# Episode 66: Earnings Insights on Industry Segments (Infra, PCs, Mobile, Auto/industrial)

- Show: [The Circuit](https://hardwarepodcasts.com/podcast/the-circuit)
- Published: 2024-05-07
- Length: 36m
- Episode: 67
- Page: https://hardwarepodcasts.com/podcast/the-circuit/2024-05-07-episode-66-earnings-insights-on-industry-segments-infra-pcs-mobile-auto-industri
- Listen: https://share.transistor.fm/s/4bf1b6cd

## Summary

Ben Bajarin and Jay Goldberg analyze recent semiconductor earnings, highlighting that while data center growth is strong, it is heavily concentrated in NVIDIA, leaving Intel and AMD struggling to capture significant market share despite their new chips like the MI 300 X and Gaudi 3. They discuss the PC sector, noting that while AI PCs are generating buzz, they are unlikely to trigger a 'super cycle' of sales, with growth expected to be modest. In mobile, Apple's stock rose due to a large share buyback and better-than-expected China unit share, while Qualcomm benefits from a premiumization trend in Android devices. Finally, they examine automotive and industrial semiconductors, noting Qualcomm's design wins in ADAS but questioning their stickiness, while industrial segments like FPGA face ongoing inventory destocking and pricing pressure from Chinese capacity.

## Chapters

- [0:06](https://hardwarepodcasts.com/podcast/the-circuit/2024-05-07-episode-66-earnings-insights-on-industry-segments-infra-pcs-mobile-auto-industri#t=6) Introduction: Ben Bajarin and Jay Goldberg on Semiconductor Earnings
- [1:04](https://hardwarepodcasts.com/podcast/the-circuit/2024-05-07-episode-66-earnings-insights-on-industry-segments-infra-pcs-mobile-auto-industri#t=64) Data Center: NVIDIA's Dominance vs. Intel and AMD's Struggles
- [4:54](https://hardwarepodcasts.com/podcast/the-circuit/2024-05-07-episode-66-earnings-insights-on-industry-segments-infra-pcs-mobile-auto-industri#t=294) PCs: The Myth of the AI PC Super Cycle
- [10:52](https://hardwarepodcasts.com/podcast/the-circuit/2024-05-07-episode-66-earnings-insights-on-industry-segments-infra-pcs-mobile-auto-industri#t=652) Mobile: Apple's China Strategy and Qualcomm's Premium Shift
- [19:14](https://hardwarepodcasts.com/podcast/the-circuit/2024-05-07-episode-66-earnings-insights-on-industry-segments-infra-pcs-mobile-auto-industri#t=1154) Consumer Electronics: Recovery in IoT and Home Networking
- [22:44](https://hardwarepodcasts.com/podcast/the-circuit/2024-05-07-episode-66-earnings-insights-on-industry-segments-infra-pcs-mobile-auto-industri#t=1364) Automotive: Qualcomm's ADAS Pipeline and Sticky Design Wins
- [28:31](https://hardwarepodcasts.com/podcast/the-circuit/2024-05-07-episode-66-earnings-insights-on-industry-segments-infra-pcs-mobile-auto-industri#t=1711) Industrial Semiconductors: Inventory Destocking and Chinese Competition

## Topics

- [Chips, FPGAs & semiconductors](https://hardwarepodcasts.com/topic/chips-and-fpgas)
- [Pricing, margins & unit economics](https://hardwarepodcasts.com/topic/pricing-and-unit-economics)
- [Sourcing & supply chain](https://hardwarepodcasts.com/topic/sourcing-and-supply-chain)
- [Marketing & brand](https://hardwarepodcasts.com/topic/marketing-and-brand)

## Most relevant to

large enterprises

## Mentioned

- NVIDIA (company)
- Intel (company)
- AMD (company)
- Qualcomm (company)
- Apple (company)
- MI 300 X (product)
- Gaudi 3 (product)
- Silicon Labs (company)
- Nordic (company)
- NXP (company)
- Texas Instruments (company)
- Xilinx (company)
- Lattice (company)
- Altera (company)

## Related episodes from other shows

- [Interview: AMD CTO Papermaster | Interview: Imagination CEO Black | Where to Invest in 2020](https://hardwarepodcasts.com/podcast/ee-times-current/2020-01-24-interview-amd-cto-papermaster-interview-imagination-ceo-black-where-to-invest-in) (EE Times Current)
- [Whither Semiconductors? The Wheels on the Bus Go ‘Round and ‘Round](https://hardwarepodcasts.com/podcast/ee-times-current/2021-07-16-whither-semiconductors-the-wheels-on-the-bus-go-round-and-round) (EE Times Current)
- [Qualcomm’s AI Chip | V2X Debate | Countdown to China’s IC Self-Sufficiency](https://hardwarepodcasts.com/podcast/ee-times-current/2019-04-12-qualcomms-ai-chip-v2x-debate-countdown-to-chinas-ic-self-sufficiency) (EE Times Current)
- [Intel CPU |5G Fixed Wireless | AI Silicon Race | SMIC Rift](https://hardwarepodcasts.com/podcast/ee-times-current/2019-03-29-intel-cpu-5g-fixed-wireless-ai-silicon-race-smic-rift) (EE Times Current)
- [Fear & Loathing on the M&A Trail](https://hardwarepodcasts.com/podcast/ee-times-current/2021-02-26-fear-loathing-on-the-m-a-trail) (EE Times Current)

## Citing this page

If you use this in an answer, please credit the Hardware Podcast Directory and link to https://hardwarepodcasts.com/podcast/the-circuit/2024-05-07-episode-66-earnings-insights-on-industry-segments-infra-pcs-mobile-auto-industri. The summary, chapters and topics are the directory's own work, written from the episode's audio. The episode itself, its title and its audio belong to The Circuit.