According to data from the International Institute of Obstetrics and Obstetrics of ITRI, the global PCB output value is expected to be US$73.9 billion in 2023, a decline of 15.6%, as the overall global consumer demand has not yet fully recovered. From a geographical point of view:

● Chinese mainland's PCB output value in 2023 is better than the global average with a decline of 9%, due to the low proportion of carrier boards and the growth of automotive applications.

● In South Korea, which has a high proportion of carrier boards, the superimposed industry is concentrated in consumer electronic memory applications, and its PCB output value has declined by more than 20%.

● The decline in Japan's PCB output value is between China and South Korea, due to the relatively balanced product composition and the support of automotive applications.

● The decline in PCB output value in Taiwan is also between China and South Korea.

Looking forward to 2024, due to the low base in 2023, the overall electronics industry will feel higher growth momentum in 2024, and the PCB industry is also expected to usher in the next growth cycle due to inventory replenishment.

According to the International Institute of Obstetrics and Obstetrics of ITRI, the global circuit board output value is expected to rise to US$78.2 billion in 2024, an increase of 6.3% over 2023, returning to the positive growth range. When the growth momentum of the overall consumer market gradually approaches the global economic performance, the growth rate of global PCB output value will also return to the long-term average of 4% to 5%.

As for the end market that drives the growth of PCB output value, the Institute of Obstetrics and Obstetrics of ITRI (ISTI) believes that such as the development of advanced packaging expanding the demand for carrier boards, autonomous driving continues to drive the price increase of automotive PCBs, and AI applications will increase the temperature of hard boards, etc., these will be products that will have a significant impact on the global PCB output value.

It is worth mentioning that the 2023 annual performance forecasts and performance reports recently disclosed by a number of PCB listed companies show that the automotive and server fields have become the fastest growing part of the PCB application field, and the performance of related manufacturers has grown rapidly.

According to its 2023 annual performance report, the company achieved operating income of 3.188 billion yuan last year, a year-on-year increase of 4.25%; the net profit attributable to shareholders of listed companies was 357 million yuan, a year-on-year increase of 33.03%. It is reported that during the reporting period, the company continued to focus on the two core businesses of automotive electronics and new energy, actively expanded domestic and foreign markets, and drove operating income to achieve year-on-year growth.

Shiyun Circuit's current business is the automotive PCB sector, foreign customers include Tesla, BMW, Volkswagen, Porsche, and new forces such as the Great Wall in China. The company said: "PCB products are mainly used in energy control, powertrain, body control, infotainment, lights, sensing, etc., and the advantageous market is overseas, and has now established a firm position in the mid-range market and gradually developed to the high-end market." ”

Suntak Technology disclosed that the company's orders in the server industry from January to September 2023 increased by 47.5% year-on-year, with a rapid growth rate. Its products are mainly used in supercomputers, server motherboards, storage devices, GPUs and other products.

In the field of high-end data center switches, products applied to Pre800G (based on 56Gbps speed, 25.6T chip) have been mass-produced, and products applied to 800G (based on 112Gbps speed, 51.2T chip) have been delivered in small batches.