Global Economic Slowdown and Memory Inventory Adjustments
First written in FY2023-Q1. 2 of 8 entries say "Reframed", first in FY2024-Q2. Latest entry: FY2026-H1.
The whole theme swung hardest in 2022: 3 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「While recovery in semiconductor investment for IT equipment, automotive and industrial equipment applications remained slow, investment in advanced semiconductors for AI applications continued to be strong.」
The situation continued in which a slowdown in the recovery of investment for conventional applications such as IT equipment coexisted with firm investment in advanced semiconductors for AI applications. - FY2025RestatedAnnual report
「While semiconductor investment demand for IT equipment and general-purpose servers stagnated due to weak end demand, investment demand for advanced semiconductors for AI applications remained firm.」
Even after the focus shifted away from memory inventory adjustments, stagnation on the IT equipment and general-purpose server side continued to coexist with firm conditions on the advanced semiconductor side for AI applications. - FY2024ReframedAnnual report
「While investment restraint, mainly in memory products, continued amid weak demand for IT equipment such as PCs and smartphones, demand related to advanced semiconductors for AI applications expanded rapidly.」
The discussion shifted from the previous reference to memory inventory adjustments to a situation in which restrained investment in memory products and other areas due to weak IT equipment demand coexisted with expanding demand for advanced semiconductors for AI applications. - FY2024-Q3MitigatedAnnual report
「In the semiconductor industry, signs of a full-scale recovery in capacity expansion and research and development investment for both memory and logic applications were evident, supported by a bottoming-out in market conditions and government support in various countries.」
The description changed from the delayed recovery in investment in memory products and other areas mentioned in the previous quarter to signs of a full-fledged recovery in capacity expansion and research and development investment for memory and logic products. - FY2024-Q2ReframedAnnual report
「Demand for solder ball mounters slowed due to the delayed recovery in investment in memory products and other areas.」
The focus shifted from the previous fiscal year's explicit reference to memory inventory adjustments to delayed recovery in investment in memory products and other areas, and slowing demand for solder ball mounters. - FY2023DroppedAnnual report
「In the semiconductor industry, demand for investment in data centers declined, and investment in advanced semiconductor packages also slowed.」
There was no explicit reference to inventory adjustments centered on memory products. The discussion of the semiconductor market shifted to declining data center investment and slowing investment in advanced packages. - FY2023-Q3WorsenedAnnual report
「Inventory adjustments, mainly in memory products, continued amid weak demand for IT products. As investment in data centers also lacked momentum due to recession concerns, a slowdown in related capital investment became evident, and order growth stagnated as customers postponed investment.」
In addition to continued inventory adjustments centered on memory products, a slowdown in data center investment and related capital investment became evident, as did stagnant order growth caused by customers postponing investment. - FY2023-Q1First statedAnnual report
「Although inventory adjustments, mainly for memory products used in devices, are being seen as the global economy slows, investment in advanced semiconductor packages for 5G, IoT and data center applications remains firm.」
Against the backdrop of a slowing global economy, inventory adjustments centered on memory products for devices were mentioned for the first time as an actual market trend.