6月，大联大增长，文晔下滑！

Core Viewpoint - The article analyzes the recent revenue performance of the top two global chip distributors, WPG Holdings and Axiomtek, highlighting their contrasting trends in June and the overall performance in 2025 [3][4]. Group 1: Revenue Performance - WPG Holdings reported a revenue of NT$630.88 billion in June, a decrease of 19% month-over-month and 17% year-over-year, marking a 16-month low [3][12]. - Axiomtek's June revenue was NT$832.1 billion, showing a month-over-month increase of 10.3% and a year-over-year increase of 14.9% [3][6]. - In Q2, Axiomtek's consolidated revenue reached NT$2,504.5 billion, a year-over-year increase of 20.4%, while WPG's Q2 revenue was approximately NT$2,595 billion, with a year-over-year increase of 6.51% [7][13]. Group 2: Monthly Revenue Trends - Axiomtek's monthly revenue growth was significant in February and March, with March achieving a 51.25% year-over-year increase, but the growth rate has since narrowed [9][10]. - WPG's revenue showed a consistent increase from January to April, with April's revenue growth peaking at 33.16%, but began to decline in May and June [15][16]. Group 3: Market Factors - Axiomtek attributed its June revenue growth to the rapid development of generative AI, which increased demand for traditional and AI server components, as well as preemptive stockpiling by clients due to U.S. tariffs [11]. - WPG indicated that its revenue decline in June was due to changes in the shipping schedule of high-revenue products rather than a decrease in demand [16]. Group 4: Future Outlook - WPG expressed optimism for Q3, anticipating improved performance due to the end of semiconductor inventory adjustments in the U.S. and continued growth in AI applications [16]. - Axiomtek's performance in Q1 and Q2 has led to a shift in the ranking of chip distributors, with Axiomtek briefly surpassing WPG in Q1 before WPG regained its position in Q2 [18][20]. Group 5: Industry Trends - Gartner's latest forecast predicts that the overall semiconductor market will reach USD 758.7 billion in 2025, with a year-over-year growth of 15.7%, indicating a recovery in the semiconductor industry [24].