As competitors swoon, Europe’s Top-2 semiconductor makers soar loftily. Even their fiscal 2023 forecasts defy logic but are they truly recession-proof?
By Bolaji Ojo
What’s at stake:
Infineon and STMicroelectronics will defy the projected 2023 semiconductor market downturn on continued strength in the auto, energy and industrial sectors. Eventually, though, there will be a supply chain reckoning even in these hot markets. The European chip market leaders must prepare now for the days when orders precipitously drop as customers focus on depleting inventories.
The semiconductor market downturn is still raw but it’s party time in Munich and Geneva.