The current excess IC inventory has yet to be brought under control amid the still-sluggish demand for consumer electronics, according to market watchers.
The panel industry’s current inventory correction will likely end soon, with the related supply chain stabilizing in early 2023 and panel demand rebounding in the second quarter of 2023 at the earliest, according to market sources.
Launching the Mate 50 smartphone series on September 6, the CEO of Huawei’s Consumer Business Group, Richard Yu, confirmed earlier speculations that the latest product could support satellite-based short message service (SMS). A day earlier, Huawei had already released a teaser video indicating this capability. The official announcement marks a new chapter for the global telecommunications and smartphone industry, especially when Apple’s iPhone 14, due to be launched on September 7, is rumored to possess a similar capability. Despite the fact that an an over-the-air upgrade is needed to enable the function and that current coverage is limited to China, Yu said that Mate 50 is the world’s first smartphone supporting SMS based on China’s homegrown BeiDou Navigation Satellite System, and would allow users to send emergency text messages and locations via satellites, even in areas beyond territorial network coverage.
IC analysis and certification lab Material Analysis Technology (MA-tek) is expected to post a 20% revenue surge in 2022, thanks to a strong pull-in of orders from foundries, according to industry sources.