TOP 25 OSATs ranking: survival of the fittest?

2018 Ranking - MEMS manufacturers powered by Yole Développement (Yole)

The leading giant of the OSATs , ASE Technology Holding Co., Ltd. (formerly ASE Inc.) and subsidiaries, has just got even bigger after the official acquisition of SPIL on April 30 2018. In 2018e, ASE Technology Holding Co., Ltd and subsidiaries made a new record-high revenue of US $12,308 billion, which is almost three times of Amkor’s second-in-place revenue, US$4,316 billion. Even if SPIL and USI revenues are separated from ASE Technology Holding Co., Ltd. and subsidiaries, the former ASE Inc. business revenue was US$5,250 million in 2018, which is still the highest amongst other OSATs leaders.

“On the other hand, if we only take into account the YoY growth of each company, the analysis will be very different”, explains Favier Shoo, Technology & Market Analyst at Yole Développement (Yole). “Within the Top 5 OSATs, ASE (without SPIL and USI), Amkor Technologies and JCET Group were all showing good growth between 2~3% YoY. SPIL grew strongly with a 5% YoY while PTI outperformed with an impressive growth of 15% YoY. This truly reflects the fierce rivalries amongst the OSAT leaders to strive for more business.”

Clearly, the 2018 top OSATs sky-high revenue was segmented from the rest of the pack. This gap in market share is mainly due to the legacy in business and consolidations by merger & acquisition that has taken place in recent years.

For the top 5 OSATs including ASE, Amkor, JCET Group, SPIL and PTI, Yole did not see any changes in the ranking of revenue from 2017 to 2018.

However, there were many changes in revenue ranking for the remaining players between 2017 and 2018 estimations. “This part of the annual ranking is more volatile than 2016e to 2017e,” comments Santosh Kumar, Principal Analyst & Director Packaging, Assembly & Substrates, Yole Korea. And he explains: “Tongfu Microelectronics, Chipbond Technology, SFA semicon, Inari Amertron Berhard, Sigurd Microelectronics and Hana Micron had achieved high YoY revenue growth and moved up the ladder. Meanwhile, Unisem Berhad, Walton Advanced Engineering, Tong Hsing and Nepes Corporation have dipped in position with negative YoY revenue growth. Ardentec has achieved a good 8% YoY but its rank has dropped by a level.”Full story

Source: http://www.yole.fr

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