[Core Information] ST lowers its full-year forecast, Serip disbands MCU team

1. ST’s net profit plummeted by more than 60%, MCU business plummeted, and full-year expectations were revised downwards

• Q3 revenue was $3.25 billion,Year-on-year - 26.6%;Net profit of US$353 million,Year-on-year - 67.8%
• MCU revenue $829 million, year-on-year - 43.4%, the most significant decline
• Full-year revenue guidance is approximately US$13.27 billion,Year-on-year - 23.2%, falling within the lower limit of previous expectations
• Q4–2025Q1 is expected to decline far beyond normal seasonality

2. Serip disbanded the MCU team and adjusted and left the 80-person team

• Spending in 2021200 million yuanEntering the MCU, there is almost no revenue so far
• The team included many former TI China MCU R&D personnel and was disbanded as a whole.
• DE positions are transferred internally to signal chain and PMS; AE/PM and other positions are outflowed
• Main reason:The MCU market is extremely involution, with no hope of profitability

3. Renesas’ Q3 revenue fell 9.7% year-on-year, automobiles bucked the trend, and the industry fell sharply

• Revenue 345 billion yen,Year-on-year - 9.7%; Net profit 86 billion yen,Year-on-year - 20.6%
• Automobile business 185.5 billion yen,Year-on-year + 10.3%, the only growth sector
• Industrial/Internet of Things 158.2 billion yen,Year-on-year - 24.3%, dragging down the overall
• Q4 outlook revenue is 278.5 billion yen,Year-on-year - 23.1%

4. UMC’s Q3 revenue increased by 6% year-on-year, 28nm + special process became the main force

• Revenue was NT$60.49 billion, +6.5% sequentially,YoY + 6%
• Wafer shipments +7.8% month-on-month, capacity utilization 71%
• 22/28nm contributes 35% of revenue, and special processes account for 53.1%
• The new factory in Singapore is about to be completed, and Intel cooperation is advancing as planned

5. Huirong’s Q3 performance increased significantly, but Q4 outlook declined quarter-on-quarter

• Revenue $212 million,YoY + 23%; operating profitYear-on-year + 63.3%
• SSD master control + 20%~25% year-on-year, eMMC/UFS + 40%~45% year-on-year
• Q4 revenue outlook is US$191~202 million, QoQ -10%~-5%

6. Canalys: Q3 global mobile phone shipments +5% year-on-year, the strongest Q3 in three years

• Total shipments were 309.9 million units,YoY + 5%
• Ranking: Samsung>Apple (history high for the same period)>Xiaomi>OPPO>vivo

7. NXP joins hands with GLOBALFOUNDRIES 22FDX to create high-performance automotive chips

• adopt22FDX FD-SOIProcess, power consumption reduced by 70%, performance improved by 50%
• support150℃ high temperature, meeting stringent vehicle regulations with reliability
• Dresden + New York dual-line manufacturing to ensure supply chain security