• Order Cancellations Strike, 8-inch Fab Capacity Utilization Rate Declines Most in 2H22, Says TrendForce


    Although products such as MCU and PMIC were previously in short supply, foundries’ capacity utilization rate remained roughly at full capacity through their adjustment of product mix. However, a recent wave cancellations have emerged for PMIC, CIS, and certain MCU and SoC orders.


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9 August 2022

Market Value of Micro LED Transparent AR Smart Glasses Chips Estimated at Approximately US$38.3 Million by 2026, Says TrendForce

LED

According to TrendForce's latest research report "TrendForce 2022 Self-Emitting Micro LED Display Cost and Trend Analysis," Micro LED light engine performance beats Micro OLED in terms of brightness, contrast ratio, and responsiveness in transparent AR smart glasses microdisplays and is ideal for applications in outdoor environments. Since 2021, more than 10 branded manufacturers around the world have launched Micro LED transparent AR smart glasses concepts and related suppliers have improved Micro LED technology and accelerated factory expansion in order to meet subsequent mass production planning. In 2026, the revenue of Micro LED transparent AR smart glasses chips is forecast at approximately US$38.3 million, with annual compound growth rate of Micro LED chips from 2023 to 2026 at approximately 704%.

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4 August 2022

Intel Orders Delayed, TSMC Slows Three-Nanometer Expansion, Says TrendForce

According to TrendForce research, Intel plans to outsource the tGPU chipset in Meteor Lake to TSMC for manufacture. Mass production of this product was initially planned for 2H22 but was later postponed to 1H23 due to product design and process verification issues. Recently, the product’s mass production schedule has been postponed again to the end of 2023 for some reason, nigh completely cancelling 3nm production capacity originally booked in 2023 with only a marginal amount of wafer input remaining for engineering verification.

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3 August 2022

Historically Low 2023 DRAM Demand Bit Growth at Only 8.3%, NAND Flash Expected to Drive Installed Capacity Growth Due to Falling Prices, Says TrendForce

According to TrendForce, DRAM market demand bit growth will only amount to 8.3% in 2023, sub-10% for the first time in history, and far lower than supply-side bit growth of approximately 14.1%. Data indicates the DRAM market to be severely oversupplied at least in 2023 and prices may continue to decline. NAND Flash is still in a state of oversupply and, although prices are expected to fall in the first half of next year, NAND Flash has built-in price elasticity compared to DRAM and average prices are expected to stimulate density growth in the enterprise SSD market after declining for several consecutive quarters. Demand bits are expected to grow by 28.9%, while supply bits will grow by approximately 32.1%.

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4 August 2022

Intel Orders Delayed, TSMC Slows Three-Nanometer Expansion, Says TrendForce

According to TrendForce research, Intel plans to outsource the tGPU chipset in Meteor Lake to TSMC for manufacture. Mass production of this product was initially planned for 2H22 but was later postponed to 1H23 due to product design and process verification issues. Recently, the product’s mass production schedule has been postponed again to the end of 2023 for some reason, nigh completely cancelling 3nm production capacity originally booked in 2023 with only a marginal amount of wafer input remaining for engineering verification.

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3 August 2022

Historically Low 2023 DRAM Demand Bit Growth at Only 8.3%, NAND Flash Expected to Drive Installed Capacity Growth Due to Falling Prices, Says TrendForce

According to TrendForce, DRAM market demand bit growth will only amount to 8.3% in 2023, sub-10% for the first time in history, and far lower than supply-side bit growth of approximately 14.1%. Data indicates the DRAM market to be severely oversupplied at least in 2023 and prices may continue to decline. NAND Flash is still in a state of oversupply and, although prices are expected to fall in the first half of next year, NAND Flash has built-in price elasticity compared to DRAM and average prices are expected to stimulate density growth in the enterprise SSD market after declining for several consecutive quarters. Demand bits are expected to grow by 28.9%, while supply bits will grow by approximately 32.1%.

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1 August 2022

U.S. Passes CHIPS Act, Increasing Restrictions on China Lead to Rising Geopolitical Risk, Says Trendforce

The disruption of the chip supply chain caused by the pandemic in the past two years, as well as geopolitical flashpoints such as Sino-US trade frictions and the Russia-Ukraine war, have led regional economies worldwide to focus more on the autonomy of local production and supply chains. According to TrendForce research, in terms of 12-inch equivalent production capacity in various regions around the world, Taiwan will account for approximately 43% of capacity by 2025, followed by China at 27%, the United States at 8%, and South Korea at 12%. In terms of advanced process capacity below 7nm (inclusive), Taiwan will account for approximately 69% by 2025, South Korea 18%, the United States 12%, and China 1%. Compared with the landscape in 2022, it is obvious that the United States will increase its proportion of advanced process production capacity in the next three years, while China will focus on mature processes.

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21 July 2022

LCD Monitor Demand Continues to Weaken in 2H22, Annual Shipments at Only 139.9 Million Units, Says TrendForce

According to TrendForce research, global LCD monitor shipments reached 72.3 million units in 1H22, a level on par with to the same period in 2021. Certain whole devices orders in 4Q21 were deferred to 1Q22 due to logistics and transportation issues. In addition, some brands felt optimistic regarding the outlook for 2022, so they initiated aggressive promotions to stimulate sales in 1Q22. Although the Russian-Ukrainian war and rising inflation have seriously impacted demand in the European consumer market since Q2, demand for business models is still positive, which in turn bridges the gap left by the consumer market.

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18 July 2022

Weak Demand and Redlining Inventory, Panel Makers Forced to Reduce Utilization, Says TrendForce

Moving into 2H22, terminal brands continue to adjust their inventory, not only weakening panel demand, but also inducing a sustained drop in panel quotations. The sharp increase in operating pressure affecting panel manufacturers has forced the display industry to restrain production. According to TrendForce's "Monthly Panel Supplier Utilization Report," utilization rate (calculated by the volume of glass input) in 3Q22 is expected to fall to 70%, a substantial decrease of nearly 7.3 percentage points from 2Q22.

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13 July 2022

Driver IC Pricing Continues Fall with 8~10% Drop in 3Q22, Decline May Persist Until Yearend, Says TrendForce

According to TrendForce research, weak terminal demand debuting at the start of this year has led to a steady uptick in inventory pressure. In order to effectively control inventory, IC stocking momentum has trended conservative. Demand also reversed quickly for peripheral ICs that were in short supply in 2021 such as driver ICs, Tcons, and PMICs for panels, causing panel makers' demands on panel driver IC pricing to drop even more in 3Q22. With supply and demand imbalanced and inventory high, the driver IC price drop is expected to expand to 8~10% in 3Q22, and prices falling all the way until the end of the year cannot be ruled out.

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9 August 2022

Market Value of Micro LED Transparent AR Smart Glasses Chips Estimated at Approximately US$38.3 Million by 2026, Says TrendForce

LED

According to TrendForce's latest research report "TrendForce 2022 Self-Emitting Micro LED Display Cost and Trend Analysis," Micro LED light engine performance beats Micro OLED in terms of brightness, contrast ratio, and responsiveness in transparent AR smart glasses microdisplays and is ideal for applications in outdoor environments. Since 2021, more than 10 branded manufacturers around the world have launched Micro LED transparent AR smart glasses concepts and related suppliers have improved Micro LED technology and accelerated factory expansion in order to meet subsequent mass production planning. In 2026, the revenue of Micro LED transparent AR smart glasses chips is forecast at approximately US$38.3 million, with annual compound growth rate of Micro LED chips from 2023 to 2026 at approximately 704%.

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6 July 2022

Automotive Lighting Product Market Expected to Grow by 4% Annually in 2022 on the Back of Technological Progress and Pricing Backstops, Says TrendForce

LED

According to TrendForce's latest "2022 Global Automotive LED Product Trend and Regional Market Analysis " report, although demand in the car market will decline in 2022 due to the impact of the Russian-Ukrainian war and China's pandemic resurgence, gains made in the penetration rate of LED headlights coupled with the development of advanced technologies such as intelligent headlights, logo lamps, and intelligent ambient lights will sustain a backstop for market demand in automotive lighting in 2022. At the same time, the soaring cost of plastics will compel automotive lighting product pricing to remain flat or even increase. Therefore, TrendForce forecasts that the market value of the global automotive lighting will reach US$32.68 billion in 2022, 4% YoY. The top five international automotive lighting manufacturers Koito, Valeo, Marelli Automotive Lighting, Hella, and Stanley, maintained a combined market share of 65% in 2021.

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29 June 2022

Market Value of Micro LEDs for AR Smart Glasses Display Chips Forecast to Reach US$41 Million by 2026, Says TrendForce

LED

According to TrendForce's latest Micro LED research report, among many Micro LED display applications, Micro LED microdisplays will be the next new high-end product following on the heels of large-scale display development. The market value of Micro LED AR smart glasses display chips is forecast to reach US$41 million by 2026. The reason for such a significant growth in market value in just one year from 2025 to 2026 is primarily due to the gradual maturity of technologies such as red chips, laser transfer, wafer bonding and full-colorization, which can improve yield and reduce production costs.

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28 July 2022

In the Era of Energy Storage, Global Installed Electrochemical Energy Storage Capacity Estimated to reach 1160GWh in 2030, Says TrendForce

Large-scale utilization of renewable energy is the fundamental path to achieving a comprehensive decarbonization of the power grid. During this process, new energy storage technology represented by electrochemical energy storage has become an important cornerstone for the sustained growth in the proportion of installed renewable energy. According to TrendForce statistics, global installed capacity of electrochemical energy storage is expected to reach approximately 65GWh in 2022 and 1,160Gwh by 2030, of which 70% of storage demand originates from the power generation side, which is the primary source of momentum supporting the installed capacity of electrochemical energy storage.

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16 June 2022

Energy Revolution to Drive Energy Storage Market Development in Next 5-10 Years, Global Installed Capacity to Reach 362GWh by 2025, Says TrendForce

Constrained by carbon neutrality and carbon peaking targets and enveloped by a bullish backdrop of declining system costs, the global installed capacity of wind and solar energy has shown a steady growth trend over the past five years. According to TrendForce statistics, the cumulative installed capacity of global renewable energy in 2021 was approximately 3,064GW (gigawatts), with an average annual growth rate of approximately 8-10% and 88% as the highest application of wind and solar energy in any area.

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19 April 2022

Global Proportion of Installed Lithium Iron Phosphate Battery Capacity Expected to Reach 60% in 2024, Becoming Mainstream of Power Battery Market, Says TrendForce

As a consequence of rising power battery raw material prices, a number of global new energy vehicle (NEV) brands including Tesla, BYD, NIO, Li Auto, and Volkswagen, have successively raised the sales prices of electric vehicles (EV) in 1Q22. TrendForce believes that power batteries are the core component that account for the greatest portion of an EV’s overall cost and reducing the cost of power batteries will be an important strategy for companies to remain competitive in the future. As technology continues to innovate, lithium iron phosphate batteries are expected to account for more than 60% of installed capacity in the global power battery market by 2024.

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26 July 2022

Explosive Inflationary Pressure and Slumping Consumer Demand, Global TV Shipments Fight to Hold at 200 Million Units in 2022, Says Trendforce

According to TrendForce research, global TV shipments in 2H22 reached 45.17 million units, falling 5% QoQ and 6.8% YoY. This was the first time shipments fell below a record low of 46 million units in the second quarter. The economies of Europe and the United States have been hit by rising inflation and interest rate hikes. In addition, China has been affected by the spread of the COVID-19 pandemic and has repeatedly implemented measures such as lockdowns and a dynamic zero-COVID policy. These three major TV sales regions are facing different facet of economic issues, seriously affecting overall shipments and sales. TV shipments from Samsung and LG, mainly sold in Europe and the United States, were revised downward by nearly 30% in 2Q22 and, with a combined market share of nearly 32%, this development sent shockwaves through on the market.

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1 June 2022

Global 1Q22 Smartphone Production Volume Drops 12.8% QoQ Due to Amplified Off-season Effect, Says TrendForce

According to TrendForce, the multiplicative effect of the traditional off-season further weakened smartphone production performance in 1Q22 with global output only reaching 310 million units, a 12.8% decline QoQ. Compared with the same period last year, the strategic planning adopted by smartphone brands in response to Huawei's market share collapse is quite different, with annual decline in production as high as 10.1%. Looking to 2Q22, in the face of rising inflation intensified by the Russian-Ukrainian war and the direct impact of China's lockdowns, the momentum of consumption continue to weaken. According to TrendForce's current observations, global smart phone production volume in 2Q22 is forecast at approximately 309 million units, which is roughly on par with 1Q22 but the lingering possibility of a subsequent downgrade this quarter cannot be ruled out.

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24 May 2022

Shipments of Mobile Phone Camera Modules Forecast to Reach 5.02 Billion in 2022, Three Camera Modules Still Mainstream Accounting for More than 40%, Says TrendForce

According to TrendForce research, smartphone camera module shipments will increase to 5.02 billion units in 2022, an annual growth rate of 5%. Since the price-performance ratio of whole devices is the primary basis for consumer purchases, the cost of high-standard solutions such as the five-camera design and main cameras sporting hundreds of millions of pixels will inevitably be passed on to the manufacturer with little improvement in sales performance. Therefore, the three-camera module remains the mainstream design this year and is forecast to account for more than 40% of total shipments. Only some smartphone models will adopt a four-camera design to differentiate their specifications, while the number of products with dual-cameras or less will fall, with entry-level models being the primary candidates.

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1 August 2022

Top Three Equipment Manufacturers Estimated to Account for 74.5% of Global Base Station Market in 2022, Says TrendForce 

The entire world utilizes the building of 5G networks to meet the needs of individual users and vertical industries and, as the ubiquity of 5Q continues to broaden, its applications cover the medical, education, industry, and agriculture sectors, forming a business model that can be replicated and promoted, and accelerating development of its network scale. TrendForce estimates that Huawei, Ericsson, and Nokia will account for 74.5% of the global base station market in 2022.

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13 June 2022

LEO Satellite Business Opportunities Booming, Driving Global Satellite Output Value to US$308.3 Billion in 2023, Says TrendForce

In 2022, the United States, China, and the United Kingdom will actively promote the deployment of low Earth orbit (LEO) satellites. According to TrendForce, growth momentum comes from a sharp rise in International Telecommunications Union (ITU) demand for orbits, spectrum specifications, and global bandwidth. In addition, Satellite Internet is regarded as a primary communications solution for remote villages, rural areas, and sea and air transportation. A Hybrid Network can be developed to improve bandwidth and coverage through a combination of satellite communications technology and terrestrial networks. TrendForce forecasts that by 2023 the global output value of the satellite industry can reach US$308.3 billion, with an annual growth rate of 4.5%.

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13 April 2022

Market Share of Smartphones Supporting Wi-Fi 6 and 6E Expected to Exceed 80% in 2025, Says TrendForce

Wi-Fi 6E was commercialized in 2021 and, in addition to supporting the 5 GHz and 2.4 GHz bands, it can also operate in the 6 GHz band. According to TrendForce research, Wi-Fi 6E is designed to reduce network congestion and interference through more numerous, wider, and non-overlapping channels (transmission channels for signals in communication systems), while Wi-Fi 6 and 6E’s regular wake-up mechanism (Target Wake Time) effectively coordinates network traffic and maximizes the battery life of smartphones. By 2025, the market share of smartphones supporting Wi-Fi 6 and 6E is estimated to surpass 80%.

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18 July 2022

EVs and Charging Industry Poised to Take Off as the World Chases Decarbonization and Net Zero, Says TrendForce

According to TrendForce research, sales of electric vehicles (EVs) that can be externally charged or refueled such as BEVs, PHEVs, and FCVs are estimated to exceed 25% of global new vehicle sales by 2025. The main driving force in the market comes from accelerated worldwide decarbonization. In order to meet the goals of carbon neutrality, nations and corporations will eliminate internal combustion vehicles that are highly dependent on fossil fuels and also major carbon emitters.

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16 May 2022

Bucking Trends NEV Market Grew in 1Q22 with Global Sales Exceeding 2 Million Units, Says TrendForce

According to TrendForce data, total sales of new energy vehicles (NEVs including battery electric vehicles, plug-in hybrid electric vehicles, and fuel cell vehicles) in 1Q22 was 2.004 million units, an annual growth rate of 80%. Battery electric vehicles (BEV) demonstrated the strongest growth with sales reaching 1.508 million units. Plug-in hybrid electric vehicles (PHEVs) sold 493,000 units. Growth in NEV sales did not come easy, as global auto market sales (regardless of powertrain type) fell by 7% YoY in 1Q22 due to factors such as the chip shortage, Russian-Ukrainian war, and China's pandemic lockdown and prevention measures.

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23 March 2022

Russian-Ukrainian War Rages On, Affecting Renault, Hyundai, and Volkswagen, Says TrendForce

Due to the Russian-Ukrainian war, automotive factories currently located in Russia have shut down successively and stopped importing vehicles, TrendForce asserts. In addition, Russia has stated that if foreign-funded enterprises choose to permanently suspend business or withdraw from the market during this period, the Russian government will nationalize their business assets. Most automotive brands have factories in Russia and now face the dual pressures of international public opinion and corporate losses. According to TrendForce investigations, after Renault-Nissan acquired the Russian brand LADA, its market share reached 32%, making it the largest automotive brand in Russia followed by Hyundai-Kia at 23% and Volkswagen at 12%.

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In-Depth Analyses


9 August 2022

Daily Express Agu.9,2022 Spot Market Today

In today’s DRAM spot market, the demand from the end side still remains dull. Moreover, the buyers lower their prices for actual orders. Although the suppliers have selling pressure, the buyers are passive in accepting the buying price. As a result, the overall price of chips continues to decline. In the mainstream category, the average price of DDR4 8G (1Gx8) 2666 drops to USD 2.872, and th

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8 August 2022

Daily Express Agu.8,2022 Spot Market Today

In today’s DRAM spot market, the buying momentum is stagnant. Meanwhile, the buyers are passive and hold a conservative attitude toward the market. Hence, the actual trading condition is not ideal. To sum up, the overall price of chips goes down in the end. In the mainstream category, the average price of DDR4 8G (1Gx8) 2666 drops to USD 2.888, and the average price of DDR4 512x8-2400/2666 d

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Daily Express Agu.5,2022 Spot Market Today

5 August 2022

In today’s DRAM spot market, the market condition shows dull. Moreover, part of DDR4 drops increasingly since the suppliers keep lowering their prices. Hence, the actual buying momentum is still limited and the final trading volume is not ideal. In the mainstream category, the average price of DDR4 8G (1Gx8) 2666 drops to USD 2.909, and the average price of DDR4 512x8-2400/2666 drops to USD


Polysilicon Persists in Inflation; Films and Backplanes Marginally Dropped in Prices Due to Lowered Module Utilization

5 August 2022

Polysilicon This week’s polysilicon prices saw a return to the inflation trend, where the mainstream concluded price has risen to RMB 302/


Daily Express Agu.4,2022 Spot Market Today

4 August 2022

In today’s DRAM spot market, the market condition is dull and only a few inquiries appear in the low-priced part. Although the suppliers are actively catering, the buyers still can't accept the buying price. As a result, the overall price remains in a downtrend. In the mainstream category, the average price of DDR4 8G (1Gx8) 2666 drops to USD 2.910, and the average price of DDR4 512x8-24



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