[Core Information] STMicroelectronics and Texas Instruments continue to adjust their performance, and automotive demand needs to recover
1. STMicroelectronics’ Q2 revenue fell 25.3% year-on-year, and its full-year revenue outlook was revised downwards
STMicroelectronics released its second quarter results for 2024, with quarterly revenue of US$3.23 billion, down 25.3% year-on-year; net profit of US$353 million, down 64.8% year-on-year; gross profit margin was 40.1%, down 8.9 percentage points year-on-year.
Corporate executives said that revenue from the automotive business fell short of expectations, offsetting growth in the consumer electronics sector; industrial orders did not improve and automotive demand weakened.The company forecast third-quarter revenue of $3.25 billion, with the full-year revenue range revised down to $13.2 billion to $13.7 billion.
2. Texas Instruments’ performance continues to adjust, industrial and automotive applications are weak, and other end markets are picking up.
Texas Instruments' Q2 revenue in 2024 was US$3.822 billion, a year-on-year decrease of 16%; net profit was US$1.127 billion, a year-on-year decrease of 35%; gross profit margin was 57.8%, a year-on-year decrease of 6.4 percentage points.
The business end is under comprehensive pressure: analog business revenue fell 11% year-on-year, and embedded processing business fell 31% year-on-year.
TI pointed out that
The industrial and automotive markets are still weakening month-on-month, other end markets such as personal electronics, communications, and enterprise systems have achieved growth; the company's cash flow is stable and it relies on its product portfolio and 300mm wafer production capacity advantages to resist the cycle.The revenue range for the third quarter is expected to be US$3.94 billion to US$4.26 billion.
3. SK Hynix’s Q2 revenue hits record high, AI memory demand explodes
SK Hynix's performance in the second quarter of 2024 was outstanding. Consolidated revenue, operating profit, and net profit all increased significantly. Quarterly revenue hit a record high, and operating profit returned to the 5 trillion won level after six years.
Benefiting from the urgent demand for AI-specific memories such as HBM and eSSD, the prices of superimposed DRAM and NAND continued to rise, and revenue increased by 32% month-on-month.The industry predicts that the demand for high-performance storage for AI servers, PCs and mobile devices will continue to be strong in the second half of the year, and demand for general-purpose memory will also pick up simultaneously.
4. Tesla’s Q2 revenue increased year-on-year, but profits fell sharply
Tesla's revenue in the second quarter of 2024 was US$25.5 billion, a slight year-on-year increase, exceeding market expectations; however, profits were obviously under pressure, and adjusted earnings per share fell sharply year-on-year, lower than analysts' expectations.
Provision for restructuring and related expenses for the current period was US$600 million, with GAAP operating profit of US$1.6 billion and net profit of US$1.5 billion. Despite the pressure on the industry's operating environment, Tesla still achieved a record high in quarterly revenue.
5. The world's most advanced 12-inch new factory in Singapore will start construction in the second half of the year, focusing on automotive and industrial chips
The world's most advanced wafer foundry, the Singapore 12-inch factory, will officially start construction in the second half of this year. The process covers 0.13μm to 40nm. The technology is transferred from TSMC. It focuses on PMIC, analog, and mixed-signal chips. It focuses on the industrial and automotive markets, with a small amount of supporting consumer electronics.
Production capacity planning: Equipment will be moved in at the end of 2026, and small batches will be put into production in 2027. The monthly production capacity will be 10,000 pieces in 2027, 30,000 pieces in 2028, and 55,000 pieces/month in 2029. At present, more than 50% of the production capacity has received long-term lock-in orders from customers, and the subsequent capacity utilization rate is expected to remain high.
6. STMicroelectronics launches 750W motor driver reference board, suitable for home and industrial scenarios
STMicroelectronics releasedEVLDRIVE101-HPD 750W Motor Driver Reference Board, using a circular PCB design with a diameter of only 50mm, integrating a three-phase gate driver, STM32G0 MCU and a 750W power stage.
Equipped with STL220N6F7 MOSFET, it has low conduction internal resistance, excellent energy efficiency, and supports plug-and-play. It has built-in power-saving power-off circuit, Vds monitoring, undervoltage, overheating, anti-cross conduction and other multiple protections, and is suitable for the development and design of household equipment and industrial motor control.
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