According to the latest survey by Top Industry Research Institute, a subsidiary of TrendForce, the trend of easing Sino-US trade friction continued in the first quarter of 2020. Led by packaging demand for 5G, AI chips and mobile phones, the global packaging and testing output value continued to rise; The revenue of the top ten packaging and testing companies in the world in the first quarter was US$5.903 billion, an annual increase of 25.3%. However, due to the impact of the new crown pneumonia epidemic, the terminal demand has frozen sharply, which may lead to a recession in the packaging and testing industry in the second half of the year.
Topline Industry Research Institute pointed out that ASE, the leader in packaging and testing, had a revenue of US$1.355 billion in the first quarter, an increase of 21.4% year-on-year, and the main growth drivers were 5G mobile phone AiP (Antenna in Package) and packaging applications such as consumer electronics.
Second-ranked Amkor posted a 28.8% year-on-year increase in first-quarter revenue to $1.153 billion due to strong demand in 5G communications and consumer electronics. Sipin also benefited from the growth in demand for these two types of applications. The revenue in the first quarter was US$806 million, an annual increase of 34.4%, which was significantly higher than that of other companies. Although the ranking remained fourth, it has gradually narrowed the gap with Jiangsu Changdian. gap.
The first-quarter revenue performance of the three major packaging and testing companies in mainland China, Jiangsu Changdian, Tongfu Microelectronics, and Tianshui Huatian, was mainly due to the stabilization of Sino-US relations, which gradually drove the overall revenue growth. However, Tianshui Huatian is the only manufacturer in the top ten that has experienced a revenue decline. The Top 10 Industry Research Institute believes that it may be due to the outbreak of the epidemic, in order to undertake the government’s epidemic prevention-related packaging needs such as infrared sensor components, thus crowding out the original consumption. Production progress for applications such as electronics.
A major memory packaging and testing company, Licheng, under the bet of orders from major manufacturers such as Kingston, Micron and Intel, recorded an annual revenue growth of 33.1% in the first quarter. KYEC, a major testing company, performed the most in the first quarter. Due to strong orders for 5G mobile phones, base station chips, CIS and server chips, its revenue increased by 35.9% compared with the same period last year.
It is worth mentioning that Nanmao, a large panel driver IC and memory packaging and testing manufacturer, has grown from the 1st in 2019 with the rising demand for memory, large panel driver ICs (LDDI) and touch panel sensor chips (TDDI). Eleven moved up to ninth.
On the whole, the Sino-US trade friction began to ease in the third quarter of last year, and there is a positive focus on the global packaging and testing industry in the first quarter of 2020. The revenue of the top ten manufacturers has generally maintained growth, which is not weak in the off-season. However, the new crown pneumonia epidemic has caused a sharp drop in terminal demand. The impact on the global packaging and testing industry will begin to ferment in the second quarter. In addition, the Sino-US relationship has recently become tense again. The Tuoji Industrial Research Institute expects that starting in the second half of 2020, the overall closure The testing industry may face severe challenges in the market.