Sigma Designs' Top TV Maker Customers Facing ‘Demand Challenges,’ Says CEO
At SoC supplier Sigma Designs, “some of our top customers” in the smart TV space “have been dealing with their own demand challenges, which, of course, translate into lower unit volume in the short term for Sigma," CEO Thinh Tran…
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said on a Tuesday earnings call. Though smart TV sales among the top Sigma customers “appear to be flattish in the near term, we remain confident our customers will gain traction in the market and that Sigma smart TV revenues should rebound accordingly,” he said. Sigma’s “visibility” into the smart TV business in 2017's second half is “limited at this point in time,” said Ken Lowe, vice president-strategic marketing, in Q&A: “There is a lot of flux at some of our largest customers,” Lowe said. “Expectations” are that the TV makers will “revisit their go-to-market plans and regain traction,” he said. When that happens, revenue for Sigma “will resume appropriately,” he said.