Prolonged US-China trade tensions and delayed semiconductor capital investment
First written in FY2020-Q1. 4 of 8 entries say "Worsened", first in FY2020-Q2. Latest entry: FY2022-Q3.
Jgc Holdings moved to the "Worse" side of this theme in 2019, 1 year before the typical company in this theme (2020).
The whole theme swung hardest in 2019: 17 of 44 companies on the "Worse" side.
2 other companies' latest entry also says "Mitigated".
- FY2022-Q3MitigatedAnnual report
「In the fine ceramics segment, demand for related products increased against the backdrop of expanding demand in the semiconductor-related market.」
Although concerns about the impact of the US-China trade tensions and COVID-19 on semiconductor-related demand remain, demand in semiconductor-related markets and demand for products have increased, indicating an improvement from the previous downturn in orders. - FY2022-Q1MitigatedAnnual report
「In the fine ceramics segment, although concerns remain over the impact of COVID-19 and the US-China trade friction, customer demand for products increased against the backdrop of strong global demand in the semiconductor-related market.」
Although concerns about the US-China trade tensions and COVID-19 remain, customer demand increased amid robust global semiconductor-related markets, indicating an improvement from previously weak orders. - FY2021-Q3MitigatedAnnual report
「Capital investment by some customers has become more active against the backdrop of a recovery in semiconductor demand. In addition, as customers implemented various measures in response to the US-China trade tensions, demand is expected to expand in the semiconductor-related and information and communications fields.」
Although the adverse effects of the US-China trade tensions and other factors on the semiconductor and information and communications fields continue, demand is expected to expand against the backdrop of recovering semiconductor demand and measures taken by customers. - FY2021-Q2WorsenedAnnual report
「In the fine ceramics sector, orders declined as restrictions on customers' production activities due to the spread of COVID-19 were compounded by the impact of US-China trade tensions, which began to emerge in the semiconductor and information and communications sectors, the main markets.」
The effects of the US-China trade tensions became more clearly evident in results as a decline in orders in the semiconductor and information and communications fields. - FY2020WorsenedAnnual report
「In the functional materials manufacturing business, exports of functional coating materials and other products in the fine chemicals field slowed due to the effects of the US-China trade tensions and other factors. In the fine ceramics field, the spread of 5G in China progressed more slowly than initially expected, resulting in weak orders for optical communications components and components for deposition and etching equipment used in semiconductor manufacturing.」
The effects of the US-China trade tensions appeared in full-year results as a slowdown in exports of functional coating materials, while the effects of delayed 5G adoption appeared as weak orders for optical communications and semiconductor components. - FY2020-Q3WorsenedAnnual report
「In the functional materials manufacturing business, exports of functional coating materials have slowed because of the prolonged US-China trade tensions, while capital investment by semiconductor manufacturers has been postponed due in part to the delayed spread of 5G in China, leaving the overall market in an adjustment phase.」
It was made clear that the effects of the US-China trade tensions extended beyond delayed capital investment in semiconductor-related equipment to a slowdown in exports of functional coating materials. - FY2020-Q2WorsenedAnnual report
「Orders for components for deposition and etching equipment used in semiconductor manufacturing were also weak, due in part to the slowdown in the Chinese economy.」
In addition to US-China trade tensions and delayed semiconductor capital investment, weak orders for semiconductor-related components due to the slowdown in the Chinese economy were identified. - FY2020-Q1First statedAnnual report
「The functional materials manufacturing business has been affected by the prolonged US-China trade tensions and the postponement of capital investment by semiconductor manufacturers, among other factors.」
The prolonged US-China trade tensions and delayed capital investment by semiconductor manufacturers were identified for the first time as business-environment risks currently affecting the functional materials manufacturing business.