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Electronics Industry Shows Mixed Results as Near-term Slowdown Looms

AMD missed quarterly guidance as sales to the PC market fell.
While the weak PC market wreaked havoc on microprocessor suppliers, other companies continued to benefit from the industry’s uptick over past few years. The near-term outlook is uncertain.

The momentum that permeated the electronics industry throughout a good part of the last few years has shown signs of cooling off recently. Overall, September quarter earnings were a mixed bag. Companies addressing markets as automotive and high-end computing seem to have held their own, but those that address the PC and server markets, such as Intel and AMD, have seen their fortunes tumble amidst a downturn in PC demand.

The PC market, which saw robust demand during the midst of the COVID-19 crisis that led to a surge of PC purchases for remote work, has done an about-face as demand has fallen off the cliff and many workers are returning to offices. The other problem over the past few years has been shortages of many semiconductors and other electronics parts. While this remains an issue in industries such as automotive, there is evidence some inventory corrections are starting to occur and that may eventually bring the supply and demand balance into more of an equilibrium.

In the gallery that follows, we summarize the earnings results for key electronics suppliers. 

Spencer Chin is a Senior Editor for Design News covering the electronics beat. He has many years of experience covering developments in components, semiconductors, subsystems, power, and other facets of electronics from both a business/supply-chain and technology perspective. He can be reached at [email protected]

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