Entering 2024, the industry is looking forward to a slow recovery trend in the coming year. However, after Texas Instruments and STMicroelectronics issued pessimistic guidance for the industry in recent days, another major chip giant once again issued a warning that even if the industry begins to recover, some customers are still dealing with excess chip inventory.

In fact, in the past few years, Qualcomm has been trying to reduce its dependence on the mobile phone market and try to enter the automotive and personal computer chip markets, but the company's profits are still severely affected by the demand for mobile phones, especially the demand in the Chinese market.

In addition to the mobile phone chip market, Texas Instruments and STMicroelectronics have recently expressed concerns about the growth of industrial and automotive chips in 2024.