SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Silicon Motion Inc. (SIMO)
SIMO 79.52-0.4%Jul 16 3:59 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Elroy1/25/2024 10:14:40 PM
   of 2782
 
From the Intel conference call

Moving to client. CCG performed very well in Q4, posting the third consecutive quarter of double-digit sequential growth. Demand reflected a normalized inventory environment with sustained strength in gaming and commercial with our highest-end SKUs exceeding Q3 records by 20%.

The 2023 consumption TAM was roughly 270 million units consistent with our views entering the year, and we expect the PC TAM up low single digits year on year in 2024, in line with third-party estimates. Our share position is strong, and our product portfolio for 2024 and beyond and ecosystem work will continue to drive industry-leading performance and experiences.

CCG (PCs) delivered revenue of $8.8 billion, up 12% sequentially, 33% year over year, and ahead of internal expectations for the fourth consecutive quarter. We saw sustained strength in gaming and commercial segments, along with record performance of notebook shipments in the quarter. Customer inventory levels have normalized, and 2023 PC consumption was in line with our 270 million-unit forecast.

With market signals remaining positive for PC demand and usage rates, we expect TAM to grow in the low single digits in 2024, consistent with third-party views.

--

Ben Reitzes -- Melius Research -- Analyst

Yeah. Thanks, John. Could you talk about a bit more about the client market? There was -- you mentioned that corporate, you said some strength. And Dell had said there was some weakness.

And heading into the first quarter, I was -- can you talk about the revenues on client and what makes you so confident that it's really going to pick up? Thanks.

Pat Gelsinger -- Chief Executive Officer

Yeah. So, you know, as we look at the market year on year, we expect it to be a few points bigger than it was last year. So, last year, it was 270. This year, a couple of points higher than that.

I think that's consistent with the various market forecasters that we have. Our market share position is very stable. We had good execution on market share through last year, and the product line is better this year with a number of tailwinds like we said. So, overall, we think it's going to be a very solid year for us in our client business.

Obviously, as we start the year, everybody is -- I'll say, managing through what their Q1 outlook looks like even as they expect to see stronger business as we go through the year. I'd also comment, Ben, that some of these tailwinds really only start to materialize as you go into second quarter and second half. AIPC is just ramping right now. The Windows 10 EOS goes into effect and customers are starting to look at their post-COVID refreshes.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext