(Reuters) – Analog semiconductor maker X-FAB flagged sustained high inventory with automotive customers on Thursday, but is seeing a recovery in industrial and medical demand in 2025.
The Erfurt, Germany-based company said inventory adjustments in its automotive business will be dragged into 2025.
“Inventory revisions for the automotive supply chain where X-FAB has the highest exposure should begin late last year and continue until 2025,” it said in its fourth quarter revenue report.
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X-FAB joined the team with a warning about a car inventory correction to be dragged in 2025, with customer Melexis pointing out Wednesday that carmakers are delaying orders citing excessive attacks.
(Reporting by Nathan Vifflin; Editing by Jane Merriman and Toby Chopra)
