ab Global Research 27 August 2025 UBS Global I/O Semiconductors Automotive semis: cycle momentum continues We reiterate our positive stance on analog Post Q2, we review the latest leading indicators and provide an update on the auto semis market for 2025E and 2026E. Data indicates that the inflection point expected in Q2'25 has now been achieved, with 1% y-o-y revenue growth after 7 consecutive quarters of decline. Looking ahead, estimates suggest the positive momentum will persist into H2'25E and 2026E, th ...