Views: 5 Author: Site Editor Publish Time: 2023-08-07 Origin: Site
1. PCB's first half of the year was bleak, and the industry was hoping for a rebound in 2H23 demand and a defensive attack
The Taiwan Circuit Board Association (TPCA) reviewed the first half of 2023 and pointed out that the total domestic and international output value in the first quarter was NT $181.8 billion, a decline of approximately 15.4% compared to the same period in 2022. Supply chain industry experts point out that in 2022, most manufacturers enjoyed the pandemic and semiconductor dividends, resulting in a higher base period. In 2023, under the impact of multiple factors such as global economic correction, high inventory, and weak terminal demand, the company's revenue showed an annual decline, with many companies aiming to "maintain the same level as the entire year of 2022". Looking ahead to the second half of 2023, the carrier companies Sanxiong Xinxing, Nandian, and Jingshuo are about to welcome the traditional peak season. Coupled with the benefits of new platforms for AMD and Intel servers, as well as AI and HPC driving demand for high-order and large-sized carriers, it is estimated that Taiwan's carrier industry is expected to experience a bottom in operation in the second quarter and recover quarter by quarter in the second half of the year.
2. The output value of automotive PCB is expected to rise against the trend, reaching 14.5 billion US dollars by 2026
Jibang Consulting released a report stating that the automotive PCB market will grow against the trend, mainly benefiting from the continuous increase in global electric vehicle penetration rate and automotive electronics. The estimated annual output value in 2023 will increase by 14%, reaching 10.5 billion US dollars, accounting for 13% of the overall PCB output value from 11% last year. It is expected that from 2022 to 2026, automotive PCBs will maintain a CAGR of 12%, and by 2026, the output value of automotive PCBs is expected to grow to $14.5 billion, accounting for 15% of the overall PCB output value.
3. AI servers create a new blue ocean for Taiwan based PCBs, TPCA: High level supply chains should strengthen autonomy
TPCA stated that although server PCBs currently account for a small proportion of the output value of Taiwanese PCB factories, they will be the growth highlight of Taiwan's PCB industry in 2023 in the current sluggish consumer market. It is estimated that ABF carrier boards and high multilayer boards (HLCs) will benefit the most. In 2022, the manufacturing output value of Taiwanese PCB factories was NT $924.6 billion, with server PCBs accounting for 6.8%, approximately 62.8 billion yuan. Among them, multi-layer boards were the bulk, accounting for about 56%, followed by carrier boards accounting for about 33%, and HDI boards accounting for about 11%.
AI servers belong to advanced and high-value PCB terminal applications, and the process technology threshold is relatively high. Therefore, there are fewer manufacturers capable of producing them. In addition, the high unit price of products makes many businesses see them as a new blue ocean in the Taiwanese PCB industry, and they are optimistic about this wave of AI craze.