Many mature-node (> 65nm) discrete capacity expansions will not come online before 2025, with some ramping as late as 2027. The Commodity IQ Design Index for diodes rose on average by 6% sequentially in Q2 and by 5% year-over-year. Transistors experienced an increase in design activities of 7% in Q2. For Q4 2022, the quarterly index growth for diodes and transistors was 9% and 11%, respectively. Teams should plan for constrained supply as demand returns.