Year-on-year, the Commodity IQ Demand Index collapsed by 19%, 26%, and 35% for amplifiers, power analog, and signal ICs, respectively, in 2023. Amplifier, power, and signal analog IC inventories are over twice the Commodity IQ Lead Time Index pre-pandemic baseline. Both add up to pricing favoring the buy side. Texas Instruments is extremely aggressive on pricing, prompting other players, including Onsemi and Microchip, to follow suit. High-performance analog product prices will be primarily flat-to-flexible. Standard products are ripe for cost-downs, particularly for new orders.