Semiconductor sales turned up in a normal seasonal run to the end of the quarter. The IC weather warmed 0°F last week. Semiconductor Sales growth continues to slow due more to 2020 comps than a real decline. This can be seen with sales indexed to the mid-Dec 2018 peak. Sales for all segments have been up and to the right since March. But CAGRs from this peak are really abnormally high.
VLSI's IC Supply/Demand indices held at Tight last week with OSAT dropping a notch and More than Moore Foundry falling two. DRAM, More Moore, and Analog & Power weakened, while NAND, IDM, & Auto ICs were stronger.
Semiconductor Sales growth continued to be high for DRAM, which is still recovering from the glut in 2019. While growth is high, sales volumes are still below December 2018 peak sales which is why we expect growth to continue to be strong in 2022.
Electronics' Retail Prices are starting to rise again.