OnSemi, Lattice guide to Q4 weakness

OnSemi, Lattice guide to Q4 weakness

Business news |
By Peter Clarke

Two broadly-based chip companies, OnSemi and Lattice Semiconductor, have both guided to below-seasonal Q4 revenue declines of about 8 percent within their 3Q23 financial results.

OnSemi, strongly engaged in automotive and industrial markets, reported a 3Q23 net profit of US$582.7 million on revenue of US$2,180.8 million. Revenue was up 4.1 percent sequentially but flat with the same quarter year before.

OnSemi guided that Q4 revenue would be between US$1,950 million and US$2,050 million, down 8.3 percent at the mid-point compared with Q3 revenue.

Lattice Semiconductor, a vendor of FPGAs, reported a net profit of US$53.8 million on revenue of US$192.2 million for its 3Q32. Revenue was up 1.1 percent sequentially and up 11.4 percent compared with 3Q22.

The guidance from Lattice for Q4 is that revenue will be between US$166 million and US$186 million, down 8.4 percent at the mid-point.

Related links and articles:

News articles:

Vitesco and Onsemi in billion-euro, long-term SiC supply deal

Nexperia engages broker to sell Newport wafer fab

FPGA vendor Lattice ends 2022 with strong growth

If you enjoyed this article, you will like the following ones: don't miss them by subscribing to :    eeNews on Google News


Linked Articles