A leading indicator of sourcing activities, the Commodity IQ Design Index for resistors is on track to rise above the baseline in Q4. Forecasts predict a 9.5% increase in Q4 compared to Q3, suggesting demand growth in late H1 2024. With Japanese suppliers having de-emphasized mature and standard products like thick-film devices and many manufacturers shifting production capacities away from other applications to support the automotive space better – supply is likely to tighten