Production Adjustments and Demand Fluctuations in the Semiconductor Industry
First written in FY2017-Q1. 14 of 40 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2023: 43 of 66 companies on the "Worse" side.
5 other companies' latest entry also says "Other".
- FY2027-H1Growth in Generative AI and Advanced Semiconductor Demand Coexisting with Weak Consumer DemandAnnual report
「Although consumer demand for smartphones and other products continued to lack strength, demand for high-purity chemical compounds used in semiconductor manufacturing increased as data-center investment expanded with the spread of generative AI and investment appetite remained solid, particularly for advanced logic and memory.」
While consumer demand for smartphones and other products remained weak, demand for high-purity chemical compounds used in semiconductor manufacturing increased, supported by generative AI, data-center investment and investment in advanced logic and memory. - FY2026Growing Generative AI and Data-Center Demand Coexisting with Declining Demand in ChinaAnnual report
「Investment appetite remained solid, particularly for advanced logic and memory, as data-center investment expanded with the spread of generative AI. Demand for AI-enabled devices and automotive applications also remained firm, and investment and utilization in advanced areas continued. Demand for high-purity chemical compounds used in semiconductor manufacturing consequently increased.」
Overall demand increased on growing demand for generative AI, data centers, advanced logic and memory, AI-enabled devices and automotive applications, although demand for materials declined among some Chinese customers as they improved production efficiency. - FY2026-H1Generative AI-Driven Demand Growth Coexisting with Inventory Adjustments in ChinaAnnual report
「Demand increased for generative AI, large-scale data centers, AI-enabled PCs and smartphones, and the automotive sector. In China, however, inventory adjustments emerged in some areas, partly as a reaction to measures taken in response to geopolitical risks.」
The disclosure describes increased demand from generative AI, large-scale data centers, AI-enabled PCs and smartphones and the automotive sector, while noting inventory adjustments in part of the Chinese market. - FY2025MitigatedAnnual report
「Demand for chemical compounds used in semiconductor manufacturing increased substantially above the initial outlook, driven by higher demand for generative-AI semiconductors and active investment in the Chinese market.」
The disclosure states that demand for chemical compounds substantially exceeded the initial outlook, supported by generative-AI semiconductor demand and active investment in China. - FY2025-H1MitigatedAnnual report
「Demand increased for leading-edge semiconductors for generative AI, memory and some logic products, while active semiconductor investment, particularly in China, also drove an increase in demand for chemical compounds used in semiconductor manufacturing.」
The disclosure attributes increased demand for chemical compounds to higher demand for generative-AI semiconductors, memory and some logic products, together with active semiconductor investment centered on China. - FY2025-Q1MitigatedAnnual report
「Investment in leading-edge semiconductors for generative AI applications continued steadily, and views emerged that semiconductor demand would recover moderately. Accordingly, signs of recovery also emerged in demand for chemical compounds used in semiconductor manufacturing.」
The disclosure identifies signs of recovery in semiconductor demand and demand for chemical compounds, supported by continued investment in leading-edge generative-AI semiconductors. - FY2024WorsenedAnnual report
「The semiconductor industry, our group's primary customer base, continued to reduce production as a result of inventory adjustments and revisions to semiconductor manufacturers' capital-investment plans. Demand for chemical compounds used in semiconductor manufacturing consequently remained below the initial outlook.」
Production cuts by semiconductor manufacturers resulting from inventory adjustments and revised capital-investment plans were reported as an actual development, while demand for chemical compounds remained below the initial outlook. - FY2024-Q3WorsenedAnnual report
「Production cuts continued as a result of inventory adjustments and revisions to semiconductor manufacturers' capital-investment plans, and recovery was expected to begin in 2024 or later.」
Production cuts continued because of inventory adjustments and revised capital-investment plans, with recovery expected in 2024 or later, indicating a prolonged semiconductor-industry adjustment. - FY2024-Q2WorsenedAnnual report
「Production cuts continued as a result of inventory adjustments and revisions to semiconductor manufacturers' capital-investment plans, and some views emerged that inventory normalization would take some more time. Accordingly, demand for chemical compounds used in semiconductor manufacturing remained below the initial outlook.」
Production cuts caused by inventory adjustments and revised capital-investment plans continued, with inventory normalization expected to take longer. Demand for chemical compounds used in semiconductor manufacturing remained below the initial outlook. - FY2024-Q1WorsenedAnnual report
「Semiconductor demand declined as the exceptional stay-at-home demand faded. Semiconductor manufacturers reduced production because of inventory adjustments and revisions to capital-investment plans, and utilization, particularly in the memory market, has recently fallen rapidly. Some views emerged that recovery would take longer than expected. Demand for chemical compounds used in semiconductor manufacturing also began to decline as a result.」
Declining semiconductor demand, inventory adjustments, revised capital-investment plans, production cuts and lower memory-market utilization became concrete, spilling over into lower demand for chemical compounds used in semiconductor manufacturing. - FY2023WorsenedAnnual report
「The overall semiconductor market showed increasingly strong signs of slowing, and views emerged that chemical compounds used in semiconductor manufacturing would enter an adjustment phase.」
In addition to production cuts in PC- and smartphone-related semiconductors, the disclosure cites a slowdown in the overall semiconductor market and expectations that chemical compounds would enter an adjustment phase, indicating heightened demand volatility risk. - FY2023-Q3WorsenedAnnual report
「Demand for chemical compounds used in semiconductor manufacturing remained high for the time being. However, production cuts in some semiconductors for PCs and smartphones emerged because of the unwinding of stay-at-home demand and rising prices, and views emerged that demand for chemical compounds used in semiconductor manufacturing would enter an adjustment phase.」
Although demand for chemical compounds used in semiconductor manufacturing remained high, production cuts in PC- and smartphone-related semiconductors and expectations of an adjustment in the chemical-compounds market became more concrete. - FY2023-Q2Partial Demand Weakness Coexisting with High Utilization in Advanced SemiconductorsAnnual report
「Although some demand weakness emerged, particularly for PCs and smartphones, amid accelerating inflation and heightened geopolitical risks, increasingly cautious views of the outlook also appeared. Utilization at semiconductor manufacturers nevertheless remained high, particularly for advanced semiconductors.」
Demand for PCs and smartphones weakened and views of the outlook became more cautious, while semiconductor manufacturers maintained high utilization, particularly for advanced semiconductors. - FY2023-Q1RestatedAnnual report
「A global semiconductor shortage therefore continued, while active investment in semiconductor manufacturing equipment was made in Japan and overseas.」
The disclosure continues to cite the global semiconductor shortage and active investment in manufacturing equipment in Japan and overseas to improve supply and demand. - FY2022RestatedAnnual report
「A global semiconductor shortage therefore continued, while active investment in semiconductor manufacturing equipment was made in Japan and overseas.」
The global semiconductor shortage and active investment in semiconductor manufacturing equipment in Japan and overseas continued. - FY2022-Q3WorsenedAnnual report
「Semiconductor demand increased across a broad range of applications, driven by the rapid spread of telework and online education. As a result, semiconductor production was unable to keep pace with demand, particularly in the automotive industry, and active investment in semiconductor manufacturing equipment was expected both in Japan and overseas to resolve the shortages.」
The disclosure specifically states that semiconductor production could not keep pace with demand and expected active investment in manufacturing equipment in Japan and overseas to ease supply constraints. - FY2022-Q2Tight Supply and Continued High DemandAnnual report
「Supply and demand remained tight across a broad range of semiconductor applications, while demand for advanced semiconductors for the expansion of information and communications technology, including 5G and data centers, remained high.」
The semiconductor industry is described as facing tight supply and demand across a broad range of applications, with high demand for advanced semiconductors for 5G and data centers. - FY2022-Q1RestatedAnnual report
「Strong demand for advanced semiconductors, particularly for data centers, continued, and many major semiconductor-device manufacturers announced plans to make active capital investments going forward to improve supply and demand conditions.」
The disclosure continues to cite strong demand for advanced semiconductors for data centers and active future capital-investment plans by major device manufacturers. - FY2021Recovery in Demand Coexisting with Tight SupplyAnnual report
「Although demand for automotive equipment and smartphones was weak in the first half of the fiscal year, it has recently begun to recover rapidly. Demand for servers and data centers, supported by expectations for the spread of IoT and 5G, remained solid throughout the year. As a result, shortages in semiconductor supply intensified, and it was expected to take some time to resolve them.」
The disclosure describes recovering automotive and smartphone demand and solid server and data-center demand, while noting increasingly tight semiconductor supply and an expected delay before the shortage is resolved. - FY2021-Q3MitigatedAnnual report
「Although the possibility of entering a short-term adjustment phase cannot be ruled out, concerns about a prolonged and sharp downturn across the industry as a whole have gradually eased.」
The possibility of a short-term adjustment remained, while concern about a prolonged and sharp industry-wide downturn gradually eased. - FY2021-Q2RestatedAnnual report
「Although demand for automotive equipment, smartphones and other applications remained weak, demand for servers and data centers in anticipation of the spread of IoT and 5G remained solid. Near-term conditions were relatively favorable, partly because of inventory build-up prompted by concerns over supply-chain disruption from the spread of the infection, but many uncertainties remained and views of the industry's outlook became somewhat more cautious.」
Weak demand for automotive equipment and smartphones coexisted with solid server and data-center demand and inventory build-up, while cautious views of the outlook continued. - FY2021-Q1Solid Near-Term Demand and Cautious OutlookAnnual report
「Demand remained solid, supported by medium- and long-term growth expectations arising from 5G and IoT. In addition, inventory build-up in response to concerns over supply-chain disruption caused by the spread of the infection supported relatively favorable near-term conditions. However, many uncertainties remained, and increasingly cautious views emerged regarding the industry's outlook.」
The disclosure describes relatively favorable near-term conditions supported by 5G and IoT demand and inventory build-up amid supply-chain concerns, while noting increasing caution about the outlook. - FY2020WorsenedAnnual report
「Many companies remained cautious about capital investment, and semiconductor prices also fell. According to WSTS's November 2019 forecast for the semiconductor market in 2019, the overall market was expected to post double-digit negative growth of 12.8% year on year on a dollar basis.」
Cautious capital investment and falling semiconductor prices continued, and WSTS forecast a 12.8% year-on-year decline in the overall market. - FY2020-Q3RestatedAnnual report
「Although production was maintained at a high level, many semiconductor companies remained cautious about capital investment amid prolonged US-China trade frictions, and the market was showing signs of stagnation.」
While semiconductor production remained high, cautious capital-investment stances and sluggish market growth continued. - FY2020-Q2WorsenedAnnual report
「Although expectations for long- and medium-term growth in the semiconductor industry remain unchanged, falling semiconductor prices and rising product inventories have led semiconductor manufacturers to report weaker earnings and review or postpone capital-investment plans. The adjustment phase is expected to take longer than anticipated to end.」
Falling semiconductor prices, rising inventories, weaker manufacturer earnings and the review or postponement of capital-investment plans continued, with recovery from the adjustment phase expected to take longer than anticipated. - FY2020-Q1WorsenedAnnual report
「Although expectations for long- and medium-term growth in the semiconductor industry remain unchanged, near-term views of earnings have become more cautious as falling semiconductor prices and rising product inventories have led several semiconductor manufacturers to review or postpone their capital-investment plans.」
Concerns over production adjustments have become more concrete through falling semiconductor prices, rising product inventories and the review or postponement of capital-investment plans by several manufacturers. - FY2019WorsenedAnnual report
「In response to increasing data volumes and the expanding range of applications for AI, automotive systems and other uses, the semiconductor industry may enter a period of modest production adjustments in the first half of 2019. However, it is expected to gradually regain firm momentum toward the second half of the year, particularly in Asian countries.」
Although semiconductor demand and production were described as high, the disclosure specifically identifies the possibility of modest production adjustments in the first half of 2019, making the short-term downside concern more concrete. - FY2019-Q3RestatedAnnual report
「Demand remained strong, particularly for data centers and other applications, and production continued to be maintained at a high level.」
The disclosure continues to cite strong demand for data centers and other applications and high semiconductor production levels. - FY2019-Q2RestatedAnnual report
「Demand for data centers and other applications remained strong, and production continued at a high level, supported by growth in memory bit shipments.」
The disclosure continues to attribute high semiconductor production levels to strong data-center demand and growth in memory bit shipments. - FY2019-Q1RestatedAnnual report
「Demand for data centers and other applications remained strong, capital investment continued actively, and production remained at a high level.」
The disclosure reiterates strong demand for data centers and other applications, active capital investment and continued high production levels. - FY2018RestatedAnnual report
「The semiconductor market has continued to grow steadily, driven by increasing data volumes and the expanding range of applications for AI, automotive systems and other uses.」
The disclosure attributes continued solid semiconductor-market growth to increasing data volumes and expanding AI and automotive applications. - FY2018-Q3RestatedAnnual report
「Demand for smartphones and data centers remained strong, the semiconductor market remained solid overall, and new capital investment was actively undertaken. Shortages of some equipment and materials also began to emerge.」
The disclosure continues to cite strong demand, solid market conditions and active capital investment, while also referring to emerging shortages of some equipment and materials. - FY2018-Q2RestatedAnnual report
「Demand for smartphones and data centers remained strong, the semiconductor market remained solid overall, and new capital investment was actively undertaken.」
The disclosure continues to cite strong smartphone and data-center demand, solid semiconductor-market conditions and increased new capital investment. - FY2018-Q1RestatedAnnual report
「Supported by strong market demand, the semiconductor market remained solid overall, and new capital investment was also actively undertaken.」
The disclosure continues to cite strong semiconductor demand, solid market conditions and increased new capital investment. - FY2017RestatedAnnual report
「Demand for smartphones and data centers increased, and the semiconductor industry remained solid throughout the year. Capital investment in advanced technologies also continued steadily toward the second half of the year.」
The disclosure continues to describe solid semiconductor-industry conditions, supported by growing smartphone and data-center demand and steady capital investment in advanced technologies. - FY2017-Q3RestatedAnnual report
「The semiconductor industry, our primary customer base, remained solid overall, particularly for smartphones and other applications, while capital investment in advanced technologies continued steadily.」
The disclosure continues to describe the semiconductor industry as solid overall, particularly for smartphones, with steady capital investment in advanced technologies. - FY2017-Q2MitigatedAnnual report
「In the semiconductor industry, which is one of our main customer markets, there were some periods of adjustment, but overall conditions remained solid, particularly for smartphones and other applications, while capital investment in advanced technologies continued steadily.」
Although some adjustment remained, the overall market, particularly smartphone-related demand, was solid, and capital investment in advanced technologies continued steadily. - FY2017-Q1MaterialisedAnnual report
「Although there was a period of production adjustments in some areas, the market subsequently began to recover gradually and remained generally solid.」
The disclosure states that production adjustments occurred in some areas, followed by recovery and generally solid market conditions.