高盛：中国 5 月_集成电路进出口额同比增长 8.9%
Goldman Sachs·2025-06-16 03:16
14 June 2025 | 5:29PM HKT Greater China Semis: May: IC import/ export value +8.9%/ +33.4% YoY Apr-May data (Exhibits 1-4): IC import volume was +9.9% YoY in May 2025 (vs. +7.6% YoY in Apr 2025), and import value was +8.9% YoY (vs. 11.1% YoY in Apr 2025), implying IC import ASP was down 1% YoY in May 2025. IC (integrated circuits) production growth was +4.0% YoY in Apr 2025 (link), vs. +9.2% YoY in Mar 2025, showing a flattish production volume. On inventory, China's electronics sector DOI (days of inventory ...