Semiconductor sales had a weak turn up last week, as they stayed well below 2019 levels. It's the new-normal of weak end-of-quarter finishes, as COVID shifts the silicon cycle to the right.
Focusing on the Logic picture this week: the 13Wk MA shows it to be on a solid recovery path, even though September has been notably weak. Last week recorded growth for NAND, Logic, Auto, Analog & Power. DRAM had a 3rd week of declining.
Semiconductor Supply & Demand held at tight as the weather warmed. DRAM, now in its second week of shortages, tightened in the 3Q NowCast. Weekly results showed Foundry tightening over the previous 7 days.
The rising trend in electronics prices is being challenged by new weakness in Notebooks and Consumer, which have been the drivers. Mobile is a dead weight holding it down.