Semiconductor shipments fell by one day in June, a sign of some relief after a chronic shortage that has plagued automakers and other industries for more than a year.

According to research by Susquehanna Financial Group, order fulfillment times — the gap between when a semiconductor is ordered and when it ships — averaged 27 weeks last month, compared with 27.1 weeks in May.

“There are some signs of easing supply chain inflation and a slowdown in price growth, but other pockets remain,” Susquehanna analyst Chris Rolland said in a research note on Wednesday.

“Among the key companies we track, none posted record high LTs, perhaps one sign of a ‘peak cycle.’

Susquehanna said operational, or forecast, figures for companies show a second straight month of declines in completion times, with some declines as high as 45%.

Some of the biggest drops were for Microcontroller Units, or MCUs, as well as power and memory management chips.

Programmable gate arrays, or FPGAs, lead times remain “maximum for our 52-week limit and are likely the most constrained part of the ecosystem,” the report said.

Susquehanna added that the FPGA flaw affects networking, optical and telecommunications equipment.

Weaknesses in the chip market have hit companies from Toyota Motor Corp. to Apple, costing them billions of dollars in lost revenue because they couldn’t get enough semiconductors to meet the demand for their products.

Citibank analysts this week forecast semiconductor sales to grow 13% in 2022.

But they warned of risks due to falling sales of personal computers and smartphones, as well as their recession forecasts.

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