Revenues of the top semiconductor companies were generally strong in 4Q 2021. Non-memory companies grew revenues 7% in 4Q 2021 versus 3Q 2021.
The strongest growth was from Qualcomm at 14%, AMD at 12% and STMicroelectronics at 11%.
All other non-memory companies had revenue increases ranging from 3% to 8%.
The weighted average guidance for 1Q 2022 for the non-memory companies is a 1% decline from 4Q 2021.
Excluding Intel, which is expecting a 6% decline, the non-memory companies expect 2% growth in 1Q 2022 versus 4Q 2021.
Most companies indicate continuing supply chain problems, with overall demand still exceeding supply.
The memory companies (Samsung, SK Hynix, Micron Technology and Kioxia) collectively had a 5% decline in revenue in 4Q 2021 versus 3Q 2021.
SK Hynix and Kioxia had revenue gains while Samsung and Micron had revenue declines.
The memory companies generally see strong demand, but shortages of other components are hampering the production of some electronic equipment and the demand for memory in these products.
The first quarter of the year typically shows a revenue decline from the fourth quarter of the prior year. Over the last ten years, 1Q has declined from 0.5% to 15% from 4Q – except for 1Q 2021 which was up 3.8% from 4Q 2020.
With many companies guiding growth in revenue in 1Q 2022, the outlook for the year 2022 is healthy.
SI is projecting 1Q 2022 will be flat to down slightly from 4Q 2021. Growth in 2Q 2022 through 4Q 2022 should be moderately healthy as capacity shortages continue to be worked out and forecasts 15% growth for 2022.