Texas Instruments: Inventory glut is over / Orders increaseLooks like the lithium inventory glut is over.
Texas Instruments which sells electronic components to the automative markets suffered because of an inventory buildup similar to lithium build for EV market.
Texas Instruments has stated that glut is now over and orders are returning.
Here is the article: (Bloomberg) -- Texas Instruments Inc. provided a sales outlook that signals an inventory glut is coming to an end, reassuring investors that a revival is underway in key markets for the company’s chips.
Suppliers of electronic parts used in the industrial and automotive markets have seen their growth wiped out by slowing orders from customers who have found themselves stuck with too much inventory.
Texas Instruments’ forecast stoked optimism that orders may now be on the rise....
Texas Instruments Chief Executive Officer Haviv Ilan said that China, which is the largest market for semiconductors, has returned to growth after its electronics makers finished drawing down their stockpiles of unused components.
Europe and Japan are still in the early phase of that process, Ilan said.
Within the company’s industrial segment, about half of the markets are still working through inventory while others have returned to increasing orders, he said.
https://www.bnnbloomberg.ca/business/company-news/2024/07/23/texas-instruments-gives-in-line-outlook-eases-downturn-fear/