- averaged 25.5 weeks in the period, according to research by Susquehanna Financial Group. All major product areas are now available more quickly than they were and 70% of the companies surveyed by Susquehanna say they're able to supply chips more swiftly, analyst Christopher Rolland said in a research note. A swath of companies across the $580 billion industry have told investors th...

[ad_1] Semiconductor Manufacturing International Corp.’s earnings missed projections, reflecting a global pullback in spending on devices and computers. Semiconductor Manufacturing International Corp.'s earnings missed projections, reflecting a global pullback in spending on devices and computers. China's largest chipmaker reported $470.8 million in net income for the third quarter, up 47% from a year earlier, versus the $489.7 million average estimate. Revenue of $1.91 billion also trailed the forecast for $1.93 billion. The results underscore how SMIC is succumbing to US sanctions that've cut it off from critical American technology just as the market is slowing sharply. Washington in October enacted its most sweeping restrictions yet to try and counter China's technological ...

Tag: semiconductor chip

Chip Delivery Times Shrank Rapidly in October as Supply Crunch Subsides

China Top Chipmaker Misses Earnings Estimates as Sanctions Bite