Automotive suppliers optimistic about 2H24 outlook as inventory correction approaches end

Annabelle Shu, Taipei; Peng Chen, DIGITIMES Asia 0

Credit: Tsang Yow Industrial Co.

Car OEMs and tier-1 suppliers have adjusted their inventories since 2023, which affects most automotive suppliers' operations and deliveries. The adjustment is expected to be completed recently, offering companies a promising second half of 2024.

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