2 1 Shi Ji Jing Ji Bao Dao·2025-04-29 13:01Core Insights - The power semiconductor manufacturers are expected to fall out of the top ten global semiconductor companies in 2024 due to the ongoing weakness in the automotive and industrial end markets [1] - Nvidia has surpassed Samsung and Intel to become the largest semiconductor company by revenue for the first time, according to Gartner [1] - The automotive semiconductor demand recovery has been postponed from Q1 2026 to Q2 2026 due to macroeconomic challenges and tariff uncertainties [1] Automotive Sector Performance - NXP Semiconductors reported automotive revenue of $1.674 billion in Q1 2025, down 6% quarter-over-quarter and 7% year-over-year, indicating a drag on overall performance [2] - STMicroelectronics experienced a significant decline in automotive revenue, with a 39% year-over-year and 34% quarter-over-quarter drop [3] - Texas Instruments noted a slight growth in automotive market revenue, with low single-digit percentage growth quarter-over-quarter [3][5] - The automotive chip market has been in a prolonged downturn, but some companies are beginning to see signs of improvement [3][5] Industrial and Communication Market Recovery - Texas Instruments reported a high single-digit percentage growth in the industrial sector after seven consecutive quarters of decline, with communication equipment growing approximately 10% [6] - The industrial market is showing signs of recovery, with evidence of inventory shortages among customers [7] - STMicroelectronics indicated that the industrial market's revenue performance is expected to improve, particularly in smart industrial sectors [7][8] Inventory and Market Dynamics - Despite improvements, overall inventory levels remain under pressure, particularly in the MCU segment for STMicroelectronics [8] - The automotive chip inventory has decreased significantly following adjustments in 2023-2024, but demand remains uncertain for 2025 [8]