Semiconductors: More Green Shoots Of Recovery Keep On Popping Up

March revenue numbers from Taiwan semi ecosystem are surprisingly good..

On April 13th last, Gartner announced that PC Unit Shipments in Q1 2023 were down 30% YoY. The 55.2 million units shipped in the first quarter was also down 15.5% sequentially.

None of this was a surprise. For their Q1 2023 business outlook, Taiwan based PC OEM Asus forecasted a 15-20% sequential decline. This means that the 15.5% sequential decrease reported by Gartner is right there a the low end of Asus’s prediction. While this suggests that the PC market performed better than the worst case scenario during the first quarter, there a a number of other positive looking indicators that came up on our radar screen over the course of the past few days.