Automotive Semiconductor Industry Performance Snapshot: Q2 2023
The TechInsights Auto Semi Index maintained its growth trajectory growing by over 5 percent quarter-on-quarter. Strong performers included onsemi, Micron and STMicroelectronics, while results from Infineon, NXP, Rohm and Texas Instruments were below the industry average. ADI, Qualcomm and Renesas were the laggards in the second quarter of 2023, though ADI maintained its position at the top of the TechInsights Auto Semi Index rankings. Automotive semiconductor revenues continued to buoy the industry with the weakness in the smartphone and other electronics markets reflected in the Revenue Index and Profitability Index scores for the quarter.
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