Strategy Analytics research director Sravan Kundojjala has said that in 2Q22, the inventories of the world’s major IC design companies increased by 13% QoQ, reaching a new high since 2019, but the cumulative revenue fell by 1%, marking the fourth consecutive quarter that the growth rate of inventory outpaced that of revenue. Income growth phenomenon. Kundojjala pointed out that in terms of inventory turnover days of major manufacturers, AMD and Broadcom are at relatively ideal levels, while Qualcomm’s inventory levels continue to rise, while Nvidia and MediaTek show signs of inventory adjustment in 2Q22, and are expected to be further revised in 2H22. In addition, Kundojjala also reminded that the inventory of IDM enterprises is also rising, reaching a new high in 3 years at the same time as fabless vendors, and they are also facing the pressure of destocking. (Laoyaoba, Sina)
According to Strategy Analytics data, the proportion of TSMC’s revenue from Apple has gradually increased in recent years. Between 2016 and 2021, TSMC’s revenue from Apple rose 24%, while non-Apple revenue grew only 11% over the same period. In 2021, TSM’’s average revenue from its top 10 customers is USD4B. Among them, among TSMC’s top 10 customers, Apple’s share of revenue has also increased from 25% in 2016 to 37% in 2021. (Laoyaoba, CSIA, UDN)
