With demand for consumer MCUs and other mass-market chips falling, second- and third-tier foundries have started cutting their prices, according to sources at IC design houses.

Global supply chains remain disrupted as the COVID-19 pandemic enters the third year and the war in Ukraine creates chaos in Europe-Asia transportation. Expert Mark Millar said the disturbance offers companies an opportunity to reevaluate their sourcing and production, considering a more regional approach going forward. He also expects global supply chain reconfiguration to last through 2025 to 2030, with some businesses nearshoring and reshoring.

High-frequency microwave device maker Universal Microwave Technology (UMT) has reported gross margin hit a record high of 47% in June.