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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (13768)	5/23/2022 12:26:53 AM
From: Kirk ©	Respond to of 26880

3-0 Yeah! BTW, was Luka trying to flop? He fooled the refs until Kerr challenged and the dunk ended up counting. "THAT IS A POSTER!" pic.twitter.com/nkwgLi0KPk — Golden State Warriors (@warriors) May 23, 2022

To: robert b furman who wrote (13768)	5/25/2022 10:10:52 AM
From: Kirk ©	Respond to of 26880

Lower Chip Prices Coming: A start along with a warning NOR flash prices to trend downward in 2H22 Siu Han, Taipei; Jessie Shen, DIGITIMES Wednesday 25 May 2022 NOR flash memory contract prices will likely trend downward in the second half of 2022, according to industry sources. Prices for low-density chips have started to drop in the second quarter. Recent slowdowns in demand for handsets, PCs and consumer electronics have led to an uncertain demand outlook for the second half of this year, with downstream device vendors under growing pressure to offload inventory, the sources said. Negotiations over NOR flash contract prices for the third quarter have yet to be finalized, the sources indicated. Chip suppliers intend to drop their quotes by up to 3%, whereas cutbacks in orders from brand device vendors may give buyers more bargaining power. The sources were previously bullish about NOR flash prices this year, as growth on the supply side remains constrained. Foundries continue to adjust their capacity allocations granting more support to non-memory chip customers amid logic chip shortages. COVID-induced lockdowns in several major Chinese cities, worsening global inflation and other negative macro factors have had an adverse impact on end-market demand particularly in areas such as consumer electronics, prompting brand vendors to cut back orders with their suppliers, the sources noted. Prices for NOR flash chips in densities ranging from 4Mb to 32Mb are being dragged down by weakness in demand for smartphones, particularly those rolled out in China, the sources said. Prices for high-density NOR flash chips will be relatively stable, driven mainly by demand for network devices, the sources said. Longer delivery times for network equipment are constraining the overall high-density NOR flash demand growth, nevertheless. Macronix International, which has over 80% of revenue generated from the non-PC and non-consumer electronics sectors, expressed previously optimism about high-density NOR flash demand. The chipmaker will start delivering 45nm chip samples to customers for validation, and expects its sales in the second half of this year to outperform those in the first half. Winbond Electronics has been actively adjusting its NOR chip product mix by boosting shipments of high-density solutions, while optimizing its mainstream 58nm process manufacturing and transitioning to a newer 45nm process, according to company sources. GigaDevice disclosed previously plans to strategically scale up its inventory levels this year amid supply-side uncertainty. The China-based company believes there is a structural shortage of high-density NOR flash chips. digitimes.com