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The risk of recession forced the growth rate of global chip sales to slow down for the sixth consecutive month

Update time : 2022-08-06 10:59:01

In recent decades, the three-month moving average of electronic components sales has become increasingly relevant to the global economic performance. Recently, the market has become increasingly worried about the economic recession. At the same time, Samsung and other large semiconductor chip manufacturers are considering reducing their investment plans.
In a world that increasingly relies on digital products and services, semiconductor chips are key components. Especially during the epidemic, a lot of work and teaching are carried out online.
Now, as major central banks began to scramble to raise interest rates to cope with rising inflation, as well as geographical conflicts and supply chain bottlenecks, the market's outlook for the global macro-economy has quickly turned pessimistic in the past few months, and semiconductor chip sales have begun to cool.
Trade data from South Korea, the world's largest memory chip producer, also showed signs of an international economic downturn. The country's semiconductor chip export growth slowed to 2.1% in July from 10.7% in June, slowing for the fourth consecutive month. In June, the semiconductor chip inventory in South Korea increased by the most in more than six years.
The slowdown in the growth rate of major economies in the world, and even into a technical recession, is an important reason for the sharp decline in the demand for semiconductor chips.
In the United States, GDP fell for two consecutive quarters, although the U.S. government still refuses to admit that the U.S. economy is in recession. In Europe, factory activity fell sharply in June, further worsening the economic outlook in Europe and the world.
Nevertheless, the International Monetary Fund believes that the global economy will show positive growth this year, and the slowdown in chip sales does not mean that a recession is imminent.
However, this important change is enough to make the market realize that the growth rate of chip sales has slowed down from the recent chip shortage to today, which means that the prospects of products from cars to smartphones and computers are worrying.
Stocks of large semiconductor chip companies fell one after another
In the past two years, during the epidemic, when people bought a large number of smartphones, cars and game consoles, supply chain disruptions, production and transportation delays led to a global shortage of chips, and the stocks of semiconductor companies were also hot.
At that time, many analysts and semiconductor manufacturers predicted that the demand for chips would be in short supply for a long time, and semiconductor companies would have to increase production to cope with the "chip shortage".
But now, this situation has been significantly reversed.
In major economies, sales of smartphones and PCs are slowing as sharp inflation erodes consumers' purchasing power. At the same time, the rapidly rising interest rate is threatening the economic growth of the United States and the world, making enterprises more cautious about spending, thus reducing the purchase of large electronic products.
In recent months, the price of memory chips used in many electronic products has fallen. Although the demand for semiconductors used in cars and data centers is still large, some semiconductor manufacturers are already preparing for a slowdown in sales in these areas.

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