June 2024 Chuangxin Index Analysis Report｜The top hot search spot has changed hands, and component demand hotspots are ushering in structural changes

Relying on the massive traffic and underlying data of the IC trading network,Core IndexUpgraded to a cloud-based real-time component data analysis tool, it can visually present industry time-sharing prices, shipments, inventory levels and real demand trends, providing data support for procurement and stocking, market research and judgment, and alternative selection.

1. Overall market overview in June: The mid-year off-season is weak and industrial layout moves are frequent.

June is the traditional slow season in the middle of the year for the electronics industry. The overall willingness of terminals to stock up is weak, and the market is dominated by the rotation of local hot spots.However, leading semiconductor companies continue to be active in expanding production and integrating:

1. compound semiconductor: STMicroelectronics and ON Semiconductor plan to vertically integrate silicon carbide to build factories; Infineon speeds up SiC production lines in Malaysia; Renesas acquires gallium nitride manufacturer Transphorm; Wingtech Nexperia Germany expands production and increases GaN devices.
2. memory chip: AI server HBM continues to occupy general DRAM production capacity, and industry shortage expectations are rising; AI servers drive NAND demand upwards, Kioxia is fully operating its production capacity, and Samsung is planning to increase prices.
3. Foundry: AI chips are driving the shortage of advanced manufacturing processes, and TSMC is reporting price increases; mature manufacturing processes are also booming, with NXP joining forces with the world's leading companies to lay out automotive/industrial production capacity, and Huahong Semiconductor, which is fully loaded with production capacity, is also expected to raise prices.

4. Terminal consumption: Institutions predict that mobile phone shipments will pick up throughout the year and AI PC penetration will continue to rise, laying the foundation for demand for the peak season in the second half of the year.

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2. Inventory of the TOP10 hot searches in June: DSP has reached the top, and the STM32 series is differentiated between hot and cold.

The hot search pattern has obviously changed this month.DSPIC30F2010-30I/SPThe STM32F103C8T6 has replaced the long-term leader STM32F103C8T6 at the top of the list, marking a change in the market demand structure.

Core market highlights

1. Microchip DSP models go viral
3. The search volume for DSPIC30F2010-30I/SP exceeded 41,000 times, doubling month-on-month, and the price increased by 18.36%; same series but different packagesDSPIC30F2010-30I/SOSearch volume soared 289.66% month-on-month, prices soared 96.08%, and demand for industrial control, power supply, and medical equipment was concentrated.
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5. ST MCU is obviously differentiated
6. Popular old styleSTM32F103C8T6The search volume fell by nearly 30% month-on-month, and the price dropped slightly; basic economic modelSTM32F030C8T6Search volume bucked the trend and grew by 50.08%, highlighting the need for low-end substitution and cost reduction.
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8. Performance of other popular models

   ADI analog-to-digital converterAD7606BSTZDemand is rising steadily; old accelerometersLIS3DHTR, TI industrial control MCUTMS320F28335PGFAThe popularity continues to fall; TI Darlington transistorsULN2803ADWRDemand is weak but prices are rising against the trend.
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Overall price level: Except for the price increases of two DSPICs and ULN2803ADWR, the prices of most STM32 and general materials have remained flat or continued to fall. The industry is still in a state of decline.destocking cycle, a full recovery needs to be driven by peak season demand.

3. Inventory fluctuations in June TOP10: obvious off-season characteristics, demand scattered in points

The inventory change list in June shows typical off-season characteristics: popular models in the early period generally have a decline in sales and inventory returns; onlyOptocoupler, ESD protection, automotive MCU, passive components, 8-bit MCUThere is a strong willingness to stock up on other sub-categories.

• Inventory growth categories: Murata magnetic beads, Silicon Labs 8-bit MCU, NXP automotive grade MCU, TI logic devices, etc.;

• Inventory removal categories: ADI RF devices, Toshiba optocouplers, Jinshengyang power modules, Infineon sensors, TI ESD protection chips, etc.;

  The overall demand hotspots are scattered and single-point outbreaks are the main ones, and the sustainability needs to be verified in subsequent peak seasons.

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4. Supply and demand pattern and market outlook prediction

1. Universal chip: ST, TI mainstream general-purpose materials are in sufficient supply and delivery times are shortened. Prices continue to be weak under pressure in the off-season.

2. Automotive Semiconductors: The phased demand for new energy vehicles is slowing down, and NXP and Infineon car cores are mainly focusing on inventory digestion.

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4. Out-of-stock prices and price increases are concentrated in the AI industry chain

5. Storage: Samsung plans to increase the prices of DRAM and NAND by 15%–20%, and the industry has strong bullish sentiment;
   OEM: TSMC plans to increase process quotations next year, with AI chips increasing by 5%–10% and non-AI categories increasing by 0%–5%.

6. Market characteristics: The current market is concentrated inSuspension of production / temporary suspension of scarce materials, industrial control DSP, AI upstream and downstream storage and foundry, general consumer electronics materials are still in a weak recovery stage.

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5. Value of Chuangxin Index