July IPI Report FORECAST ISSUE

May 2022 revenues increased 10.6% from April, the largest May increase since 2006. Year-over-year, May revenues were up 19.5% over May 2021. Year-to-date, revenues are up 21% compared to 2021. Looking at units, shipments are down by 0.2%, basically flat compared to 2021 year-to-date. The North American PCB book-to bill ratio was flat compared to April at 1.03. Before April, the last time the ratio was that low was in October 2020. However, a ratio above one is still a positive sign for sales six months from now. The ratio has been above 1.0 since November 2020.

Geographically, revenues grew in all regions by double-digit increases except Asia Pacific, which grew by 6% compared to April. China saw the largest increase at 15%, followed by the Americas at 11%. Revenues for the product categories grew across the board but at varying levels; Memory grew 32.2%, followed by Discretes which rose 16.4%, followed by MOS Logic and Micrologic at 3.5% and 3.3%, respectively. Optoelectronics and analog revenues were flat with an increase of only 0.2%. 

Other stories in the June issue of the IPI Report:

• IPI and Market Update
• Year-to-Date Numbers Show Good Growth, but Strong Headwinds Loom for 2H 2022
• Wafer Demand to Grow 3.2% in 2022
• Fabs Still Being Built in Earthquake-Prone Areas, but with Damage Mitigation Efforts
• Shipments, Orders, and Inventories

Semico developed the IPI Report (Inflection Point Indicator) to assist in forecasting semiconductor revenues approximately four quarters in advance. The IPI, combined with end-market analysis and primary research, has helped Semico Research accurately forecast the industry sooner than others.

For a copy of the complete IPI report or information on other Semico reports contact:
Rick Vogelei
Phone: (480) 435 - 8564
Email: rickv@semico.com

About Semico
Semico is a semiconductor marketing & consulting research company located in Phoenix, Arizona. Semico was founded in 1994 by a group of semiconductor industry experts. We have improved the validity of semiconductor product forecasts via technology roadmaps in end-use markets. Semico offers custom consulting, portfolio packages, individual market research studies and premier industry conferences.