Tuesday, September 10, 2019
Q2 semiconductor days of inventory were flat with Q1 at 93 days, says Morgan Stanley.
The historical median for semi inventory is 69 days.
Memory and analogue are the biggest contributors to inventory stock.
“Memory producers are holding significant amounts of excess inventory due to persistent price declines, making it more challenging to move product,” says Morgan Stanley.
Micron’s internal inventory now stands at a record 150 days.
Analogue inventory is at 118 days, five days less than in Q1.
Inventories are at near peak levels for ON Semi and TI, says Morgan Stanley.
Distributor days of inventory in Q2 were 6 days down on Q1 at 54 days – five days more than the historic distributor median.
Q2 inventories at chip company customers decreased by one day to 55 days. That’s five days above the historical median for customers.
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