VLSI's Semiconductor Analytics report Semiconductor sales took a seasonal dip last week, but remain on a growth path for the year. The last 5 weeks have been above the same period in the peak year of 2018. Focusing on Analog & Power Semiconductors this week, sales have traced 2019 at a lower level when looked at on a 13 week moving average basis. In recent weeks, visible signs of a solid A&P recovery have emerged. This is confirmed in the 3Q20 Nowcast, which with 5 weeks in is targeting a quarter's end of +2%. Semiconductor Supply & Demand stayed tight last week.
The Semiconductor Supply-Demand stayed Tight. DRAM, NAND, IDM, Foundry, OSAT, and Analog & Power were unchanged. Everything but DRAM is balanced or tighter, with Foundry and OSATs in extreme shortage.
Overall, Integrated Circuit sales have been strengthening in the second half. The certainties moving forward continue to be: economies infected by the Coronavirus Pandemic, Governments slowing economic defibrillation, a slow tightening of what's been a tidal-wave of money, high levels of demand from the World's Economy being saved by semiconductors, and the 5/7nm demand ramps. The uncertainties are: An inventory surge with the level needed reset by COVID, Coronavirus resurgence, the worsening U.S.-China Relations, and the 2020 elections in U.S.