We use Power Management Integrated Circuits (PMICs) in many markets, from consumer and automotive electronics to communications, computing, or industrial control. These chips have been in high demand with little inventory for the past year or more, and prices rose accordingly.
Many big players (Texas Instruments, Infineon, STMicroelectronics, and onsemi) are expanding their wafer production, removing some pressure on this market. In response, lead times are decreasing, and chip manufacturers are under pressure to moderate their prices as inventories increase.
While demand for consumer electronics regulators has decreased, industrial control and automotive markets are still hungry. They want higher PMIC voltage accuracy, temperature control, and reliability requirements.