Surviving on High-End Technology

Formidable competition

   Chart 1: PCB production value in Taiwan and China

Flexible PCBs

   Chart 2: Yearly production value of major PCB products in Taiwan

   Chart 3: Distribution of PCB products in Taiwan, 2003

   Chart 4: Distribution of PCB products in Taiwan, 2004 (forecast)

   Chart 5: Taiwan PCB product applications in 2003

   Chart 6: Taiwan PCB product applications in 2004 (forecast)

Company rankings

   Table 1: Top PCB makers in Taiwan

   Table 2: Status of Taiwan PCB enterprises by laser drilling machines (Unit: Set)

Company intros (interviews)

    Compeq Manufacturing

       Chart 7: Compaq Manufacturing, production by category 1Q 2003

       Chart 8: Compaq Manufacturing, production by category 1Q 2004

    Nan Ya Printed Circuit Board

       Chart 9: Electronic components materials

    Unimicron Technology

    Unitech Printed Circuit Board

    Going for growth in PCBs: Gold Circuit Electronics

    HannStar Board: Aiming for Taiwan’s top five

    Going for growth: Tripod Technology Corporation

    Boardtek Electronics Corporation

    EMS specialist Ya Hsin Industrial offers PCBs

Introduction

OLED types and categories

    Full-color OLEDs

       Chart 1: Full-color approaches

OLED production worldwide

    OLED production in Taiwan

       Chart 2: Structure of OLED sector

In-car audio: An early OLED application

New opportunities

   Chart 3: Handset main display market breakdown by panel technology, 2003-2007

MP3 to be a major OLED mover in 2005

   Chart 4: Taiwan OLED makers’ shipment value, January 2004-January 2005

   Chart 5: Taiwan OLED shipment breakdown by applications, 1Q 2004-1Q 2005

Recent market research – iSuppli

   Chart 6: OLED display forecast, 2003-2011

DisplaySearch Quarterly Report, June 2005 – shipments

   Chart 7: Quarterly OLED shipments, 1Q 2004-2Q 2005

DisplaySearch Quarterly Report, June 2005 – revenues and growth

   Chart 8: Revenues, 1Q 2004-2Q 2005

DisplaySearch Quarterly Report, June 2005 – units by application

   Chart 9: Units by application

DisplaySearch Quarterly Report, June 2005 – shipment share

   Chart 10: Shipments share

First-quarter 2005 revenue share by supplier

   Chart 11: Revenue share by supplier

The TV potential

Printing OLEDs

    The PLED advantage

    Ink-jet printing the key

Fast response

The cost advantage

Itemized OLED cost factors

   Table 1: Comparison of OLED and other display technologies

The lifetime limitation

    The material factor

OLED efficiency

Future challenges

The AMOLED challenge

    CPT developing LTPS-based AMOLED

    AMOLED co-development by RiTdisplay and Prime View

    Toppoly expands production

Yields and patents

Taiwan’s OLED sector

    Development of Taiwan’s OLED sector

       Table 2: Current situation of Taiwan OLED makers

    The investment factor

Company intros (interviews)

    OLEDs from RiTdisplay

    AUO – The AMOLED objective

    Univision Technology – Replacing the LCD market

    Teco Optronics: Cost-effective market entry

    Other Taiwan OLED players

Introduction

   Table 1: Global FPD market (US$b)

    Front projectors

       Table 2: PMA, front-projector market forecast (thousand units)

    Organic light-emitting diode (OLED) displays

       Chart 1: Worldwide OLED market forecast, 2002-20010 (thousand units/US$m)

    Plasma display panels (PDPs)

       Table 3: Global PDP leader in 4Q 2003

       Chart 2: Clobal PDP market

       Table 4: Capacity expansion schedules from worldwide PDP makers

    LEDs (including backlights)

       Table 5: LED market (US$m)

TFT LCD

    Introduction to TFT LCD market

       Chart 3: TFT LCD market size surpassed that of foundry and DRAM in 2001

    TFT LCD generation

       Table 6: TFT LCD, generation vs. panel cutting

       Table 7: Global TFTL LCD fabs*

       Chart 4: TFT LCD capacity by generation through 2005

    Taiwan TFT LCD industry

       Table 8: Global TFT LCD producers, 2003 shipment estimates

       Table 9: Global large-size panel makers, expansion adjustments in 2004

       Table 10: Taiwan TFT LCD plant

       Table 11: Taiwan TFT LCD panel makers, panel volume production plan in 2004

       Table 12: Taiwan TFT LCD panel makers, panels and technologies showed at FPD International 2004

       Table 13: Taiwan TFT LCD makers, panel line-up

    New TFT LCD plants – 7G and beyond

       Table 14: 7G and beyond substrate sizes

    TFT LCD price trend

       Chart 5: TFT LCD panel price trend

       Chart 6: Overall LCD monitor panel ASP

       Table 15: DisplaySearch, global large-size panel-demand forecast by application in 2005 (million units)

    TFT LCD maker capex, shipments and sales

       Table 16: Taiwan TFT LCD producers, 2H2003 fund raising plans

       Table 17: Taiwan TFT LCD producers, preliminary 2004 capital spending projections (NT$b)

       Table 18: CPT and CMO*, cash and cash equivalents in 2004 (NT$b)

       Table 19: Taiwan TFT LCD makers, updated capex plans (NT$b)

       Table 20: Taiwan TFT LCD producers, 2003 monthly large-size panel shipments (thousand units)

       Table 21: Taiwan TFT LCD producers, 2003 sales (NT$m)

LCD TV

    Introduction to the LCD TV panel market

       Chart 7: Worldwide LCD TV panel forecast, 2001-2007

    LCD TV panel buyers

       Table 22: McLaughlin Consulting Group, global big-screen TV market composite forecast (million units)

       Table 23: Taiwan TFT LCD makers, 2004 LCD TV panel production

       Table 24: Taiwan TFT LCD panel makers, LCD TV panel line-up in 2004

    Taiwan LCD TV shipments

       Table 25: 2003 Taiwan LCD TV shipments

       Table 26: 2003 Global LCD TV shipments

    Taiwan IT and home appliance manufacturers to enter LCD TV market

       Table 27: Taiwan IT manufacturers, LCD TV plans

       Table 28: Taiwan home appliance manufacturers, LCD TV plans

    Taiwan IT companies at CeBIT

       Table 29: Taiwan IT companies at 2004 CeBIT, LCD TV line-up*

    Major US and Japanese vendors contract Taiwan LCD TV production

       Table 30: Taiwan LCD TV contract manufacturing

LCD monitor

    Introduction to LCD monitor market

       Chart 8: Worldwide desktop and workstation, end-user monitor sales, 1Q 2001 – 1Q 2004

       Table 31: Global LCD monitor penetration rate and shipments

       Chart 9: Inventory accumulations by quarter – LCD monitor market

       Table 32: Average pricing trends for LCD monitors (US$)

       Table 33: 17-inch LCD monitor panel shipments and share by supplier

       Chart 10: Worldwide LCD monitor OEM/ODM makers in 2Q 2004

       Chart 11: Worldwide LCD monitor branded makers in 2Q 2004

    Taiwan’s LCD monitor and panel industry

    Taiwan LCD monitor monthly shipments and sales

       Table 34: Major Taiwan LCD monitor producers, 2003 LCD monitor monthly shipments (thousand units)

       Table 35: Major Taiwan LCD monitor producers, 2003 LCD monitor monthly sales* (NT$m)

STN LCD

    Taiwan’s STN LCD industry

       Table 36: Taiwan CSTN makers, CSTN capacity

       Table 37: Major Taiwan STN LCD producers, 2003 monthly sales (NT$m)

       Table 38: Taiwan TN/STN LCD lines

Company intros

    AU Optronics (AUO)

       Table 39: AUO milestone

       Table 40: AUO, 2004 financial forecast (NT$b)

       Table 41: AUO, unaudited financial results (NT$m)

       Table 42: AUO, 2003 quarterly consolidated sales by application (%)

       Table 43: AUO, TFT LCD fab capacity (thousand units)

       Table 44: AUO, LCD TV panel line-up

       Table 45: AUO, 2003 investments in affiliates

       Table 46: AUO, directors and supervisors

    Chi Mei Optoelectronics (CMO)

       Table 47: CMO facts

       Table 48: CMO, unconsolidated financial results (NT$m)

       Table 49: CMO, 2004 financial forecast (NT$m)

       Table 50: CMO product line-up

       Table 51: CMO, TFT LCD fab capacity (thousand units)

       Table 52: CMO, 2003 quarterly unconsolidated sales by application (%)

       Table 53: CMO LCD TV panel line-up

       Table 54: CMO, LCD TV panel shipments in 2004

       Table 55: CMO, 2003 investments in affiliate

    Chunghwa Picture Tubes (CPT)

       Table 56: CPT, global operations

       Table 57: CPT, 2004 non-consolidated financial forecast (NT$m)

       Table 58: CPT, 2004 consolidated financial forecast (NT$m)

       Table 59: CPT, TFT LCD forecast (NT$m/ thousand units)

       Table 60: CPT, CRT forecast (NT$m/ thousand units)

       Table 61: CPT, 2004 unconsolidated financial forecast (NT$b)

       Table 62: Technology R&D to take place at CPT’s next-generation plants

       Table 63: CPT, TFT-LCD and CF line expansion plans (thousand units)

       Table 64: CPT, small-to-medium-size panel shipment breakdown by size for 2004

       Table 65: CPT, small-to-medium-size panel shipment breakdown by size in 2005

       Table 66: CPT, small-to-medium-size panel shipments

       Table 67: CPT financial results (NT$m)

       Table 68: CPT, 2004 TFT-LCD panel shipment forecast (million units)

       Table 69: CPT, 2004 TFT-LCD, PDP* and CRT shipment targets (thousand units)

       Table 70: CPT, Panel-shipment forecast (thousand units)

       Table 71: CPT LCD TV panel line-up

    HannStar Display

       Table 72: HannStar Display, 2004 financial forecast (NT$m)

       Table 73: HannStar, quarterly results in 2004 (NT$m)

       Table 74: HannStar, 5G equipment-installation schedule

       Table 75: HannStar, Original 5G monthly capacity plan

       Table 76: HannStar Display, small-to-medium-size application plans

       Table 77: HannStar, LCD-TV production plan in 2004

       Table 78: HannStar LCD-TV panel line-up

    Quanta Display

       Table 79: Quanta Display, TFT LCD plants

    Innolux Display

       Table 80: Innolux Display, TFT LCD plants

    Prime View International (PVI)

    Wintek

       Table 81: Wintek milestones

       Table 82: Global small-to-medium-size TFT-LCD panel market share in 1H 2004

       Table 83: Global small-to-medium-size TFT-LCD panel ranking by application in 2Q

       Table 84: Wintek, 3Q consolidated sales breakdown by technology

       Table 85: Wintek, CSTN capacity

       Table 86: Wintek financial results (NT$m)

    Picvue Electronics

       Table 87: Picvue Electronics, panel applications

       Table 88: Picvue milestone

       Table 89: Picvue financial results (NT$m)

       Table 90: Picvue, CSTN LCD panel shipments

       Table 91: Picvue, STN LCD shipments (million units)

    Emerging Display Technologies (EDT)

       Table 92: EDT, financial overview (NT$m)

       Table 93: EDT, profitability (%)

       Table 94: EDT, efficiency (time/year)

       Table 95: EDT, EPS* (NT$)

    United Radiant Technology (URT)

       Table 96: URT, STN LCD plants

       Table 97: URT financial results (NT$m)

       Table 98: Taiwan CSTN makers, CSTN capacity

    Giantplus Technology

       Table 99: Giantplus Technology, financial results (NT$m)

    Vision Display System (VDS)

       Table 100: VDS milestone

       Table 101: VDS financial results (NT$m)

    Imax Optronics (Formerly named Info)

       Table 102: Imax Optronics milestones

       Table 103: IMAX Optronics financial results (NT$m)

    Vbest Electronics

       Table 104: Vbest Electronics milestone

       Table 105: Vbest financial results (NT$m)

    BenQ

       Table 106: 2004 Taiwan Top 10 Global Brands

       Table 107: Corporate

       Table 108: Sales Offices

       Table 109: Quality Certifications

       Table 110: BenQ business groups (by product)

       Table 111: BenQ sales by business (%)

       Table 112: BenQ sales business by geography (%)

       Table 113: BenQ, LCD monitor shipment and market share targets (million units, %)

       Table 114: BenQ, display products for Computex 2004

    Lite-On Technology

       Table 115: Lite-On Technology September 2004 revenues

       Table 116: Lite-On Technology September revenues by product line

    Amtran Technology

    Compal Electronics

    Jean

    Sampo Technology

       Table 117: Sampo Technology, 2004 financial forecast (NT$m)

       Chart 12: Sampo, monthly sales proportion of LCD monitors in 2004

    Coretronic

       Table 118: Coretronic, milestone

       Table 119: Coretronic, 2004 financial results in 2Q & 3Q (NT$m)

       Chart 13: Coretronic, monthly sales proportion of LCD monitors in 2004

    Chuntex Electronic (CTX)

    Soaring Technology

    Foxlink Image Technology (FIT)

       Chart 14: Foxlink, sales proportion of LCD monitors in 2004

    MAG Technology

       Chart 15: MAG Technology, monthly sales proportion of LCD monitors in 2004

    Albatron Technology

       Chart 16: Albatron, monthly sales proportion of LCD monitors in 2004

    Key Mouse Electronic Enterprise (KME)

    ProArch Technology

       Table 120: ProArch Technology, Strategies for different regions

    Toppoly Optoelectronics

       Table 121: Toppoly, LTPS TFT LCDs

       Table 122: Toppoly, sales and profits through 2004 (NT$m)*

Introduction

   Table 1: Taiwan leading handheld device manufacturers

Handsets

   Table 2: 2004 global handset shipment forecasts

   Table 3: Mobile phone demand in 2004 (million units)

   Table 4: 2004 top-6 handset vendors

    Taiwan handset makers

       Table 5: Taiwan handset shipments and market share 2000-2005 (million units)

       Table 6: Taiwan handset industry, 2003-2004 quarter shipments (million units)

       Table 7: Taiwan handset industry, 1H handset shipments (million units) and shipment value (US$m)

       Table 8: Taiwan handset market, unit sales in 2004 (million units)

       Table 9: Taiwan handset makers, 2004 and 2005 handset shipments (thousand units)

       Table 10: New models by own-brand handset makers in Taiwan in 2004

       Table 11: Taiwan handset makers, 2003 and 2004 shipments (million units)

Camera-equipped handsets

   Table 12: Camera phones of total phone sales in 2002, 2003 and 2004 forecast

   Table 13: Development of camera mobile phones 2002-2005

   Table 14: Handset vendors announce first megapixel camera phones to be launched in 2H

   Table 15: Taiwan market, camera phones with a 2- or 3.2-megapixel camera in 2005

    Camera-module shipments

       Table 16: Taiwan handset industry, shipment contributions in 1Q and 2Q

       Table 17: Handset shipment proportion by camera type

       Table 18: Handset shipment proportion by resolution imager

PHS & Dual Mode handsets

    PHS handsets

       Table 19: Taiwan PHS handset makers, major clients and 2003 shipments (million units)

    Dual-mode PHS/GSM

    Dual-mode GPRS/WLAN

       Table 20: Demand for dual-mode cellular/WLAN phones (thousand units)

3G handsets

   Chart 1: Evolution path for 3G

   Table 21: Asia Pacific (excluding Japan), proportion of 3G subscribers

    CDMA2000, WCDMA

       Table 22: Japan, 3G users by June04 (million subscribers)

       Table 23: South Korea, 3G users by June04 (million subscribers)

    TD-SCDMA

    Taiwan 3G

       Table 24: Taiwan’s 3G licensees

       Table 25: Taiwan handset makers, 3G phones

Smartphones

   Table 26: Worldwide handset shipments 2001-2008 (million units)

   Table 27: Worldwide smartphone production forecast (thousand units)

   Table 28: Global smartphone shipments 2004-2008 (million units)

   Table 29: Demand by different operating system 2003-2008

   Table 30: Smartphones with built-in cameras by companies

Pocket PCs/PDAs

   Table 31: MIC, Taiwan PDA shipments, 2001-2006

   Table 32: PDA makers, 2003 ~ 2005 customers and shipments (million units)

Handset component makers

   Table 33: 2004 Taiwan passive-component industry

   Table 34: Taiwan handset component makers, planned dividends for 2004

Taiwan’s handset supply chain

   Table 35: Taiwan handset makers and mobile system solution providers

   Table 36: Taiwan handset component suppliers by industry

Handset LEDs

   Table 37: White-LED patents from foreign LED-chip suppliers

    LED chipmakers

       Table 38: Worldwide white-LED demand for handset-use applications (thousand units)

       Table 39: Market scale in Taiwan LED industry (NT$b)

       Table 40: Epistar, blue-LED chip shipments by handset applications (million units)

       Table 41: Shipments of blue LEDs used in handset flashes and LCD panels (million units)

       Table 42: Arima Optoelectronics, 2005 LED strategies

    LED makers

       Table 43: Taiwan SMD-LED makers, quarterly SMD-LED shipments (million units)

       Table 44: Taiwan SMD-LED makers, Shipment proportions by blue- and white-SMD-LED segments

LCD displays

    STN/CSTN LCD

       Table 45: Wintek, sales breakdown by technology

    TFT LCD

       Table 46: Taiwan handset industry, shipment contributions in 1Q and 2Q

PCBs and flexible PCBs

   Table 47: Taiwan PCB market, 2003-2005 (NT$m)

   Table 48: Handset PCB shipments (million units)

   Table 49: Shipment proportion of HDI PCBs with 2+N+2 layout

   Table 50: Taiwan PCB makers, 2004 market share forecast

   Table 51: Taiwan PCB makers, 2002-2003 shipments (million units) and market share

   Table 52: Market shares from Taiwan and South Korea

   Table 53: Leading handset vendors, shipment proportion by regional industry

   Table 54: Global handset PCB shipments in 2004 and 2005 forecast (million units)

    Flexible PCB

       Table 55: Ichia, monthly capacity at Taiwan and China plants (square feet)

    Rigid-flexible PCB

Handset keypads

    Shun On Electronic (SOE)

    Ichia Technologies

    Silitech

Handset connectors and battery packs

   Chart 1: Taiwan connector market

    Foxlink

    Jess-Link Products Company (JPC)

    Sinbon Electornics

    Merry Electronics

    Phihong Enterprise

    P-Two

Handset cases

    Taiwan magnesium-alloy industry

    Catcher Technology

    Taiwan Green Point Enterprise’s (TGP)

       Table 56: TGP, proportion of total capacity at each plant

    Everskill Technology

CMOS/CCD image sensors

   Table 57: Camera phone, CMOS and CCD demand (million units)

   Table 58: Global image-sensor market, 2003-2008 forecast (million units)

   Table 59: Global top 10 companies revenue from shipments of image sensor (US$m)

   Table 60: Camera phone market value forecast (US$m)

   Table 61: Camera phone shipments forecast (thousand units)

    Taiwan players

       Table 62: PTI supply chain

    CSP to COB

Crystal and Oscillator

   Table 63: Worldwide crystal and oscillator forecast 2001-2008 (US$m)

   Chart 2: Revenues, 2002-2008 (US$m)

PDA and handset company introductions

    AnexTEK Technology

    Arima Communication

       Table 64: Arima, quarterly handset shipments (million units)

       Table 65: Arima 2004 financial forecast adjustment (NT$b)

       Table 66: About Arima Communication

       Table 67: Arima milestones 1999-2004

    Asustek Computer

       Table 68: Asustek Computer milestone 1990-2005

       Table 69: Asustek PDA business

    BenQ

       Table 70: BenQ milestone 1984-2004

       Table 71: BenQ, revenues by products in 2004 (NT$m)

       Table 72: BenQ, worldwide mobile-phone shipments (million units)

    Chi Mei Communication Systems

       Table 73: CMCS milestone 2001-2004

       Table 74: CMCS, Motorola’s orders in 2004 and 2005

    CMC Magnetics

       Table 75: CMC Magnetics milestone 1978-2004

    Compal Communications

       Table 76: Compal Communications 1999-2004

       Table 77: Compal, 2004 and 2005 handset orders

       Table 78: Compal Communications, handset models launched from 1999-2003

       Table 79: Compal Communications, quarterly handset shipments (thousand units)

       Table 80: Compal Communications, full-year shipments (million units)

    Compal Electronics

       Table 81: Compal Electronics milestone 1984-2004

       Table 82: Compal, March and April shipments by products (thousand units)

    Dbtel Technology

       Table 83: Dbtel 2004 financial forecast (NT$m)

       Table 84: Dbtel, own-brand handset sales in 2001-2004 (thousand units)

       Table 85: Dbtel, quarterly shipments (thousand units)

       Table 86: Dbtel Technology milestone 1979-2004

    Foxconn Electronics

       Table 87: Foxconn Electronics milestone 1974-2004

    High Tech Computer

       Table 88: HTC milestone 1997-2004

       Table 89: T-Mobile, Four

       Table 90: HTC, PDA phone and smartphone 2002-2004

       Table 91: PDA phone specification

       Table 92: Smartphone specifications

    Inventec Appliances

       Table 93: Inventec Appliances, existing plants in China and Taiwan

       Table 94: Inventec Appliances milestone 2000-2004

    Lite-On Technology

       Table 95: Lite-On Group, strategic subsidiaries

       Table 96: Lite-On Technology December 2004 revenues

       Table 97: Lite-On Technology December consolidated revenues by product line

       Table 98: Lite-On Technology handset clients

       Table 99: Lite-On Technology milestone 1989-2004

    Mitac International

       Table 100: Mitac International milestone 1982-2004

       Table 101: Mitac, proportion revenues by products, Jan-Mar 2004

       Table 102: Mitac International, China production bases

       Table 103: Mitac, shipment projection, 2005 (million units)

    Quanta Computer

       Table 104: Quanta, handset customers

       Table 105: Quanta Computer milestone 1988-2004

    Unitech Electronics

    Wistron

       Table 106: Wistron Group

    Wistron NeWeb

       Table 107: WNC adjustment in 2004 financial forecast (NT$m)

       Table 108: WNC milestone 1996-2004