MELEXIS: Geared up, on track to 20 ICs/car
Sales are impacted as anticipated by inventory corrections of customers, triggered by the continued uncertain economic and geopolitical situation caused by global trade tensions. Inventory corrections are ongoing and visibility remains low. With global car sales in 1Q19 below the 2018 level and trade tensions persisting, it is uncertain at which moment a change in the order behavior of Melexis' customers will occur. Melexis will benefit from the expected increased demand for automotive semiconductors as the automotive industry tries to enhance safety, comfort, and connectivity features within vehicles.Melexis designs, develops, tests and markets advanced integrated circuits primarily for the automotive industry. Co. sells its products to a wide customer base in the automotive, medical and industrial markets in Europe, Asia and North America. Co.'s main products are Hall effect ICs, Pressure and Acceleration Sensors, Sensor Interface ICs, Automotive Systems-on-a-Chip, Embedded Microcontrollers, Bus System Chips, Optical and Infrared sensors. In each case the products are primarily developed for automotive applications and designated lead customers with subsequent use in commercial and industrial applications.
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