Episode 58: A New Semiconductor Recession? Onsemi, Aehr Test Systems, and Lattice Semiconductor Stocks Plummet

Chip Stock Investor Podcast · Oct 31, 2023 · 26m

The end of October served up a nasty shock to some semiconductor stock investors. As interest rates rise and electric vehicles (EVs) become less affordable to finance, some demand is weakening and throttling growth prospects. Onsemi (ON) confirmed as much in its Q3 2023 earnings update, sending its shares (and those of Aehr Test Systems (AEHR), which derives most of its revenue from Onsemi) down by some 20% in a day. The market wasn’t much happier with Lattice Semiconductor (LSCC), which also counts industrial and automotive markets as top customers. It had another strong showing in Q3, but…