Semiconductor sales were weak last week, as they dipped well below 2019 levels. Still, they were well above Q2. IC Price Pressure continued to be uplifting, as ASPs marked a 12th week of rising y/y growth.
Focusing on the Auto IC picture this week: the 13Wk MA shows it to be in a sharp V recovery. However, this hides what's been a miserable September. With 3Q20 in, Auto was the worst performer at -8%. NAND was best at +21%, then DRAM +14%, Logic +7%, Analog & Power -3%.
Semiconductor Supply & Demand closed out 3Q20 at Tight levels for the 3rd quarter in a row. Last week's conditions improved for OSATs, which jumped up two notches to Balanced as WAHE production overtook the drop-off from Huawei's woes. DRAM was also notably tighter.
Electronics Prices dipped down with weakness in every major category