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keyword:TrendForce339 result(s)

Press Releases
Russian-Ukrainian War Heralds Rising Inflation, 2022 Smartphone Production to Drop to 1.366 Billion with Continuing Downside Risk, Says TrendForce 


Consumer Electronics

According to TrendForce research, due to lower-than-expected sales in 4Q21, the smartphone market in 1Q22 not only needed to adjust its accumulated inventory of finished products, but it was also affected by  sluggish seasonal demand, resulting in relatively weak 1Q22 production performance Coupled with the impact of recent events such as the Russian-Ukrainian war and lockdowns of Chinese cities, overall production performance in 1H22 will weaken, affecting total production in 2022 The original forecast of 138 billion units produced will be downgraded to 1366 billion units, with annual growth rate slipping to 25% Neither the COVID-19 pandemic nor the shortage of wafer production capacity has been significantly alleviated This coupled with serious issues involving geopolitics, inflation, and energy shortages this year will generate variables in the smartphone market for 2022 Therefore, further downward revision of total 2022 production volume cannot be ruled out There are two key observations regarding the impact of the war on the smartphone market First, brand sales have been suspended or have dropped sharply According to TrendForce statistics, mobile phone sales in Russia and Ukraine account for approximately 3-4% of global market share, 85% of which are in the Russian market, with Samsung, Xiaomi, and Apple as the top three Russian mobile phone brands Since Apple and Samsung announced the suspension of all exports to Russia, vacated market share will migrate to Chinese brands If the war can be brought under control before the end of April, estimated impact on the smartphone market in 2022 will be approximately 20 million units Second, the war has exacerbated global inflation, which is strongly affecting energy and food prices in particular and is rapidly spreading from Europe to the world This also implies that personal disposable income will shrink simultaneously, resulting in a prolonged replacement cycle in the smartphone market and phenomena such as falling budgets for stand-alone purchases Due to inflation’s broad and profound influence, it is not yet possible to determine the extent of its impact on the global smartphone market but there is indeed a high risk of downward revisions in the future It should be noted, in addition to the war, the pandemic will continue to affect smartphone market trends in 2022 China, the world's largest smartphone consumer market, is still adopting a dynamic zero-COVID policy Not only will this policy exacerbate manpower and material shortages in the intricate smartphone supply chain, pandemic prevention activities will also throw cold water on demand TrendForce believes, given China's short-term economic growth rate, the current forecast for China's smartphone market shipments will drop from approximately 325 million units last year to 300 million units, representing an annual decline of approximately 77%, and a possibility of a continued downturn 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
TrendForce Provides Data for Apple Conference


Consumer Electronics

On the eve of Apple's upcoming new product launch conference, global market research organization, TrendForce, provides the following reference data for your articles and reporting Reference data as follows: For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insidertrendforcecom/

Press Releases
Quarterly Smartphone Production for 4Q21 Undergoes Highest QoQ Growth for 2021 at 9.5% Primarily Owing to Contribution from Apple, Says TrendForce


Consumer Electronics

Global smartphone production came to 356 million units for 2021, showing a QoQ increase of 95%, according to TrendForce’s latest investigations The second half of last year saw demand injections related to the peak promotion season for e-commerce platforms and year-end holiday sales These factors thus bolstered smartphone production and resulted in 4Q21 seeing the highest QoQ growth rate for the year Apple’s new iPhones were the primary growth driver On the other hand, the performances of a few smartphone brands were constrained by the shortage of some key components Hence, the total smartphone production for 4Q21 was slightly lower compared with 4Q20 or even 4Q19 Apple took production leadership in 4Q21 with record high of 855 million units After unveiling the iPhone 13 series in September, Apple started aggressively ramping up the shipments of these new devices to meet market demand Owing to its fast-paced sales and marketing rhythms, Apple has been able to take first place in the quarterly ranking of smartphone brands by production market hare for many fourth quarters, and 4Q21 was no exception Besides maintaining its top position in the fourth-quarter brand ranking, Apple raised its quarterly iPhone production to a new record high of 855 million units, a 660% QoQ increase In the aspect of pricing strategy, the prices of the new iPhone 13 models were reasonable for consumers, while the price reductions for the older iPhone models were noticeable as well Moreover, the capturing of the market share left by Huawei can be considered as the main factor behind Apple’s stellar performance in 4Q21 Over time, the orders for Huawei’s flagship models (ie, the P and Mate series) have been gradually replaced by iPhone orders In terms of annual production, Apple reached 233 million units for 2021, up from almost 200 million units for 2020 The growth was mainly attributed to an expansion of Apple’s market share in China from 10% to 16% Samsung took second place in the global brand ranking for 4Q21 with 71 million units, a 29% QoQ increase In 2Q21, the spread of COVID-19 outbreaks in Vietnam affected smartphone production facilities in the country and lowered Samsung’s capacity utilization rate But apart from that quarter, Samsung’s performance remained stable for the other three quarters of last year For the ranking of smartphone brands by annual production, Samsung was still the leader for 2021 with 275 million units OPPO (including Realme and OnePlus) took third place in the ranking with a quarterly production of 48 million units, a 59% QoQ decrease, for 4Q21 Xiaomi (including Redmi, POCO, and Black Shark) took fourth place with a production of 455 million units, a 22% QoQ increase Fifth-ranked Vivo (including iQoo), on the other hand, reduced its smartphone production by 118% QoQ to 30 million units As these three Chinese brands’ target markets and product strategies show significant overlap, their control of key components that are currently in shortage will have a direct impact on their production volumes going forward It should also be pointed out that Honor, which was spun off from Huawei in early 2021 and underwent a period of corporate restructuring and component procurement in 1H21, experienced a meteoric rise in 2H21 Much like other Chinese brands, Honor adopts a sales strategy that primarily focuses on the Chinese market, meaning Honor’s smartphone business will continue to affect OPPO, Xiaomi, and Vivo, all of which place a top priority on domestic sales Annual smartphone production for 2022 will likely reach 1381 billion units despite potential decline Assuming that the global spread of the COVID-19 pandemic continues to slow, TrendForce expects annual smartphone production for 2022 to undergo a slight YoY increase of 36% to 1381 billion units Not only is smartphone demand expected to decline in China, which represents the largest consumer market in the world, but other markets will also exhibit only limited growth Hence, the leading growth drivers will come from both cyclical replacement demand and new demand from emerging markets Notably, in addition to factors such as foundry capacity allocation, global inflation, and energy shortage, whether an economic recovery will bring about positive change for the smartphone market will continue to influence the overall performance of the industry TrendForce therefore believes that the annual smartphone production for 2022 may still face potential downside risks Regardless, the recent war between Russia and Ukraine has generated a host of issues including exchange rates, inflation, and logistics problems that affect smartphone sales in Eastern Europe With regards to the market share of smartphone brands in Russia and Ukraine last year, the top three brands by sales included Samsung, Xiaomi, and Apple, with a combined 45 million units sold, accounting for 3% of the global total Preliminary assessments indicate that the ongoing war will not have a drastic effect on smartphone production for 2022, though TrendForce also does not rule out the possibility that the resultant global economic problems may affect overall smartphone demand 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
War Rages in Ukraine, Global Raw Nickel Prices for Power Batteries Likely to Rise, Says TrendForce 



The conflict between Russia and Ukraine has escalated in recent days In addition to the surge in natural gas and crude oil prices, the conflict may also impact the supply of non-ferrous metals including aluminum, nickel, and copper According to TrendForce, nickel is a key upstream raw material for the manufacture of electric vehicle power batteries and mainly used in the production of ternary cathode materials In 2021, global nickel mine production was approximately 27 million tons, originating primarily from Indonesia, the Philippines, and Russia Russian nickel production accounts for approximately 9% of the world's total (including low, medium, and high-grade nickel), ranking third globally At present, the market penetration rate of new energy vehicles is accelerating and ternary power batteries account for nearly half of power battery market share, which signals strengthening demand for upstream raw material nickel for automotive power batteries Although Russian nickel exports remain unaffected for the time being, if the situation on the ground between Russia and Ukraine continues to deteriorate, global nickel supply may be impacted in the short term, pushing up nickel prices, and further increase cost pressures on end product markets such as the electric vehicle industry TrendForce states that in the medium to long term, since the lion’s share of new nickel ore smelting and processing projects have been located in Indonesia in recent years and Indonesia's nickel ore production accounted for approximately 37% of the world's total production in 2021, Indonesia’s concentrated production of nickel is expected to improve supply and demand in 2H22 TrendForce also emphasizes, regarding the export ban on mines announced by Indonesia last year, this ban only prohibits the export of raw ore and does not prohibit Chinese companies such as Zhejian Huayou Cobalt, Tsingshan Holding Group, Lygend Resources, and GEM from investing in the processing end of nickel mines in Indonesia Therefore, smelting nickel ore and highly processed products are not affected by the export ban From the perspective of suppliers, among the top five nickel ore manufacturers in the world, Russian manufacturer Norilsk supplies approximately 9% of the world's raw nickel materials, or 90% of overall Russian production, and its high-grade nickel production accounts for 22% of the world's total (Note: according to nickel content, nickel materials can be divided into high-grade nickel, medium-grade nickel, and low-grade nickel with high-grade nickel referring to Ni content ≥ 10%), ranking first in the world China’s Jinchuan Group ranks second at 17%, followed by Switzerland's Glencore at 13%, and Brazil's Vale SA at 12% TrendForce believes, looking at the current conflict between Russia and Ukraine, if Europe and the United States impose sanctions on Russia, a change in the flow of Russian nickel may occur due to the high concentration of production and processing by Norilsk TrendForce states, at present, high-nickel-based ternary cathode materials (primarily referring to ternary materials with high nickel content such as NCM622, NCM811, and NCA) rely on the two advantages of higher energy density and less dependence on the precious metal cobalt as a raw material, its market share of ternary cathode materials has increased rapidly, 10% in 2019 to nearly 40% in 2021 The development of high nickel content means that consumption demand for nickel corresponding to each ton of ternary cathode materials has increased With the acceleration of the penetration rate of new energy vehicles in China, Europe, and the United States, the market demand for lithium power batteries is strong and overall nickel inventories continue to decline At present, the global refined nickel inventory is only 100,000 tons In the context of tight supply and increasing demand, inferring from the Chinese market where new energy vehicles accounted for 53% of the global market in 2021, the spot market price of electrolytic nickel in China reaching RMB130,000 to RMB150,000 per ton in 2021, and prices jumping in early 2022 to RMB160,000 to 170,000 per ton, the possibility of continued pricing spikes in the future cannot be ruled out For more information on reports and market data from TrendForce’s Department of Green Energy Research, please click here, or email Ms Grace Li from the Sales Department at graceli@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
TrendForce:Power Application Markets for 3rd Generation Semiconductor



1 Introduction to 3rd Generation Semiconductor Industry Definition of 3rd Generation Semiconductor Development Trends of Power Semiconductor Industry Chain for 3rd Generation Semiconductor Power Components Power Applications for 3rd Generation Semiconductor Chinese Investments in 3rd Generation Semiconductor 2 Industry Chain for SiC Power Components Landscape of Global SiC Industry Overview of SiC Supply Chain SiC Production Equipment – Crystal Growth SiC Production Equipment – Epi Wafers SiC Production Equipment – Chips SiC Production Equipment – Latest Progress of Chinese Companies Key Material for SiC Production – HighPurity Carbon Powder SiC Substrates – Overview SiC Substrates – Suppliers SiC Substrates – Competitive Landscape SiC Substrates – Wafer Size Gap Between Chinese and Foreign Suppliers SiC Substrates – Comparison of Products in Terms of Specifications SiC Substrates – Size and Price Trends SiC Substrates – Main Production Methods SiC Substrates – Production Lines in China SiC Substrates – China’s Production Capacity SiC Epi Wafers – Suppliers SiC Epi Wafers – Main Production Methods SiC Power Components – Overview SiC Power Components – Development History SiC Power Components – SBD SiC Power Components – MOSFET SiC Power Components – Full SiC Module SiC Power Components – Suppliers SiC Power Components – Competitive Landscape SiC Power Components – Patent Landscape SiC Power Components – Price Trends SiC Power Components – Market Scale SiC Power Components – Wafer Production Lines in China SiC Power Components – China’s Production Capacity Foundries 3 Industry Chain for GaN Power Components Landscape of Global GaN Industry Overview of GaN Supply Chain GaN Production Equipment – Epi Wafers Key Material for GaN Production – Gallium Metal Si Substrates – Overview GaN Epi Wafers – Overview GaN Epi Wafers – Competitive Landscape GaN Epi Wafers – Comparison of Suppliers’ Businesses and Products GaN Epi Wafers – Main Production Methods GaN Power Components – Overview GaN Power Components – Development History GaN Power Components – HEMT GaN Power Components – Suppliers GaN Power Components – Competitive Landscape GaN Power Components – Patent Landscape GaN Power Components – Price Trends GaN Power Components – Market Scale GaN Power Components – Wafer Production Lines in China GaN Power Components – China’s Production Capacity Foundries 4 Application Scenario Analysis on 3rd Gen Semiconductor NEV – Core Application Scenarios for 3rd Gen Semiconductor NEV – Supply Chain NEV – Main Inverter NEV – OnBoard Charger (OBC) NEV – DC/DC Converter NEV – LiDAR NEV – Automotive SiC in China NEV – Deployment from Chinese Auto Manufacturers NEV – Progress of Vehicle Adoption for SiC NEV – Progress of Vehicle Adoption for GaN NEV – Estimated Penetration Rate of SiC/GaN NEV – SiC Power Market Scale NEV – GaN Power Market Scale Consumer Electronics – Core Application Scenarios for GaN Consumer Electronics – Supply Chain Consumer Electronics – Development Tendency Consumer Electronics – Technology Roadmap Consumer Electronics – GaN Market Distribution Consumer Electronics – Competitive Pattern Consumer Electronics – Projections on GaN Penetration Rate Consumer Electronics – GaN Power Market Scale PV Energy Storage – Brief Introduction PV Energy Storage – Supply Chain PV Energy Storage – Projections on SiC Penetration Rate PV Energy Storage – SiC Power Market Scale 5 Analysis on Supply and Demand of 3rd Gen Semiconductor Power Market Main Supply Structure of SiC Substrates SiC Wafer – Market Scale SiC Wafer Demand – NEV SiC Wafer Demand – Charging Pile SiC Wafer Demand – PV Energy Storage NType SiC Substrate Capacity in China Summary to the Supply and Demand for SiC Wafers in China GaNonSi Wafer Demand – Consumer Electronics GaNonSi Wafer Demand – Data Centers GaNonSi Wafer Demand – NEV Capacity for GaNonSi Epitaxial Wafers in China Summary to the Supply and Demand for GaNonSi Wafers in China 6 Major Suppliers of 3rd Gen Semiconductor Industry Chain Wolfspeed Infineon STM Onsemi Rohm Navitas GaN Systems TankeBlue SICC Sanan Optoelectronics BYD Semiconductor Innoscience BASiC 7 Development Tendency and Recommended Strategies for 3rd Gen Semiconductor 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

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