Core Viewpoint - The article discusses the recent price trends and market dynamics in the photovoltaic (PV) industry, highlighting a downward pressure on prices across various segments including silicon materials, wafers, cells, and modules due to reduced demand and increased inventory levels [4][5][6][8][10][15][19]. Silicon Material Prices - The mainstream transaction prices for N-type silicon materials are reported as follows: N-type recycled material at 39 RMB/KG, N-type dense material at 37 RMB/KG, and N-type granular silicon at 35.5 RMB/KG [4][8]. - The trading volume for silicon materials remains low, with many manufacturers reluctant to accept prices below production costs [5]. - Silicon material output in May is estimated to be between 45.0-45.5 GW, with a rising inventory level leading to weakened production intentions among manufacturers [6][8]. Wafer Prices - The mainstream transaction prices for N-type wafers are: N-type M10 at 1.02 RMB/piece, N-type G12 at 1.32 RMB/piece, and N-type G12R at 1.15 RMB/piece [10]. - Wafer production is projected to be between 56-57 GW, reflecting a month-on-month decrease of approximately 9.0%, with manufacturers adopting a cautious approach due to reduced end-user demand [10][11]. Cell Prices - The mainstream transaction prices for N-type cells are: M10 at 0.265 RMB/W, G12 at 0.280 RMB/W, and G12R at 0.265 RMB/W [14]. - Monthly production is estimated at 60-61 GW, down about 7.0% from the previous month, with some manufacturers reducing output in response to declining demand [15][16]. Module Prices - The mainstream transaction prices for modules are: 182mm single-sided PERC at 0.69 RMB/W, 210mm single-sided PERC at 0.70 RMB/W, and 182mm double-sided TOPCon at 0.72 RMB/W [18]. - Module production is expected to be between 60-61 GW, down approximately 10.4% month-on-month, with low order continuity affecting the market [19][20].

Core Viewpoint - The OLED monitor market is experiencing rapid growth, with significant increases in shipment volumes expected through 2025, driven by new product launches and market demand [1]. Group 1: Market Overview - OLED monitor shipments are projected to reach approximately 507,000 units in Q1 2025, representing a year-on-year increase of 175% [1]. - By the end of 2025, total shipments are expected to hit 2.58 million units, with an annual growth rate of 81%, and overall penetration in the display market will rise to 2% [1]. Group 2: Brand Performance - Samsung leads the OLED monitor market with over 22% market share in Q1 2025, with its 49-inch product accounting for 40% of its shipments [2]. - ASUS has climbed to the second position in market share, closely trailing Samsung by less than one percentage point, and achieved the highest monthly shipment volume in February and March [3]. - MSI holds the third position with a 14% market share, benefiting from a 63% year-on-year growth in overall monitor shipments and a staggering 36-fold increase in OLED shipments [4]. - LG Electronics (LGE) ranks fourth with a 13% market share, but is expected to fall behind due to a lack of strong product offerings in the 27-inch UHD segment [5]. - Dell is currently in fifth place with an 11% market share, anticipating an increase in its ranking due to new product launches aimed at the business market [6].

Core Insights - The MLCC supply-demand rhythm is disrupted in the first half of 2025, with increased risks of a "weak peak season" in the second half due to rising caution and wait-and-see attitudes among companies and end markets [1] - OEMs and ODMs have moved North American Chromebook and some consumer laptop orders to the first quarter, leading to unexpectedly weak stocking momentum for the traditional education laptop peak season starting in April [1] - The average forecast order volume for Dell and HP education laptops from MLCC suppliers is expected to decrease by 20% to 25% in the second quarter [1] Group 1: Market Demand and Supply Challenges - The decline in end-market demand and soaring sales costs present two major challenges for MLCC suppliers, including the risk of OEMs reducing orders and potential price reductions [2] - The Japanese yen has become a favored safe-haven currency, appreciating from 150 to 141 yen against the dollar since April, impacting MLCC pricing [2] - Current pricing for mid-capacity and automotive-grade MLCC products is below the levels seen in Q4 2019, indicating a significant market shift [2] Group 2: AI Server Segment - The order and material preparation momentum for AI servers remains robust, with ODMs in Mexico benefiting from the USMCA agreement, allowing for normal shipments [1] - However, future international situation changes could still pose risks to this segment [1] - High-end standard products commonly used in AI servers have seen significant profit declines due to competitive bidding in 2024, leading to low visibility in end-order demand [2]

Core Viewpoint - The panel prices are expected to remain stable for TV panels, while monitor panel prices are anticipated to continue rising, and laptop panel prices are expected to stay flat [1][6][8]. Group 1: TV Panel Prices - The average price for a 65-inch TV panel is projected to be $177, with a minimum price of $173 and a maximum of $182 [4]. - The average price for a 55-inch TV panel is expected to be $127, with a minimum of $122 and a maximum of $130 [4]. - The average price for a 43-inch TV panel is estimated at $66, with a minimum of $64 and a maximum of $67 [4]. - The demand for TV panels is gradually weakening, leading some brands to request price concessions from manufacturers [6]. - Manufacturers are implementing production cuts, with an estimated average utilization rate adjustment of about 6-7% in May compared to April, aiming to alleviate downward price pressure [6]. Group 2: Monitor Panel Prices - The average price for a 27-inch IPS monitor panel is $63, reflecting an increase of $0.1 or 0.2% from the previous month [7]. - The average price for a 23.8-inch IPS monitor panel is $49.9, showing an increase of $0.2 or 0.4% from the previous month [7]. - The demand for monitor panels remains strong due to tariff issues, which supports the upward price trend [7]. - However, the weakening demand for TV panels may impact the price increase momentum for monitor panels [7]. Group 3: Laptop Panel Prices - The average price for a 17.3-inch TN laptop panel remains stable at $38.3, with a minimum of $37.7 and a maximum of $39.8 [8]. - The average price for a 15.6-inch Value IPS laptop panel is expected to be $40.3, unchanged from the previous month [8]. - The average price for a 14.0-inch TN laptop panel is stable at $26.9, with a minimum of $26.4 and a maximum of $28.1 [8]. - Despite ongoing tariff discussions, the demand for laptop panels has not surged significantly, maintaining a normal pace [9]. - Manufacturers are adopting flexible pricing strategies to secure customer orders and market share, leading to a stable price outlook for laptop panels in May [9].

周价格表 | 多昌硅 (Per KG) | 高点 | 低点 | 均价 | 涨跌幅 | | --- | --- | --- | --- | --- | | N型复投料(RMB) | 43.000 | 37.000 | 39.500 | -1.25% | | N型致密料(RMB) | 40.000 | 36.000 | 37.500 | -1.32% | | N型颗粒硅(RMB) | 37.000 | 35.000 | 36.000 | -2.70% | | 非中国区多昌硅(USD) | 22.000 | 13.100 | 18.500 | 0.00% | | 硅片 (Per pc) | 高点 | 低点 | 均价 | 涨跌幅 | | N型183单晶硅片-183mm/130µm (RMB) | 1.100 | 1.000 | 1.050 | -4.55% | | N型210单晶硅片-210mm/130µm (RMB) | 1.400 | 1.350 | 1.400 | -3.45% | | N型210R单晶硅片-210*182mm/130μm (RMB) | 1.200 | 1.100 | 1.150 | -11. ...

TSS 2025 2025年 6月10日（周二） ，Tr endFor c e集邦咨询将在深圳举办" 2025集邦咨询半导体产业高层论坛 （Tr endFor c e Semi conduc tor Semina r 2025）"。 本次将特别邀请Tr endFor c e集邦咨询资深分析师团队等重要嘉宾发表主题演讲，全方位探讨半导体产 业现状与未来，并为业界高层提供前瞻性战略规划思考与现场深度交流平台。本次会议为主要面向产 业链高层的精品会议，行业精英云集，全程干货分享交流，敬请期待！ 会议亮点 TSS2025 6+ 场嘉宾干货分享 Tr endFor c e集邦咨询资深专业分析师团队全方位探讨半导体产业现状与未来，全程干货满满! 25+年行业研究积累 AI关联领域趋势解析 深度剖析人工智能AI浪潮下，IC设计、制造、封测等半导体上下游产业链关键环节市场趋势与技术走 向。 分析师1v1交流（提前预约） 根据业务需求，与行业资深分析师进行1v1深入交流，获取针对性的解决方案和战略建议。(请联系工 作人员提前预约） 25年半导体产业沉淀积累，专注于存储市场及半导体全产业链市场研究，覆盖存储相关市场及上游晶 圆代 ...

Apr. 30, 2025 产业洞察 根据Tr e n dFo r c e集邦咨询最新调查，受美国对等关税政策影响，电视品牌业者2 0 2 5年下半年可能间 接转嫁上涨的成本至零售价，从而抑制消费动能。此外，2 0 2 4年下半年中国市场的以旧换新政策提 前释放部分需求， 预估2 0 2 5年全球电视出货量将年减0 . 7%，仅剩1亿9 , 6 4 4万台。 品牌提前备货，1Q25电视出货量年增6.1% 观察三星电子、LG电子、TCL、海信等四大电视品牌出货动态，因应对美国计划提高商品进口关 税，且最初拟针对墨西哥提高至2 5%，品牌业者于2 0 2 4年底开始提高北美地区出货量， 进入2 0 2 5年 第一季淡季力道仍然强劲，出货量达4 , 5 5 9万台，年增6 . 1% ，四大品牌在美国渠道商的库存水位也 较平均增加三至四周。 关税带动1H25出货，下半年旺季面临不确定性 2 0 2 5年4月初美国宣布对等关税，但在墨西哥生产且符合美墨加协定(USMCA)的商品持续享有关税 豁免，这让在墨西哥有工厂的电视厂商如释重负。4月9日美国宣布暂缓实施对等关税9 0天，全球第 二大电视产地越南面临的税率从4 6% ...

Apr. 28, 2025 产业洞察 2 0 2 5年上半年受多方面因素影响，品牌厂商在面板方面的操作策略间接牵动面板驱动IC（Dri v e r IC）的价格走势。 根据Tr e n dFo r c e集邦咨询最新调查，第一季面板驱动 IC 平均价格季减约 1%至 3%，第二季仍有小幅下滑的趋势，但变动幅度有限，显示出近年价格持续下跌的趋势出现缓和。 从需求面分析价格跌势趋缓原因： 其一，由于品牌厂和面板厂调整备货节奏，库存逐渐恢复到健康 水位；其二，中国市场去年开始实施的政策调整刺激需求回升，推动驱动IC出货表现逐季成长。 从供应面来看，因为成熟制程的晶圆代工价格相对稳定，成本面未再出现剧烈波动，有助整体报价 保持平稳。 Tr e n dFo r c e集邦咨询表示，近期市场仍存在变数，首先是原材料金价持续飙升，近日一度突破每盎 司3 , 3 0 0美元，创下新高。由于面板驱动IC封装需使用金凸块（g o l d b ump），金价调涨将增加厂 商材料成本，尽管目前售价未因此调整，但若金价持续走高，业者很有可能会将相关压力反映在报 价上。 地缘因素是另一项潜在风险，美国的对等关税虽然尚未直接针对面板或IC ...

周价格表 更新日期: 2025/4/23 | 多晶硅 (Per KG) | 高点 | 低点 | 均价 | 涨跌幅 | | --- | --- | --- | --- | --- | | N型复投料(RMB) | 44.000 | 38.000 | 40.000 | -2.44% | | N型致密料(RMB) | 41.000 | 36.000 | 38.000 | -5.00% | | N型颗粒硅(RMB) | 38.000 | 36.000 | 37.000 | -2.63% | | 非中国区多昌娃(USD) | 22.000 | 13.100 | 18.500 | -1.07% | | 硅片 (Per pc) | 高点 | 低点 | 均价 | 涨跌幅 | | N型183单晶硅片-183mm/130pm (RMB) | 1.150 | 1.080 | 1.100 | -10.57% | | N型210单晶硅片-210mm/130pm (RMB) | 1.500 | 1.400 | 1.450 | -3.33% | | N型210R单晶硅片-210*182mm/130µm (RMB) | 1.350 | 1. ...

TSS 2025 在全球科技竞争白热化与AI算力革命交织的当下，半导体产业正加速重构，晶圆代工、先进 封装、IC设计、存储器以及第三代半导体等关键领域的发展，受到前所未有的关注。 De e pSe e k等AI大模型点燃高性能芯片需求， 晶圆代工厂商2nm、1nm先进制程竞争愈演愈烈， 成熟制程领域，产能利用率因消费电子市场需求低迷而呈现波动。晶圆代工产业竞争从产能扩 张转向生态链整合，区域集聚效应凸显。 AI浪潮下， 先进封装蓄势待发，Ch i p l e t、3D堆叠技术逐渐成为主流。 厂商加速布局，异构集 成能力成竞争核心。然而产能、成本、产业化协同发展瓶颈也开始凸显，亟待破局。 IC 设 计 公 司 同 样 在 全 面 拥 抱 AI ， 从 云 端 训 练 芯 片 到 边 缘 推 理 终 端 ， 架 构 创 新 层 出 不 穷 。 与 此 同 时，封装、代工与设计环节的协同发展趋势日益明显，以持续探索芯片架构与性能的极限。 AI与数据中心爆发驱动HBM、DDR5等高性能产品需求激增，企业级SSD市场随数字化转型持续 扩容； 智能汽车、人形机器人等新兴领域催生差异化存储方案需求。不过，在国际形势与消 费 ...