Chipmakers see a flat future in H2


Reporting Q2 numbers and issuing Q3 guidance, chipmakers like ON Semiconductor Corporation (Nasdaq: ONNN), Texas Instruments Incorporated (TI, NASDAQ:TXN), STMicroelectronics (ST, NYSE:STM), AMD (NYSE:AMD), and Intel Corporation (NASDAQ:INTC) consistently reported flat or lowered guidance, citing macro economic conditions.

??? ONNN will be looking for a new CFO, with Donald Colvin vacating the post within 90 days. ONNN also authorized its first share repurchase program.

??? Fab under-absorption charges will weigh on TI in Q3 and into Q4, analysts point out.

??? ST said it will reduce its 2012 capex plan by about 25%, down to $500 million to $600 million.

??? AMD reported lower channel demand for AMD desktop processors in China and Europe.

??? Intel still expects a solid 2012, despite softer demand and a lower Q3 guidance, partly due to downstream supply chain participants managing inventories leaner ahead of the Win8 ramp in 4Q12.

??? Following basically flat FYQ3 revenue and outlook for Q4 flat to down slightly, Infineon froze headcount and sharply reduced investments planned for FY2013.

??? Qualcomm Incorporated (Nasdaq:QCOM) says growth estimates are now moderated to be ???more back-end loaded,??? with a lower outlook for semiconductor volumes in FYQ4. QCOM is ramping 28nm chip supply, aiming for a strong December quarter.

Solid State Technology, Volume 55, Issue 7, September 2012