Global Electronic Supply Chain Growth 2Q'15 vs. 2Q'14 (Preliminary)

Transcription

1 Chart 1 Global Electronic Supply Chain Growth 2Q'15 vs. 2Q'14 (Preliminary) Electronic Equipment Military Business & Office Instruments & Controls Medical Communication Internet Computer Data Storage Automotive Consumer SEMI Equip Semiconductors (SIA) Passive Components PCBs Component Distributors Large EMS (excl Foxconn) ODM Process Equipment Materials Rigid & Flex Laminate % Change US$ equivalent at fluctuating exchange; based upon industry composites including acquisitions 15

2 Chart 2 Asian Purchasing Managers Index 3/12 Rate of Change China Taiwan S Korea Japan 0 Growth 3/12 Rate of Change Markit Economics

3 Chart 3 Taiwan/China Electronic Equipment Producers Composite of 101 Manufacturers Consolidated Revenue 1200 NT$ Billions y 2015 up 4.3% compared to y 2014 but down sequentially 9.3% compared to June Taiwan listed companies, often with significant manufacturing in China

4 Chart 4 Taiwan ODM Companies Composite Sales of 11 Large Manufacturers NT$ (Billions) 1,200 1, y 2015 up 6.4% vs. y 2014 but down 7.8% sequentially from June Company Financial Releases Calendar Year Asustek Computer, Chei Mei, Compal Electronics, Foxconn, Chimei Innolux, Inventec, Inventec Appliance, Lite On Technology, Mitac International, Pegatron, Quanta Computer, Wistron, Chei Mei Display replacing Chei Mei & Innolux Display 3/10 & later

5 Chart Large ODM Companies Composite of 10 Public Manufacturers Quarterly Revenue Growth Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q Asustek Computer, Compal Electronics, Foxconn, Chimei Innolux, Inventec, Inventec Appliance, Lite On Technology, Mitac International, Pegatron, Quanta Computer, Wistron

6 Chart 6 Taiwan Rigid & Flex PCB Shipments Broad Composite of 46 Taiwan-listed Manufacturers 60 NT$ (Billions) up 4.8% vs Company Financial Releases Calendar Year

7 Chart 7 7,000 Taiwan Rigid Laminate/Prepreg Vendors Composite of 8 Large Manufacturers NT$ (Thousands) 6,000 5,000 4,000 3,000 2, up 6.3% vs , Calendar Year Company Financial Releases Elite Materials, Top Union Electronics, Taiwan Union Technology, Hwa Woei Laminate, Uniplus Electronics, Iteq, Taiwan Leader Advanced Technology, Shinemore Technology

8 Chart 8 Taiwan Display Producers Composite of 6 TFT-LCD Panel Manufacturers Millions NT$ Billions Taiwan listed companies, often with significant manufacturing in China

9 Chart 9 Millions NT$ Billions Taiwan Wafer Foundries Composite of 14 Manufacturers CY VIA Technologies, Advance Microelectronics, Advance Wireless Semiconductor, Episil Technologies, Inotera Memories, Macronix Intl, Mosel Vitelic, Powerchip Semi, Precision Silicon, ProMOS Tech, TSMC, United Microelectronics, Vanguard International Semi, Winbond Electronics

10 Chart 10 Millions Taiwan Package & Test Companies Composite of 20 Manufacturers NT$ Billions ASE, Ardentec, ChipMOS Tech, Chipbond Tech, E'dale Tech, Formosa, Advance Tech, Fupo Elec, Greatek Elec, International Semiconductor Tech, King Yuan Elec, Lingsen Precision, Orient Semiconductor, Powertech Tech, Signality System, Sigurg Microelectronics, SPIL, Thalin Semiconductor, Vate Tech, Walton Advanced Tech CY

11 Chart 11 Taiwan Memory Companies Composite of 8 Manufacturers NT$ Billions Millions Silicon Integrated Systems, Inotera Memories, Macronix Intl, Mosel Vitelic, NanYa Tech, Powerchip Semiconductor, ProMOS, Winbond Elec CY

12 Chart 12 Taiwan Solar/Photovoltaic Panel Companies Composite of 27 Manufacturers NT$ (Billions) Calendar Year Acter, Big Sun Energy Technology, Chen Full Intl, Danen Technology, Daxon Technology, DelSolar, Delta Electronics, e_ton Solar Tec, Invetec Group, Eversol, Gigasolar materials, Gintech, Green Energy Technology (GET), Higher Way Elec, Kenmec Mechanical, Ligitek, Motech, Neo Solar Power, Phoenixtec Power Co (PPC), Powermate, Precision Silicon, Sino-American Silicon Products (SAS), Solar Applied Materials Technology, Solartech Energy Corp, Sunrise Global Solar Energy, Sysgration, Tainenergy Tech, Tera Autotec, Tyntek, Wafer Works, Wholetech System Hitech

13 Chart 13 European Electronic Supply Chain Growth 2Q 15 vs 2Q Electronic Equipment Office equipment Instruments & Controls Medical electronics Domestic Electric Appliances Consumer Electronics Motor Vehcles Airplane/Aerospace Semiconductors (SIA in euros) Electronic components Electronic components & boards Loaded electronic boards Wiring devices % Change Euro denominated growth rates; Eurostat, SIA & Custer Consulting Group

14 Chart 14 European Computer, Electronic & Optical Products Production 120 Index (2010=100), Seasonally Adjusted Eurostat, C26 category, EU 27 countries

15 Europe- EU27 Manufacture of computer, electronic & optical products 12/12 & 3/12 Rate of Change Chart 15 Rate of Change /12 3/12 Zero Growth Eurostat

16 Chart 16 European Motor Vehicle Production 130 Index (2010=100), Seasonally Adjusted Eurostat, C291 category, EU 27 countries

17 Chart 17 European Production - Aircraft, Spacecraft & Related 130 Index (2010=100), Seasonally Adjusted Equipment Eurostat, C303 category, EU 27 countries

18 Chart 18 European Production - Instruments & Appliances for Measuring, Testing & Navigation 120 Index (2010=100), Seasonally Adjusted Eurostat, C2651 category, EU 27 countries

19 Chart 19 European Production - Irradiation, Electromedical & Electrotherapeutic Equipment Index, Seasonally Adjusted Eurostat, C266 category, EU 27 countries

20 Chart 20 European Loaded Electronic Board Production 150 Index (2010=100); Seasonally Adjusted Eurostat, C2612 Calendar Year

21 Chart European Electronic Components & Board Production Index (2010=100); Seasonally Adjusted Eurostat Calendar Year

22 Chart 22 European Electronic Wiring Devices 130 Index (2010=100); Seasonally Adjusted Eurostat Calendar Year

23 Chart 23 Europe PMI Leading Indicator vs. Europe Wiring Devices /12 Rate of Change Eurostat Wiring Devices PCB Leading Indicator Zero Growth Source: Custer Consulting Group Calendar Year

24 Chart 24 World s Top PCB Companies Rank Company Nationality Growth Brief Comments 1 Nippon Mektron* Japan 2,209 3, % A big Apple supplier 2 ZDT* Taiwan 2,106 2, % A big Apple supplier 3 Unimicron Taiwan 2,009 2, % Building PCB plants in Huangxi 4 SEMCO S. Korea 1,795 1, % Building plants in Vietnam 5 Young Poong Grp* S. Korea 2,100 1, % Interflex & YPE poor in Ibiden Japan 1,315 1, % Boosting growth from Malaysia 7 TTM Technologies USA 1,326 1, % Purchased Viasystems on 5/'15 8 Sumitomo Denko* Japan 1,121 1, % A big Apple supplier 9 Tripod Taiwan 1,337 1, % Pushing into automotive PCB 10 Viasystems USA 1,171 1, % Purchased by TTM 5/31/ Daeduck Group S. Korea 1,297 1, % Careful investment 12 Nanya PCB Taiwan 1,016 1, % IC substrates seem to grow 13 Compeq Taiwan 1,013 1, % Chongqing plant contributing 14 PSA PCB Group Taiwan % NB mortherboards reduced 15 KG PCB Group China % Elec& Eltek is the largest 16 AT&S Austria % CKG plant starts business soon 17 Meiko Japan % #3 automotive PCB maker 18 Kinsus Taiwan % Flip-Chip CSP strong 19 LG Innotek S. Korea % LGE & Qualcomm 20 T.P.T. Taiwan % NB motherboards increasing 21 Multek USA % Profitable since WUS Group Taiwan % Kunshan & Huangxi new plants 23 Chin Poon Taiwan % #1 automotive PCB maker 24 CMK Japan % #2 automotive PCB maker 25 Nitto Denko* Japan % FPC for HDD among others Dr Hayao Nakahara, N.T. Information Ltd 7/2015

25 Chart 25 World PCB Monthly Shipments Fluctuating Exchange Rates $ Billions N America Europe Japan Taiwan/China Rest of Asia Korea Source: Custer Consulting Group Calendar Year

26 Chart 26 World PCB Shipments (with forecast) Fluctuating Exchange Rates $ Billions Growth calculations: Europe = Eurostat Wiring Device Japan & N. America from JPCA & IPC data Taiwan/China:46 rigid & flex company composite Rest of Asia growth = Taiwan/China 44 company composite Includes S Korea data for % +0.4% % Actual Forecast Calendar Year Source: Custer Consulting Group base year expanded by monthly growth of N. American, European, Japanese & Taiwan/China monthly PCB shipments

27 Chart 27 Global Silicon Wafer vs. Semiconductor Shipments (excluding solar applications for wafers) Wafer MSI (Mil. Sq. Inches) 3,000 2,500 2,000 1,500 1,000 Wafers Semiconductors Semiconductors $B Thousands Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q Calendar Year and

28 Chart 28 World Personal & Entry-Level Storage Shipments Units (Millions) Thousands Others Buffalo Toshiba Seagate Western Digital Q1 Q2 Q3 Q4 Q1 Q IDC 8/15

29 Chart 29 World Personal & Entry-Level Storage Shipments 3.5% 21.5% 17.2% 31.8% Western Digital Seagate Toshiba Buffalo Others 26.0% TOTAL: 15.1 Million Units IDC 8/15

30 Chart 30 U.S. Industrial Production Index (2012=100) IP

31 Chart 31 Industrial Production World % Change vs. One Year Earlier Britain Czech Republic France Germany Italy Netherlands Russia Spain Euro Area Jun Jun Jun Jun Jun Jun Jun Jun Jun + Eurostat Canada USA China India Malaysia Vietnam Singapore S Korea Taiwan Thailand Japan y y Jun Jun y Jun Jun Jun Jun Jun