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Smartphone production rebounds by 13% in Q3, after eight quarters of year-on-year declines

What happened

Global smartphone production rebounded 13% QoQ to 308M units in Q3 2023, ending eight consecutive quarters of YoY decline, driven by reduced channel inventories and seasonal demand. This marks the first YoY growth (6.4%) since the pandemic began, signaling a recovery in end-market demand. Bullish: The sustained production recovery indicates rising demand for key smartphone semiconductors, potentially tightening supply and supporting spot prices for components like Mobile DRAM and NAND Flash.

Impact and signal

Medium impactImpact score: 45/100

Affected components and suppliers

Smartphone SoCMobile DRAMNAND FlashCISPMICMLCC

QualcommMediaTekSamsung Electronics SK Hynix Micron Technology Sony

demand-recoveryinventory-drawdownseasonal-demand

Source and time

Source: Semiconductor Today · 12/7/2023 · View original source

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Smartphone production rebounds by 13% in Q3, after eight quarters of year-on-year declines

What happened

Impact and signal

Affected components and suppliers

Source and time

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