![]() ![]() TI still price aggressive in direct deals, turning more competitive on TI.com in China seen as pivoting enforcing NCNRs in 2Q.TI continues to see execution/supply challenges, due to lower mfg.It may help their short-term numbers, but it is another nail in the coffin for customers. It is really pissing off customers that TI is doing this. This is making our customers push out our orders because they are getting over-inventoried. TI has started to enforce NCNR orders and shove parts to customers. Bookings have really dropped in the past month we are only booking small orders.Those who have LTSAs say they will buy only 80% of what they committed for the year saying won’t buy more unless we lower prices for the remaining 20%. Customers are backing out from 2H orders to exert pressure on suppliers like us. Expectations for a broad recovery in bookings are now pushed out to 4Q23/1Q24. ![]() 2Q POS globally looks flat to down Q/Q across markets, POA is worse. B2B for all suppliers in the channel is between 0.6x and 0.7x.Auto customers noted as increasingly pressuring suppliers to lower prices, requesting revisions to LTSAs, and in some cases lowering 2H shipment commitments as a strategy to put pressure on suppliers.2H demand projected flat to down vs 1H on continued soft macro and inventory rebalancing, with more downside than upside risk.B2B <1 broadly with bookings recovery timeline pushing out to 4Q23. 2Q noted as tracking flat/down Q/Q, relatively in-line.Industry Downticks M/M Automotive Moderating with Increased Pressure on LTSAs/Pricing Key Takeaways Note: This is not the full Insights report, if you are interested in receiving the full report, please click here to schedule a call to discuss the requirements. Limited Change to Fundamentals M/M, Backlogs Supporting Shipments, Inventory Remains Problematic Component Insights – June 2023 Important Disclosures in the Appendix ![]()
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