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keyword:Forrest Chen4 result(s)

Press Releases
Annual Automotive MLCC Demand for 2021 Expected to Reach 449 Billion Pcs, with Potential for Additional Growth Next Year, as Suppliers Compete Over Shares in Automotive Market, Says TrendForce

2021/11/08

Semiconductors

Various MLCC suppliers’ book-to-bill ratios as well as quarterly shipments for 4Q21 now show signs of decline, according to TrendForce’s latest investigations Not only has the demand for consumer electronics slowed, but ODMs’ clients have also eased their procurement activities due to issues including the global chip shortage, mismatched component availabilities, and China’s power rationing Demand in the automotive market, on the other hand, has remained strong since 3Q21 Automotive applications have therefore become an important point of focus in MLCC suppliers’ latest product planning and capacity expansion efforts Thanks to these in-demand applications, annual MLCC demand from the automotive market for 2021 is expected to reach 449 billion pcs, a 20% YoY increase TrendForce further indicates that the growth of the EV market and improvements in ADAS specifications have resulted in a twofold increase in automotive MLCC consumption While EVs’ electrified drivetrain and high safety requirements represent a high barrier to entry for MLCC suppliers, these hurdles have also in turn raised MLCC products’ ASP and profitability Hence, the automotive electronics industry has been increasing its annual MLCC demand by double-digits in recent years In particular, an analysis of different vehicles and their respective MLCC consumption reveals the following: a conventional EV requires 22 times the MLCC usage of a conventional gasoline vehicle, an ADAS-equipped EV requires 27 times, and an autonomous EV requires as much as 33 times Regarding MLCC suppliers, Japanese companies including Murata, TDK, and Taiyo Yuden continue to dominate the automotive MLCC market These suppliers will expand their production capacities for automotive applications in overseas facilities in China, Philippines, and Malaysia next year, with powertrains, ADAS, and connected systems being among the most significant of the aforementioned applications Korea-based Samsung, on the other hand, specializes in powertrain applications by leveraging its MLCC offerings’ small form factor, high capacitance, and high voltage Finally, Taiwanese suppliers, such as Yageo and Walsin, are actively invested in developing automotive products and High-Q products for RF applications in an effort to increase their presence in the infotainment system market and EV charging station market Looking ahead to 2022, TrendForce expects annual automotive MLCC demand to reach 562 billion pcs, a 25% YoY increase, primarily attributed to the continued electrification of vehicles While the global implementation of carbon-neutral policies and excellent sales performances of Tesla vehicles bring about widespread adoption of EVs, various countries have successively set concrete dates for the termination of gasoline vehicle sales Hence, EVs are gradually becoming not only the mainstream option in the automotive market, but also the primary driving force behind the future growth of the MLCC industry For more information on reports and market data from TrendForce’s Department of Semiconductor Research, please click here, or email Ms Latte Chung from the Sales Department at lattechung@trendforcecom For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insidertrendforcecom/

Press Releases
Potential Worsening of Pandemic in the Philippines May Hinder Production and Shipment of Major MLCC Manufacturers Murata/Samsung, Says TrendForce

2021/08/05

Semiconductors

After Malaysia extended its MCO (movement control order) 30, the Filipino government also announced the implementation of ECQ (enhanced community quarantine) measures in Metro Manila until August 20 in response to the Delta variant’s rapid spread in Southeast Asia that began in July According to the August edition of TrendForce’s MLCC Market Bulletin, Japanese MLCC supplier Murata operates a manufacturing facility in Tanauan City, primarily for large-sized automotive MLCC (006 x 003 inches to 012 x 006 inches) production This facility manufactures capacitors that meet the auto industry’s requirements of high capacitance, high voltage, and high temperature tolerance, and its monthly automotive MLCC production capacity accounts for about 18% of the industry total As demand from the automotive market increases, Murata’s Tanauan-based facility is expected to maintain a high capacity utilization rate going forward Samsung likewise operates an MLCC manufacturing facility in the Philippines, albeit in Calamba City While the Calamba facility is primarily responsible for manufacturing normal MLCC (which are low-end and mid-range MLCC with standardized size/specs), its monthly normal MLCC production capacity accounts for 15% of the industry total and is second only to Samsung’s Tianjin-based facility As well, the Calamba facility operates at a capacity utilization rate of more than 90% TrendForce’s findings indicate that the aforementioned facilities are located approximately 67 km south of Manila and therefore do not fall under the ECQ order as yet The two facilities are operating and shipping as normal However, should the emergency implementation of ECQ in Metro Manila fail to contain the Delta variant, the pandemic would likely to make its way south, in turn affecting the two facilities Both Murata and Samsung are on high alert against such an eventuality On the other hand, given that Malaysia has yet to recover from the ongoing pandemic and lift its MCO 30 restrictions, Taiyo Yuden’s Malaysia-based MLCC manufacturing facility is operating at 80-85% capacity The resultant shortfall of high-end MLCC supply will likely make it difficult for ODMs to procure sufficient high-end MLCC in 3Q21 Various governments in Southeast Asia have implemented nationwide or regional lockdowns as well as movement control orders in order to curb the spread of the pandemic As such, MLCC suppliers including Taiyo Yuden, Murata, and Samsung, all of which have facilities located in Malaysia and the Philippines, are now confronted with an increasing risk of uncertainties regarding their production capacities and shipment schedules Looking ahead into the peak procurement period of 3Q21, TrendForce expects some ODMs to redirect their low-end and mid-range MLCC orders to Taiwanese suppliers such as Yageo and Walsin in the short run Recent reemergence of COVID-19 in China threatens the lifeblood of MLCC production Home to 55% of the world’s MLCC production bases, China has seen a reemergence of the pandemic in August in Nanjing and Zhangjiajie It should be pointed out that Murata and Yageo operate major MLCC manufacturing facilities in Wuxi and Suzhou, which, much like Nanjing, are also located in the province of Jiangsu Should the pandemic continue to worsen in China, the global supply of MLCC would undoubtedly sustain significant damage as a result Despite China’s aggressive efforts to contain the pandemic through comprehensive population testing and movement controls, the spread of the Delta variant still poses a global threat Therefore, aside from the current state of disease containment in Southeast Asia, how China manages its pandemic situation will become another vital point of observation for the MLCC market For more information on reports and market data from TrendForce’s Department of Semiconductor Research, please click here, or email Ms Latte Chung from the Sales Department at lattechung@trendforcecom For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insidertrendforcecom/

Press Releases
Malaysia's Indefinite Extension of MCO 3.0 Expected to Obstruct MLCC Supply, Particularly for High-End MLCC, Says TrendForce

2021/07/01

Semiconductors

The indefinite extension of Malaysia’s MCO (movement control order) 30 has posed severe challenges for the global MLCC market, according to TrendForce’s latest investigations The high-end MLCC segment, in particular, is expected to suffer the most severe shortage, and products that feature high-end MLCC, such as smartphones, notebooks, networking products, server, and 5G base station components, will likely experience a corresponding impact as well With the imminent arrival of the traditional peak season for electronic products, ODMs may need to defer their whole-unit shipments due to potential delays in some MLCC shipments TrendForce indicates that some Japanese companies (MLCC suppliers Taiyo Yuden, crystal suppliers NDK and Epson, and electrolytic capacitor supplier Panasonic), as well as Taiwanese companies (R-Chip supplier Walsin Technology, etc) have had their Malaysia-based manufacturing operations and lead times disrupted as a result of the latest MCO 30 extension Notably, Taiyo Yuden was able to partially resume its Malaysian fab operations on June 14 and activate about 60% of its work force in accordance with domestic regulations, thereby gradually ramping up its domestic capacity utilization rate to 80% However, given the extension of MCO 30 through July, Taiyo Yuden will unlikely be able to raise its production capacity any further According to TrendForce’s latest findings, most MLCC suppliers currently carry a healthy level of about 60 days’ worth of low-end and mid-range MLCC inventory as of June, although Japanese suppliers are still carrying less than 30 days’ worth of high-end MLCC inventory In view of the persistent MCO 30 restrictions in Malaysia, MLCC suppliers with Japan-based manufacturing operations, such as Murata, Kyocera, and Samsung, are expected to benefit from client orders redirected from suppliers whose operations are primarily based in Malaysia Japanese suppliers are scrambling to ramp up capacity utilization rates in response to influx of orders from ODMs in 3Q21 With regards to various end products, Murata, Taiyo Yuden, and Kyocera, all of which are major suppliers of MLCC for iPhone and MacBook Pro, will see peak demand from 3Q21 to 4Q21 due to Apple’s upcoming release of new products in 3Q21 It should be pointed out that the MLCC used in Apple devices features specifications that are compatible with many notebooks, servers, and networking products from other manufacturers Given Taiyo Yuden’s inability to raise its capacity utilization rates in July, ODMs are expected to aggressively compete for this particular type of MLCC in 3Q21 On the other hand, demand for servers is expected to undergo a steady growth in 3Q21 Hence, not only are ODMs closely monitoring the supply of various ICs, but the extended restrictions in Malaysia has also hindered the supply of certain passive components, such as SP-Caps, Tan caps (tantalum capacitors), and high-end MLCC To mitigate potential risks of their ODM clients redirecting orders for the aforementioned components elsewhere, Murata and Kyocera have now been placing a top priority on expanding their production capacities to meet client demand Finally, the overall demand for other IT products such as Chromebooks will likely experience a slowdown in 4Q21 as increased vaccinations in Europe and the US lead to a gradual easing of border restrictions In addition, ODMs currently carry a relatively high level of low-end and mid-range MLCC inventory on average As a result, low-end MLCC suppliers, such as Yageo, Walsin, and Samsung, will likely face pressure from certain clients lowering their orders for low-end MLCC For more information on reports and market data from TrendForce’s Department of Semiconductor Research, please click here, or email Ms Latte Chung from the Sales Department at lattechung@trendforcecom For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insidertrendforcecom/

Press Releases
MCO 3.0 Lockdown in Malaysia, Hotspot for Packaging/Testing and Passive Component Manufacturing, Projected to Have No Effect on Semiconductor Companies, Says TrendForce

2021/06/02

Semiconductors

National governments in Southeast Asian countries, including Thailand, Vietnam, and Malaysia, have been instituting increasingly stringent pandemic control measures in response to the intensifying COVID-19 pandemic in these countries Remarkably, these countries are all hotspots in the electronic component supply chain, and Malaysia, home to many semiconductor packaging and testing facilities as well as passive component fabs, has now come under the international spotlight as a result In particular, Malaysia’s MCO 30 (Movement Control Order 30) lockdown, which was extended on June 1, specifically excludes the semiconductor industry, as this industry boasts relatively high market revenue As such, packaging and testing facilities are currently operating normally in Malaysia, according to TrendForce’s latest investigations On March 18, 2020, the Malaysian government first implemented similar pandemic control measures, under which only about 50% of private businesses were allowed to operate The semiconductor industry and medical services were notably excluded from the restrictions at the time, given the former’s high revenue and the latter’s critical importance during emergencies Despite the heightened lockdown of the MCO 30, under which only certain essential economic activities are allowed to function, some aspects of the MCO 30’s restrictions are relatively more lenient, as this policy specifies only 40% of private business employees must adopt WFH Incidentally, as previously mentioned, the MCO 30 does not apply to the semiconductor industry As manufacturing operations and lead times of passive components become constrained, end clients’ procurement activities remain uncertain in 2H21 On the other hand, TrendForce indicates that the passive component market, which is also a key industry in Malaysia, will likely face supply-side bottlenecks as a result of the MCO 30, affecting such suppliers as Taiyo Yuden, Walsin Technology, NDK, and Epson Under the latest restrictions, product lead times in the passive component supply chain, along with the state of the transportation industry (which determines shipping and delivery schedules of passive components), will become key determinants of whether client orders can be fulfilled on time In addition, brands in Europe and North America will begin adjust their orders for late-3Q21 in June and July Notebook brands including Dell and HP are not only expected to maintain their orders for 2H21, but also taking measures to ensure a steady supply of IC components, while Apple will begin procuring components for its upcoming iPhone 13 from the passive component supply chain in July Although these orders are expected to provide upward momentum for the passive component market in 2H21, the resurgence of the pandemic in Southeast Asia, as well as whether the shortage of semiconductor components will be alleviated going forward, will affect clients’ procurement activities for MLCC (multilayer ceramic capacitors) in 2H21 On the whole, although the packaging and testing operations of major IDMs (Intel, Infineon, and Texas Instruments) and OSAT operators (ASE, Amkor, TFME, and Hua Tian) in Malaysia remain unaffected for the time being, TrendForce believes that the MCO 30 will likely have an impact on the supply and demand of the global passive component market in 2H21 For more information on reports and market data from TrendForce’s Department of Semiconductor Research, please click here, or email Ms Latte Chung from the Sales Department at lattechung@trendforcecom For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insidertrendforcecom/

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