1.Analysis of Key Issues
1.1 IC Design
1.1.1 Sluggish Market Demand Slows Down Inventory Clearance
1.1.2 The Urgent Demand for Large-size Panels is Short-lived and DDIC Suppliers are Seeking to Expand in the Auto Market
1.2 IC Manufacturing
1.2.1 Demand for Display Driver ICs and PMICs Dips While Capacity Utilization Rate of 90nm and Above Processes at Foundries Decreases Significantly
1.2.2 The Volume and Price of DRAM Drops Significantly and Demand for Flash Memory Remains Weak
1.3 IC Packaging and Testing (OSAT)
1.3.1 OSAT Companies are Not Busy in the Peak Season While Inventory Clearance Continues
1.3.2 The Weak Demand for Memory ICs Forces Back-end OSAT Utilization Rate to Drop
2.Outlook for the Industry
2.1 IC Design
2.1.1 Brands Continue to Cut Product Prices and Consumer Market Demand to Remain Sluggish in 1H2023
2.1.2 Inventory Clearance of Memory ICs Expected to Continue into 2H 2023
2.2 IC Manufacturing
2.2.1 Capacity Utilization Rate of Leading Foundries is Not Satisfactory to Slow Down Shipment Growth
2.2.2 The Recovery Time of the Memory Market Remains Unknown Due to Low Order Visibility
2.3 IC Packaging and Testing (OSAT)
2.3.1 OSAT Companies Reduce Capex in Response to the Weak-seasonal Effect
2.3.2 Consumer Market Demand Remains Sluggish and OSAT Companies to Shift Focus to the Auto Market
Appendix
List of Companies