At its earnings call, Inventec stated that due to the poor market situation, the revenue for the fourth quarter of 2022 could see a small quarterly decrease at about the same level as the second quarter of 2022. In addition, since notebooks, servers, and smart devices all have chances for growth, it’s estimated that 2023 will still maintain positive growth.

As rapidly rising sales of new energy vehicle (NEV) keep driving demand for auto chips, BYD, the largest NEV seller and manufacturer in China, has decided to delay its IPO plan for its semiconductor unit, focusing on expanding its foundry capacity in eastern China.

High-frequency microwave device maker Universal Microwave Technology (UMT) remains optimistic about demand for low Earth orbit (LEO) satellites despite major customers’ shipment pull-in deferrals.