Core Viewpoint - Despite overall economic pressures, the OLED display panel market is experiencing strong growth, with a projected 132% year-on-year increase in shipments for 2024, leading to an upward revision of the 2023 shipment forecast from 2.8 million to 3.4 million units, representing a year-on-year growth adjustment from 40% to 69% [1]. Group 1: Market Dynamics - The overall panel market is facing some impact from tariff policies, but the OLED display panel segment remains relatively unaffected, driven by high acceptance among gaming players, prompting brands to expand their product lines [3]. - Samsung Display (SDC) and LG Display (LGD) continue to dominate the OLED display panel supply, with SDC shifting focus to OLED displays due to growth bottlenecks in OLED TV panels, aiming to maintain high utilization rates and profitability [5]. Group 2: Demand and Supply Outlook - LGD, initially constrained by losses in its LCD business, has revised its OLED display shipment target for 2023 from below 700,000 units to 800,000 units, with potential further adjustments to 1 million units due to strong customer demand and supply shortages [5]. - Gaming brands like ASUS and MSI are actively promoting OLED display products, with ASUS expected to exceed a demand of 500,000 units for OLED panels, significantly increasing demand for WOLED panels, which has influenced LGD's more aggressive stance on OLED displays [5].

Group 1 - The global wafer foundry industry experienced a seasonal revenue decline of approximately 5.4% in Q1 2025, totaling $36.4 billion, influenced by international market conditions and preemptive inventory stocking by clients [1][2] - TSMC remains the market leader with a revenue of $25.5 billion in Q1 2025, despite a 5.0% quarter-over-quarter decline, increasing its market share to 67.6% [2] - The top ten wafer foundries collectively generated $36.4 billion in revenue, accounting for 97% of the total market share [2] Group 2 - Global smartphone production reached 289 million units in Q1 2025, reflecting a 3% decrease compared to the same period in 2024, with stable production performance across brands [3][4] - Samsung led smartphone production with 64 million units, marking a 21% quarter-over-quarter increase, while Apple saw a significant 40% decline in production to 48 million units [5] Group 3 - The top ten fabless IC design companies reported a revenue increase of approximately 6% in Q1 2025, reaching $77.4 billion, driven by strong demand for AI-related products and preemptive inventory stocking [6][8] - NVIDIA led the fabless market with a revenue of $42.4 billion in Q1 2025, reflecting a 12% quarter-over-quarter growth and a 72% year-over-year increase [8]

June 12, 2025 产业洞察 根据TrendForce集邦咨询最新调查， 2025年第一季全球智能手机生产总数达2.89亿支，虽然较2024 年同期减少约3%，但各品牌生产表现相对平稳 。其中，中国第一季的销售得益于政策红利，带动销 量微幅成长。展望第二季生产表现，因国际形势的不确定性，市场需求受到抑制，各品牌的生产表现 预估持平第一季。 | Ranking | Brand | Production | QoQ | Market share | | --- | --- | --- | --- | --- | | 1 | Samsung | 64 | 21% | 22% | | 2 | Apple | 48 | -40% | 17% | | 3 | Xiaomi | 42 | -7% | 14% | | 4 | OPPO | 27 | -26% | 9% | | 5 | Vivo | 24 | -16% | 8% | | 6 | Transsion | 22 | -20% | 7% | 各主要品牌表现： 三星（ Samsung ） 苹果（ Apple ） Apple（苹果）随着新机铺货进入尾声，第一季生 ...

Core Insights - The semiconductor chip demand is expected to exceed previous seasonal lows due to early stocking of terminal electronic products and the construction of AI data centers, leading to a strong performance in the IC design industry [1] Group 1: AI Data Center Sector - NVIDIA's revenue for Q1 2025 reached $42.3 billion, a 12% quarter-over-quarter increase and a 72% year-over-year increase, maintaining its position as the top revenue earner despite anticipated losses in Q2 due to H20 development limitations [3] - AMD's revenue for Q1 2025 was approximately $7.44 billion, a 3% quarter-over-quarter decrease but a 36% year-over-year increase, with plans to ramp up production of the new MI350 platform in the second half of the year [3] - Broadcom achieved a record semiconductor revenue of $8.34 billion in Q1 2025, a 15% year-over-year increase, as it expands its AI network solutions [4] Group 2: Mobile Devices and Communication - Qualcomm's Q1 2025 revenue was nearly $9.47 billion, a 6% quarter-over-quarter decrease due to seasonal factors and increased competition from Apple's in-house chips, prompting a focus on AI mobile and automotive sectors for growth [4] - MediaTek ranked fifth globally in Q1 2025 with revenue of $4.66 billion, driven by demand for its Dimensity series chips in China [5] - Realtek's revenue increased by 31% quarter-over-quarter to over $1.06 billion, fueled by inventory increases from PC clients and rising demand for Wi-Fi 7 and automotive Ethernet [5] Group 3: Other Notable Performers - Chipone's revenue grew to over $820 million in Q1 2025, a 6% quarter-over-quarter increase, benefiting from consumer subsidy policies in China [5] - OmniVision's revenue decreased by 2% quarter-over-quarter to $730 million, but it made significant progress in image sensors and automotive electronics [5] - ChipSys's revenue reached nearly $640 million in Q1 2025, a record high, driven by strong demand for power controllers in AI data centers [5]

Core Viewpoint - The TSS Semiconductor Industry Forum highlighted the significant impact of AI on the global semiconductor market, emphasizing the need for strategic adjustments across various sectors within the industry [1][3]. Group 1: AI's Influence on Semiconductor Demand - The demand for high-performance computing chips driven by AI applications is expected to grow significantly, with advanced processes and packaging technologies being the primary growth drivers in the foundry sector, projected to grow by 19.1% in 2025 [6]. - Advanced process technology, particularly 2nm, will begin mass production in the second half of this year, while advanced packaging capacity is expected to expand with an annual growth rate of 76% [6]. - Despite global geopolitical pressures, the resilience of AI development is evident, with transformations in AI servers and models driving future industry growth [6]. Group 2: Opportunities and Challenges in IC Design - The global IC design market is projected to reach $647.3 billion in 2024, reflecting a year-on-year growth of 25.6%, largely fueled by strong AI demand [9]. - While AI applications are thriving, non-AI sectors are experiencing limited growth due to a sluggish global economy, leading to prolonged inventory adjustments, particularly in automotive and industrial semiconductor markets [9]. - Chinese semiconductor manufacturers are gaining ground in mature process technologies, breaking the previous monopolies held by leading firms [9]. Group 3: Storage Demand in the AI Era - AI's high requirements for flash memory performance, capacity, and energy efficiency are pushing manufacturers to invest heavily in R&D for advanced NAND Flash technologies [12]. - The intense competition in the flash memory market is pressuring manufacturers to reduce costs while meeting AI's high-performance demands [12]. - The explosive growth in AI demand may lead to short-term supply shortages and price increases, but potential market corrections could result in oversupply and price declines [12]. Group 4: Trends in the Robotics Industry - The AI wave is driving the continuous upgrade of smart terminal devices, with humanoid robots expected to become a key export in the next generation of computing, potentially reaching a global market value of $4 billion by 2028 [15]. - Chips are critical components in humanoid robots, responsible for data processing, AI inference, and motion control, which will determine their intelligence and application depth [15]. - The evolution of AI models and the increasing demand for edge computing will push humanoid robot chips towards higher efficiency, lower power consumption, and greater integration [15]. Group 5: HBM Market Dynamics - HBM, characterized by TSV and stacking technologies, is expected to see significant advancements in bandwidth and capacity due to process node upgrades [18]. - The HBM market is projected to see the HBM/e generation account for over 90% of shipments by 2025, with suppliers needing collaborative development capabilities to enhance their technological barriers [18]. - NVIDIA continues to dominate the HBM consumption market, and the balance between supply and demand remains crucial as HBM's share of overall memory capacity increases [18]. Group 6: AI Server Market Insights - The AI server market is evolving, with major cloud service providers expanding their in-house ASIC chip development capabilities [21]. - NVIDIA's recent introduction of the NVLink Fusion solution indicates its strategic move into the ASIC domain to enhance its technology ecosystem [21]. - TrendForce provides in-depth observations on the development opportunities in the AI market and the long-term trends for AI servers [21]. Group 7: Wide Bandgap Semiconductor Trends - SiC is establishing a leadership position in high-voltage applications, particularly in electric vehicles and industrial sectors, despite short-term pressures in the EV market [24]. - GaN is approaching large-scale application, transitioning from low to high-power applications, with significant potential in automotive and AI data centers [24]. - The shift towards 8-inch wafers is expected to dominate the GaN market, with 12-inch wafers anticipated to enter mass production within the next decade [24].

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June 9, 2025 产业洞察 根据TrendForce集邦咨询最新调查，2025年第一季，全球晶圆代工产业受国际形势变化影响而提前备 货，部分业者接获客户急单，加上中国延续2024年推出的旧换新补贴政策，抵消部分淡季冲击， 整 体产业营收季减约5.4%，收敛至364亿美元。 展望第二季营收表现，整体动能逐步放缓，唯中国旧换新的补贴政策拉货潮有望延续，加上下半年智 能手机新品上市前备货陆续启动，以及AI HPC需求稳定，将成为带动第二季产能利用率和出货的关 键，预期前十大晶圆代工厂营收将呈现季增。 | Ranking | Company | | Revenue | | | Market Share | | --- | --- | --- | --- | --- | --- | --- | | | | 1Q25 | 4Q24 | QoQ | 1Q25 | 4Q24 | | 1 | 台积电(TSMC) | 25,517 | 26,854 | -5.0% | 67.6% | 67.1% | | 2 | 三星(Samsung) | 2,893 | 3,260 | -11.3% | 7.7% | 8.1% | | ...

Group 1: DRAM Industry Overview - The DRAM industry revenue for Q1 2025 is reported at $27.01 billion, reflecting a quarter-over-quarter decrease of 5.5% due to falling contract prices for conventional DRAM and a contraction in HBM shipment volumes [1][2] - Major players in the DRAM market include SK Hynix, Samsung, and Micron, with SK Hynix leading with a market share of 36.0% despite a 7.1% revenue decline, while Samsung's revenue dropped by 19.1% to $9.1 billion, resulting in a market share decrease to 33.7% [2] Group 2: Price Trends and Forecasts - Anticipated price increases for Server and PC DDR4 modules in Q2 2025 are expected to be between 18-23% and 13-18% respectively, driven by reduced production from major suppliers and proactive inventory stocking by buyers [3][4] Group 3: OLED Technology and Market Growth - The demand for mid-sized displays is growing, with OLED technology expected to capture a larger market share due to its advantages such as self-emission and high contrast [4] - OLED display shipments are projected to increase by 80.6% year-over-year in 2025, with the overall market penetration expected to rise to 2%, potentially reaching 5% by 2028 [4]

Core Viewpoint - The panel prices for TVs, monitors, and laptops are expected to remain stable in June 2025, despite some pressures from inventory levels and demand fluctuations [2][4][5]. Group 1: TV Panel Market - TV panel demand has weakened, leading to increased inventory levels since the first quarter. Brands are negotiating for better prices and discounts for the upcoming promotional season [2]. - The expectation for June is that TV panel prices will remain flat, although there is a possibility of slight declines in certain sizes due to ongoing buyer pressure [2][4]. Group 2: Monitor Panel Market - Monitor panel prices have been supported by active procurement from brand customers, but this momentum is slowing as inventory levels rise. The demand for TV panels is also affecting monitor panel pricing [4]. - Most panel manufacturers are cautious about further price increases, anticipating that brand customers will resist ongoing price hikes. Therefore, monitor panel prices are expected to stabilize in June [4]. Group 3: Laptop Panel Market - The demand for laptop panels is currently stable, with brand customers becoming more optimistic about the third quarter compared to earlier in the year [5]. - Despite this optimism, panel manufacturers remain cautious about future demand fluctuations and are unlikely to propose price increases, opting instead for discreet discounts to maintain key customer relationships. Thus, laptop panel prices are also expected to remain stable in June [5].

Core Viewpoint - The article highlights the anticipated price increases for Server and PC DDR4 modules in the second quarter of 2025, driven by supply constraints and proactive inventory stocking by buyers, with expected increases of 18-23% for Server DDR4 and 13-18% for PC DDR4, surpassing previous forecasts [1][2][3]. Group 1: Price Trends - The price of Server DDR4 modules is projected to rise by 18-23% in Q2 2025 and 8-13% in Q3 2025 [2]. - PC DDR4 module prices are expected to increase by 13-18% in Q2 2025 and 18-23% in Q3 2025 [2]. - The adjustments in price forecasts are attributed to the strategic inventory stocking by cloud service providers (CSPs) and the tightening supply-demand dynamics in the market [3]. Group 2: Market Dynamics - The DDR4 generation has surpassed a 10-year lifecycle, with demand gradually shifting towards DDR5, HBM, and LPDDR5 products, leading major suppliers to plan the discontinuation of DDR4 production by early 2026 [2]. - The demand for storage servers, particularly in AI applications, has been robust, contributing to increased orders for DDR4 memory [3]. - The international situation in early April prompted PC OEMs to increase production volumes and expedite shipments to the U.S. market to mitigate uncertainties, further tightening the supply of PC DDR4 [3]. Group 3: Future Outlook - The future price trends for DDR4 contracts will be influenced by supplier production strategies and tariff policies, with potential for further price increases due to anticipated inventory demands [3]. - TrendForce will continue to monitor changes in supplier output strategies and downstream customer stocking behaviors [3].