The industry said that the leading resistors Guojiu's harvest rate in February was less than 40%, and the orders spilled out to related resistor factories such as Wangquan, and other manufacturers also raised prices to a certain extent.
According to Taiwan media reports, affected by the price increase of Guoju Electronics, passive components such as resistors have set off a wave of price increases. Wangquan, a subsidiary of Taiwan's Qilixin, notified the channel merchants and EMS customers to increase the price increase last week, and adjusted the increase by more than 60%, which is the largest single increase in price increases in previous prices. The possibility of further increase is not ruled out in the future.
Since the beginning of the year, passive components such as MLCC, chip resistors, etc. have planned to increase the price of many times. Previously, the price increase was mainly dominated by the leading Guoju Electronics, and has now expanded to other participants in the industry, and the price increase effect has been formed.
passive components are crucial to modern technology
passive components are mainly used in circuits, controlling functions such as signal transmission, gain signal size, etc., and are indispensable for high-tech industries such as chips, communications, and panels.
Capacitors, inductors and resistors are the three most important passive electronic components, accounting for 90% of the entire market. Their single cost and price are very low. Ordinary resistors may only cost a few cents or cents, but the amount of these three passive components in electronic products is extremely large, and hundreds of resistors are often on motherboards and graphics cards PCBs. The market size of
passive components has grown rapidly, reaching US$24.24 billion in 2016 and is expected to reach US$32.89 billion in 2021, with a compound growth rate of 6.29% . With the gradual implementation of various avant-garde functions such as 5G, VR, and AI, the market space of passive components will increase by multiple orders in the future.
Compared with MLCC, the resistance standardization degree is relatively high and the entry threshold is relatively low. However, the market share of resistors is highly concentrated in Taiwan. In addition, Japanese companies have a fading attitude on large-sized resistors that are not used for automotive use. Korean manufacturers do not produce resistors. Therefore, resistors are passive components that rely more on Taiwanese manufacturers than capacitors, and Taiwanese manufacturers have absolute voice. In terms of production capacity, Guoju is the leader in passive components in Taiwan and the world's chip resistor. His monthly production capacity has reached 90 billion pieces, with a global share of up to 34%, far ahead of the second largest manufacturer KOA 9% . The total production capacity of the world's second largest manufacturer to the fifth largest manufacturer is less than that of one Guoju.
The price of passive components has risen continuously recently
The price increase of passive components has gone through two major stages. Before the holiday, prices stopped falling and stabilized, and demand rose; after the holiday, it was mainly due to the impact of the epidemic, and the supply caused by poor traffic and low operating rates, and prices soared by downstream customers.
Since the second half of last year, passive components have jumped from the bottom and prices have risen all the way. At the end of November last year, passive component manufacturer Dayi Technology took the lead in saying that it had completed price increase for its resistor products. Hou Guoju made a fancy price increase by closing the trading system. Samsung Electric raised the MLCC price for distributors in December last year, and locked it on commonly used material numbers such as 104 and 105, with an increase of about 5-10%.
After the holiday, the epidemic has caused it to be difficult for factory manufacturers to start construction, downstream customers have seriously insufficient inventory, and demand for replenishment has soared. Due to the estimated insufficient start-up situation of , Guoju Electronics has raised the expected increase in product prices several times in succession, with the latest increase between 70-80% .
Industry said that the resistor leader Guojiu's growth rate in February was less than 40%, and the inventory of MLCC and chip resistors was less than 30 days. In addition, among the increase in EMS customers, a large number of specifications increased by more than 100%, and orders spilled over to related resistor factories such as Wangquan. According to other manufacturers, Huaxinke raised 10% for channel merchants, and Wangquan raised the price of the entire series of resistors last week for direct sales and distribution customers in Greater China, which reached more than 60%. There is a possibility of further increase in the future.
Tianfeng Securities believes that the epidemic has expanded the supply and demand gap in the industry, strengthened the logic of price increase, and closely monitored the progress of the supply chain of Japan and South Korea. In addition, the demand for the 5G/IOT/electric vehicle supply chain will increase in the future, pushing the prosperity of passive components.
Related information of listed companies
Fenghua Hi-Tech is the domestic leader in passive components. Its products include MLCC, chip resistor , chip inductor, ceramic filter and other passive components. It is one of the major chip resistor manufacturers in China.
shunluo Electronics is engaged in the manufacturing of chip inductors and chip varistors, and is one of the few Chinese companies that are competitive in the international high-end chip electronic components market.
Jiemei Technology is the leader in the domestic thin-shaped carrier tape industry. Its products mainly include paper tape carrier tape, plastic carrier tape, tape, release film, etc. Customers include Samsung , Guoju, etc.
Zhenhua Technology was born in the third-tier military electronics base and is an all-round leader in the field of military electronic components. Its main business includes high-tech electronic sectors mainly including chip resistors, capacitors, inductors, semiconductor diodes, integrated circuits, etc. The main business of optical in
includes the research and development, design, production and sales of photoelectric products such as precision optical element components, optical auxiliary materials, photoresistors, etc.
Torch Electronics is a leading domestic MLCC supplier, a leading military MLCC, and many new products such as tantalum capacitors and SLC will form new performance growth points.
Yangjie Technology's product line covers large-scale enterprises with a full range of multi-special semiconductor discrete device products such as discrete device chips, power diodes, rectifier bridges, etc.
Sanhuan Group is a leading domestic ceramic components field and can mass-produce MLCC. The company's MLCC products have been widely used in home appliances, lighting, consumer electronics, industrial control, communication equipment, automotive electronics and other fields.
National porcelain material is the largest supplier of MLCC electronic ceramic materials in China, and the company's domestic market share reaches 80%.
Hongyuan Electronics 's main business is the research, development, production and sales of electronic components mainly based on multi-layer porcelain dielectric capacitors.
Huilun Crystal specializes in piezoelectric quartz crystal components, one of the leading enterprises in the domestic surface-mounted piezoelectric quartz crystal components industry, used in the mobile phone and other industrial chains.
Taijing Technology is the leader in the sub-sector field of quartz crystal resonators. A total of 17 products have passed the certification of more than ten well-known domestic and foreign application solution providers such as MTK and Huawei HiSilicon, benefiting from the explosion of the 5G industry chain.
This article is from Databao
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