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TAP TIMES -38- OCTOBER 2022
TSMC jumps to first place The few memory companies that have
in 3Q22 with memory decline made statements about the recent de-
velopments in the memory market have
attributed the swift downturn to a massive
SCOTTSDALE, Arizona — In its August
Quarterly Update to The McClean Re- inventory adjustment currently underway
port, IC Insights reduced its world- by their customers.
wide IC market growth forecast for
2022 from 11% to 7%. Inventory adjustment
Moreover, most expect this inventory ad-
justment period to extend into at least
Memory market
The downgraded expectation for this year early 2023.
is almost entirely due to the collapse of
the memory market in the second half of The following statements and data from a
2022. few of the memory suppliers yield some
insight into how fast the market has
changed over the past couple of months.
As discussed below, it was as though
someone “flipped a switch” to the off posi-
tion for the memory market beginning in • When Micron’s fiscal 3Q ended in May,
June! the company gave an early warning of the
trouble that was brewing in the memory
market.
The few memory companies that have
made statements about the recent de-
velopments in the memory market have Although the company’s fiscal 3Q sales
attributed the swift downturn to a massive were solid, it presented 4Q (ending in Au-
inventory adjustment currently underway gust) sales guidance of -17%. Moreover,
by their customers. Micron revised this figure to at least a
21% drop in sales for its fiscal quarter that
ended in August.
Moreover, most expect this inventory ad-
justment period to extend into at least
early 2023. WD sales decline
• In its 2Q conference
The following statements and data call, major NAND flash
from a few of the memory suppliers memory supplier West-
yield some insight into how fast the ern Digital commented
market has changed over the past that the inventory ad-
couple of months. justment currently un-
derway is “definitely
very, very sharp in
the quarter we are in
(3Q22).”
Western Digital’s outlook
is for a company-wide
sales decline of 18%
this quarter. With hard
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