In the electronics industry, the PCB board is one of the important electronic components in the electronics industry. Since 2018, the PCB circuit board industry has continued to prosper and the profit growth rate has increased.

　　From an overall perspective, the PCB sector revenue increased by 20% in the third quarter of 2018.

　　From the perspective of enterprises, Huatong, a major PCB circuit board manufacturer, reached a single-month peak in November this year, up 3.6% from the previous month. Looking forward to the fourth quarter, industry insiders predict that the fourth quarter should be the traditional peak season for the electronics industry. , It is expected that new products of mobile phones and consumer electronics will be listed on the market one after another for major customers.

　　Huatong stated that it does not comment on a single customer or product, and emphasizes that in the rapidly changing electronics industry, only by deep plowing its own competitiveness in the market downturn can it maintain long-term development, and it can cooperate with its full support in the rapid growth of market customers and sprint profits.

　　In addition, on the 5th, Zhending, a leading PCB board company, announced its November revenue of NT$14.915 billion, representing a monthly decrease of 0.8% and an annual increase of 0.1%, which is better than the same period last year and hit a record high in the same period of the previous year. Zhending emphasized that the operating performance in November was in line with expectations, with little difference from October.

　　Shen Qingfang, chairman of Zhending, predicted that Zhending had a global market share of 6.1% last year, and there is still room for growth in the future. For example, the revenue of soft boards is relatively high, and the hard board may be less than one 30th of the global market. Giving full play to the space and tightening environmental protection will be detrimental to the operation of small factories. The larger Evergrande pattern will become more obvious. Zhending will seize the diversified growth opportunities brought by 5G and AI technology, and continue to cultivate in the field of intelligent manufacturing to implement PCB manufacturing. Station service.

　　For the PCB industry, the commercialization of 5G in the future will also usher in a flashpoint for PCB boards.

　　10-layer HDI circuit board

　　It is estimated that 5G will bring more than 60 billion yuan of incremental opportunities for PCB boards. Industry insiders analyze that the evolution of communication technology brought about by 5G will ultimately be reflected in the replacement and reconstruction of communication facilities, which will inevitably bring growth opportunities to the related electronic components industry.

　　PCB boards are the "mother of electronic products", and the profound changes in the downstream will benefit the PCB industry. 5G construction will undoubtedly become an important driving force for the growth of the PCB industry in the next 2-3 years.

　　From the perspective of unit consumption, due to the explosion of information and the demand for high transmission rates in the 5G era, the large-scale use of MassiveMIMO has led to an increase in antennas, which will generate greater demand for PCB boards, and the increase in PCB circuit board area will open up more room for growth. .

　　In addition, due to the high frequency of 5G, the PCB board is forced to become more high-frequency. The current mainstream solution for base station antennas is PCB board using hydrocarbon materials. The price is about 3000-6000 yuan per square meter, and the price of ordinary circuit boards is about 1900 yuan per square meter. Square meters, the unit value increased by 1.5-3 times, and the veneer value increased significantly.

　　In addition, in addition to 5G, consumer electronics, automotive electronics and other fields will also be the main driving forces for the development of China's PCB industry. In recent years, the growth rate of the consumer electronics market has slowed down, but the market share has shifted to Chinese manufacturers, bringing opportunities to upstream circuit board manufacturers. In terms of automobiles, automotive electronics are expected to grow in the future, which will become the growth driver for PCBs to undertake consumer electronics. In terms of IC substrates, the localization of chips will have a large amount of downstream packaging materials supporting demand, providing opportunities for downstream manufacturers.

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