RE149 Q1 2025 Market Insights V3 - Flipbook - Page 7
STMicroelectronics (ST)
ST’s industrial revenue dropped by 49%, while automotive revenue fell by 14% in 2024. The company plans to lay off
approximately 2,000–3,000 employees, amounting to a 6% workforce reduction. Temporary plant closures are expected this
quarter as ST adjusts its operations to market conditions
Panasonic
Factory Fire Incident
A fire at Panasonic’s Chitose facility in Japan on March 9 has halted production of key electronic components, including varistors
and thermistors. Recovery efforts are ongoing, with estimated production resumption expected within 3–6 months. Customers
are advised to consider alternative suppliers during this period.
Data Falsification Issue
Panasonic has disclosed long-term data falsification related to relay durability testing, impacting product reliability claims.
While no official public statement has been made, select clients have been informed, and warranty responses are being
handled by distributors. Increased demand for Littelfuse varistors, a replacement for Panasonic’s affected components, has
extended lead times.
WECO Hanau (Germany)
WECO Hanau filed for insolvency in November 2024, with court approval granted in December. Due to financial challenges,
the facility will cease operations by June 2025, with production shifting to WECO Tunisia. Customers are encouraged to
prioritize orders and update payment terms to avoid disruptions.
Toshiba, Avago & Broadcom
Toshiba’s TBD series prices will rise by 80%, impacting procurement costs for affected customers. Avago’s pricing remains stable
for now, while Broadcom products face supply shortages. A new batch of Avago products is available with competitive pricing for
customers looking for alternative sourcing options.
Market insights
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