Page 22 - foxconn preview june 25 051825_1340 hours.indd

TAP TIMES -22- JUNE 2025

Top 10 OSATs: China-based players see double-digit growth

TAIPEI, Taiwan — TrendForce’s $18.54B, holding nearly a 45% share
latest report on the semiconductor among the top ten.
. packaging and testing (OSAT) sector
shows that the global industry in However, sluggish recovery across
2024 faced dual challenges from smartphones, consumer electronics,
accelerating technological advances automotive, and industrial sectors curbed
and ongoing industry consolidation. packaging order growth. In testing,

the company also faced intensified
While ASE holdings and Amkor maintained competition and the rise of in-house
leading positions, OSAT providers from testing among some clients.
China, such as JCET and HT-Tech, saw
strong double-digit revenue growth— Amkor remained in second place
supported by government policies and Amkor ranked second with $6.32B in
domestic demand—posing a growing revenue (-2.8% YoY), mainly due to
challenge to the existing market order. lingering inventory corrections in the
automotive segment and sluggish global
TrendForce reports that the combined vehicle sales.
revenue of the world’s top 10 OSAT
companies reached $41.56B in 2024, up Although consumer electronics orders
3% Y/Y. began to recover, intensified pricing
pressure in China and Southeast Asia
ASE led the ranking with revenue of constrained revenue growth.

JCET took third place
with $5B in revenue
(+19.3% Y/Y).

Demand for consumer
electronics improved
as semiconductor
inventories began
clearing in late 2023.

The ramp-up of new
platforms in AI PCs and
mid-range smartphones
helped JCET quickly fill
capacity for standard
packaging services.

Fourth-ranked Tongfu
Microelectronics recorded
$3.32B in revenue
(+5.6% Y/Y buyoYoY),
buoyed by a rebound in
demand for consumer
next page