Sourcing activities for standard logic devices fell in Q2 by 16% to finish the first half of the year 45% lower than 2022, according to the Commodity IQ Demand Index. Texas Instruments and Nexperia have reportedly been more aggressive than other suppliers on price reductions. Newer logic suppliers, including SG Micro and Wuxi I-CORE Electronics, are breaking into the market by offering competitive pricing. With weak pricing and the demand index tumbling below the baseline for the first time since December 2020, now is the time for procurement and commodity management teams to review and negotiate better pricing terms.