Daily Semiconductor Information By Lansheng Technology

1. STMicroelectronics announced its results for the first quarter of 2023 on April 27. Net revenue in the first quarter was US$4.25 billion, a year-on-year increase of 19.8%, higher than market expectations of US$4.21 billion; net profit was US$1.04 billion, a year-on-year increase of 39.8% %. The automotive and industrial segments beat expectations, offsetting lower revenue from personal electronics.

2. The German Bosch Group has agreed to purchase the key assets of California chipmaker TSI Semiconductor and invest $1.5 billion to expand the production of silicon carbide chips for electric vehicles in the United States. Bosch and TSI did not disclose the purchase price. Bosch said it plans to invest $1.5 billion to revamp TSI's chip production facility in California to start producing silicon carbide chips by 2026.

3. Due to the sharp decline in PC sales that hit Intel's business hard and the recovery was slow, the chip giant suffered the largest quarterly loss in history in the first quarter, and it is expected to continue to lose money in the second quarter.

4. After expecting operating profit in the first quarter to decline by more than 90% year-on-year, Samsung Electronics, which had no intention of artificially reducing memory chip production, finally decided to cut production.

Lansheng Technology Limited (https://www.lanshengic.com/) is a global distributor of electronic components that has been established for more than 10 years, headquartered in Shenzhen China, who mainly focuses on electronic spot stocks.