Lead times -- or the time it takes between placing an order and it being fulfilled -- for the industry contracted for the ninth month in a row, another indication that we are exiting the pandemic-triggered chip shortage of about two years, reports Susquehanna Financial analyst Christopher Rolland.
Market research agency Susquehanna Financial Group found that the chip supplies are rallying with an average lead time now about 24 weeks - three weeks shorter than the record high in May last year.
Broadcom: Robust sales forecast and still 50 week lead times
Lead times - the gap between when a semiconductor is ordered and when it is delivered - averaged 26.9 weeks in July, compared with a revised 27 weeks in June, according to research by Susquehanna Financial Group. It was the third consecutive month that lead times narrowed.
Receive trusted market insights, straight to your inbox.