Market Update | 2025-08-25 | TE: Dynamic demand for board-level products remains strong; NXP: Inventory levels rise

Original factory market trends

• TE CONNECTIVITY: Dynamic board-level demand momentum remains strong

Industrial distributors report that industrial demand has been relatively flat due to high temperatures. However, demand for Dynamic boards has remained steady recently. These products are not only used in industrial products and automotive BMS projects but also in other applications. We recommend paying close attention to the demand for the 1318 series, such as product models 1318123-1 and 1318124-1.

• MOLEX: Product prices may increase for high-end products due to technological upgrades

(1) Price

The global connector market in 2025 will be driven by demand from sectors such as automotive, data centers, and 5G, with prices remaining stable. However, prices for high-end products (such as high-speed connectors) may increase due to technological upgrades. In particular, in the automotive satellite antenna market, Molex holds approximately 9% of the global market share (2025 reference data), with the market expected to grow to 2.5 billion yuan by 2030.

Raw material costs: Prices for raw materials such as copper and plastic fluctuate minimally, having a limited impact on connector prices; however, the instability of metal raw materials in 2025 may cause fluctuations in connector prices.

(2) Information

Through the acquisition of Vectura Group Limited (September 17, 2024), we have enhanced our capabilities in medical device connectivity solutions. We have expanded manufacturing capacity in Poland, India, Vietnam, and other regions to meet global demand.

• TEXAS INSTRUMENTS：16-bit ADC class control chips rise 28% in price

(1) Price

In August, TI raised prices, with the industrial and automotive sectors being hit hardest, while consumer electronics saw relatively moderate increases. Specifically, prices for 16-bit ADC chips in industrial control applications rose by approximately 28%, prices for automotive-grade PMIC chips in automotive electronics increased by 18%-25%, and prices for fast-charging ICs in consumer electronics grew by 5%-15%.

This large-scale price hike may indicate that TI is shifting its strategy from "market share first" to "profit first." However, given the current weak demand in the industrial and automotive sectors, if downstream customers resist the higher prices, this could further intensify price competition in the market.

(2) Popular Materials

TPS62A02DRLR is a high-efficiency synchronous buck converter designed for small PLC modules, low-voltage buck conversion for battery-powered devices, and point-of-load power supplies for wireless routers, IP cameras, and solid-state drives (SSDs).

TMS320F2812PGFA is a high-performance 32-bit digital signal controller designed for high-precision control applications such as servo motor control, PLC logic control, ADAS systems, and vehicle charging systems.

• NXP Semiconductors：Inventory is rising

(1) Demand

The spot market remained generally flat, mainly relying on demand from the two major sectors of automobiles and industry.

(2) Stock

The number of shipments arriving at the agent's end has increased, resulting in a significant rise in inventory levels. Among these, inventory levels for general-purpose MCUs and interface ICs remain relatively high, with short delivery times. Automotive-grade components, discontinued parts, and hard-to-replace models continue to be in short supply, with some products experiencing price inversions. For specific automotive-grade components, delivery times have reached up to 8-12 weeks.

(3) Popular Materials

In August, NXP's popular models were dominated by i.MX application processors (especially the MCIMX6G2CVM05AB) and automotive-grade MCUs, with significant demand driven by industrial and automotive applications.

 We recommend monitoring the long-term supply and demand dynamics for the i.MX 6/8 series and S32K series. Models such as the i.MX 8M Mini and 8M Plus are seeing a recovery in demand across smart security, industrial vision, and in-vehicle infotainment systems.

The TJA1028TK/5V0/20/1, a LIN transceiver and standard component for body nodes, is currently available in the market with a reasonable inventory.

• Microchip Technology：Prices for some general-purpose materials are inverted

(1) Price

The spot price of general-purpose materials is now lower than or close to the official price, and some materials are still in a market inversion state.

(2) Delivery date

The delivery time for general-purpose MCUs remains at 4-6 weeks, while Ethernet and CAN can take up to 12 weeks.

(3) Stock

Traders' inventory is generally rolling, with only a small portion of slow-moving materials. Inventory levels for general-purpose materials such as the KSZ series (e.g., KSZ series Ethernet chips) and USB series are relatively high, with ample stock of general-purpose part numbers and fast delivery times.

(4) Demand

Overall demand remains weak, with consumer electronics and industrial control MCUs still in a slump. The automotive and communications markets are gradually recovering, with automotive Ethernet, USB-PD, FPGA-SoC, and other segments showing signs of a more noticeable recovery.

(5) Popular Materials

In August, the MCU/microcontroller market was relatively active, with the ATMEGA328P-AU and ATMEGA128A-AU models seeing increased demand due to the recovery of the industrial market. Currently, these products are in ample supply with stable prices.

Automotive-grade chips, such as the MCP2515 and MCP2551 series (MCP2515-I/ST), are CAN controllers primarily used in automotive electronics and industrial communication industries. The MCP2551-I/SN is a CAN transceiver applied in automotive-grade vehicle networks and BMS systems, with high demand for use in conjunction with the MCP2515.

• ANALOG DEVICES：Price inversion phenomenon improves

(1) Price

In the spot market, after rebounding in the third quarter of 2024, the overall market has stabilized, with localized hotspots mainly appearing in hard-to-replace materials and materials subject to production halts. Some products have experienced delivery delays and reduced shipments. In the first half of the year, due to the temporary impact of tariffs, prices for a small portion of ADI's general-purpose materials increased, but most returned to normal levels thereafter, with price inversion improving.

(2) Stock

In the third quarter, inventory increased by $72 million sequentially to support the recovery of the cycle. Days in inventory decreased to 160 days, and channel weeks decreased.

(3) Revenue

On August 20, the company announced its financial results for the third quarter of fiscal year 2025 (ended August 2, 2025), with revenue of $2.88 billion, representing a 9% increase from the previous quarter and a 25% increase year-over-year. All end-market segments achieved double-digit year-over-year growth.

Industrial business revenue was approximately $1.285 billion, accounting for 45% of total revenue, with a 12% increase from the previous quarter and a 23% increase year-over-year.

Automotive business accounted for 30% of quarterly revenue, down 1% quarter-over-quarter and up 22% year-over-year.

Communications business accounted for 13% of quarterly revenue, up 18% quarter-over-quarter and up 40% year-over-year.

Consumer business accounted for 13% of quarterly revenue, up 16% quarter-over-quarter and up 21% year-over-year.

ADI expects fourth-quarter revenue to reach $3 billion, plus or minus $100 million, with revenue growth expected to continue across industrial, communications, and consumer businesses, with the industrial business growing the fastest and the automotive business expected to decline slightly. The company's strong performance and continued growth outlook, particularly in the industrial market, position 2025 as a year of strong recovery for ADI.

• DNMICRON：Focusing production capacity on the needs of high-end local customers

(1) Information

On August 12, Micron officially announced that it would cease mobile NAND development (including UFS5) worldwide. This adjustment reflects the reality of the mobile NAND market becoming increasingly competitive and is directly related to the sluggish global smartphone shipments this year.

In addition, Micron's strategy further strengthens its ties with domestic applications in the United States, reflecting the overall trend toward supply localization in the semiconductor industry.

In line with the U.S. semiconductor repatriation policy, Micron is focusing its production capacity on the needs of high-end domestic customers and reducing investments in inefficient overseas markets. In a nutshell, Micron's strategic goal is to become the "storage foundation" of the AI wave, rather than a supporting supplier for consumer electronics. Considering its AI target customers and geographical factors, Micron's decision to shift its development focus to the U.S. also reflects the overall trend toward localized semiconductor supply.

Micron's continued investments in artificial intelligence and data centers, particularly the launch of AI-specific SSD product portfolios, will help it secure a more advantageous position in future markets. Additionally, Micron's progress in high-bandwidth memory (HBM) technology will open new growth opportunities in the high-performance computing sector.

• Infineon Technology：Partial IR shortage and price increase

(1) Price

Some IR models are currently out of stock due to tight delivery schedules, and market prices may experience a slight increase. This primarily affects certain IRF tubes.

(2) Demand

The automotive sector remained stable overall, with the European market beginning to recover. The consumer electronics and industrial sectors saw a moderate recovery, with AI continuing to drive strong demand.

(3) Popular Materials

BTS723GW automotive components are primarily used in the automotive electronics and industrial control industries, driving electronic systems in vehicles such as lighting and power windows.

• HARTING：Shipments will be controlled starting in August

(1) Information

Shipping will be controlled starting in August, and normal shipping is expected to resume after September 30. Currently, the original factory can accept orders normally, but shipping is controlled.

• JAEGER：Demand is expected to increase starting in September

(1) Demand

Agents report that May, June, July, and August are the off-season for the industry. They predict that overall demand will begin to increase in September, primarily due to the trend toward automotive electronics, the development of electric vehicles (EVs)，and autonomous driving technology, which are driving demand for high-voltage/high-speed connectors. In September, it is recommended to pay close attention to customer demand for high-voltage/high-speed connectors in the electric vehicle market.

• Hirose Electric：Q1 sales increased by 9.1% year-on-year

(1) Revenue

Hirose Electric's Q1 (April-June 2025) results are as follows:

Overall sales for Q1 increased by 9.1% year-on-year, but operating profit was -4.2%. The operating profit margin was 20.1%. Orders increased by 7.3% year-on-year and 8.9% quarter-on-quarter. This was mainly due to strong performance in the consumer and mobile device markets, as well as the smartphone market, with the automotive and mobile-related markets also performing strongly.

Due to signs of recovery in the industrial machinery sector, in addition to the developments above, the company will also focus on the consumer, automotive, and semiconductor markets moving forward.

• KYOCERA AVX：Starting September 19, all products will increase in price by 5%

(1) Price

Due to rising raw material and labor costs, starting September 19, we expect a 5% increase in shipping prices for our entire product line (based on the original factory shipping date, not the order date). Some hot-selling materials are subject to shipping restrictions by suppliers, and market prices may increase by 5-10%.

Recommendation: We have many high-quality spot channels that can be recommended to end customers for advance stocking.

(2) Delivery date

Futures delivery is normal, with molded capacitors taking 20-28 weeks; ceramic capacitors taking 20-40 weeks; and specialized capacitors taking 35-40 weeks.

• Vishay Intertechnology：Launching a range of new products

(1) Delivery date

MOSFETs: 12–18 weeks; DIODES: 5–12 weeks; resistors: 12–18 weeks; inductors: 10–16 weeks; capacitors: 12–18 weeks; tantalum capacitors: 16–20 weeks; silicon carbide: 20–26 weeks.

(2) New Product

Introducing two new automotive-grade 3.3V to 36V ESD protection diode series in SOT-23 packaging: the single-line VGSOTxx and dual-line VGSOTxxC series. These devices deliver peak pulse power ratings of up to 540W and current ratings of up to 44A under 8/20µs pulses.

Introducing a new industrial-grade multi-turn surface-mount metal ceramic trimmer series, the TSM41 series trimmers, with an operating temperature range of -55°C to +140°C and an IP67 sealing rating.

Introducing two new automotive-grade edge-wound through-hole inductors, the IHDM-1107BBEV-2A and IHDM-1107BBEV-3A, capable of operating at temperatures up to +180°C.

Introducing a new series of single/dual-direction 1500W surface-mount PAR TVS diodes, the T15BxxA and T15BxxCA series, compliant with AEC-Q101 standards, capable of operating at temperatures up to +185°C.

• Littelfuse：Q2 revenue increased by 10.6% quarter-on-quarter

(1) Revenue

In Q2 2025, revenue reached US$613 million, representing a sequential increase of 10.6% and a year-over-year increase of 9.8%, driven by the recovery in demand from the electronics sector and growth in the industrial sector. The electronics and industrial sectors saw year-over-year growth of 9.8% and 17.2%, respectively. Revenue for Q3 is projected to be between US$610 million and US$630 million.

(2) New Product

Two new fully polarized sensors, LF53466 and LF53464, offer 0-360°angle measurement with enhanced thermal stability and packaging flexibility, suitable for harsh environments and ideal for industrial automation and robotics, automotive, and consumer devices.

• FLEX POWER：Released a power rack system designed for AI infrastructure

(1) New Product

We are introducing a power rack system specifically designed for AI infrastructure, tailored for the NVIDIAGB300NVL72 platform, supporting up to 72 Blackwell Ultra GPUs. This system features leading energy efficiency, enabling hyperscale and hosting customers to accelerate the efficient deployment of next-generation AI infrastructure and seamlessly transition to 1-megawatt cabinets and 800 VDC data center power architectures.

At the OCP Asia-Pacific Summit held in Taipei on August 8, 2025, a high-density DC power distribution solution was unveiled, featuring an industry-standard form factor design, with each power rack capable of delivering up to 33 kilowatts of power. The system is configured with six power modules, a 3+3 redundant architecture, and advanced power rack controllers, achieving peak efficiency of up to 97.5% at half load. Compared to traditional systems, electrical energy conversion losses are reduced by over 60%, effectively reducing heat output, lowering cooling requirements, and saving energy costs.

(2) Product

FlexPowerModules BMR491 series high-density DC/DC converters feature built-in digital interfaces, delivering peak power of up to 2450W for up to one second and continuous output power ratings of up to 1540W, making them one of the highest power density digital DC/DC isolated converters available today. All models offer power levels of 1300W or higher, making them ideal for applications such as data centers, high-speed cloud computing, high-performance computing, large-capacity data storage, and high-speed fiber-optic networks.

Core Vision (Industry News)

• HBM market enters a new phase of deep integration

Previously, to meet the explosive demand for high-performance memory chips driven by artificial intelligence, major memory manufacturers have accelerated their expansion of HBM production capacity. According to an analysis by Kiwoom Securities, starting from 2026, the growth rate of HBM supply is expected to surpass the growth rate of demand for the first time, shifting the market from a shortage to a surplus. This means that the model of achieving rapid sales solely through capacity expansion will no longer be sustainable, and companies must rely on technological strength and deep customer relationships to compete for market share. Against this backdrop, the prices of mainstream products such as HBM3E are expected to face a potential price reduction of up to 20% by 2026.