Analysis of electronic component market and procurement in March 2022

Time:

2022-12-02 15:56

March Overview

 

1. The global manufacturing industry has gradually recovered and accelerated its differentiation

According to the data provided by Wind Information, the global JPMorgan Chase manufacturing PMI growth in March 2022 slowed down compared with last month
From the national perspective, the PMI of the US manufacturing industry rose slightly compared with last month, and the economic growth remained normal; The PMI of the European Union has decreased compared with that of last month. Repeated outbreaks and inflation have caused greater pressure on the European economy; The PMI of manufacturing industry in Asia fell slightly, the growth of manufacturing industry in China and South Korea slowed down, and Japan rebounded slightly
On the whole, the continued outbreak of the epidemic has further aggravated the recovery and differentiation of different economies, the escalation of conflicts with Russia and Ukraine and other uncertain factors, leading to the imbalance of global economic development that is difficult to change in the short term, and the stability of the supply chain needs to be consolidated

 

2. China's manufacturing industry fell in the short term, with obvious fluctuations

In March 2022, the production and operation activities of Chinese enterprises will be affected to a certain extent due to the occurrence of a cluster epidemic in many parts of the country and the significant increase in international geopolitical instability. The purchasing manager index (PMI) of China's manufacturing industry was 49.5%, down 0.7% from February 2022, lower than the critical point, and the overall prosperity level of the manufacturing industry fell back
On the whole, affected by short-term factors such as repeated domestic epidemics and geopolitical conflicts, the pressure on China's economy from supply side shocks, rising costs, shrinking demand and weakening expectations has increased, and the overall economic growth has decreased, but there is still a stable foundation for economic operation
Chip delivery date in March
According to statistics, since March 2021, the chip delivery date has been extended to 15 weeks (about 3.5 months) for the first time, and has now been extended to 26.5 weeks, a record high. The delivery cycle of various chips has been extended on a month on month basis. The fluctuations in peripheral production continue to drive the imbalance between supply and demand of semiconductors. In the long run, the supply and demand will recover or be postponed to 2023
Specifically, in the first quarter of 2022, the delivery cycle of all kinds of chips will generally be more than 12 weeks, and will continue to extend compared with the fourth quarter of 2021. At the same time, the price will also show a general upward trend. By comparing the delivery cycle of various chips in the second, third and fourth quarters of 2021 with that in the first quarter of 2022, the normal delivery cycle of analog chips is 12-20 weeks, which is currently 12-52 weeks; The normal delivery cycle of connection chips is 12-16 weeks, currently 18-52 weeks; The normal delivery cycle for storage is 6-14 weeks, currently 12-54 weeks; The normal delivery cycle of power devices is 6-12 weeks, and currently it is 16-52 weeks
In addition, this month (March 2022), Hanlei, Infineon's agent factory, announced that he would comprehensively increase the price of Infineon. The three major silicon wafer factories in Taiwan also set off a wave of price increases. Overlapping the external production fluctuations, including the impact of the magnitude 7.4 earthquake in Japan on March 16, 2022, the global semiconductor supply and demand tension may further intensify

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