Leadframe suppliers including Chang Wah Technology (CWTC), Jih Lin Technology and Shuen Der Industry (SDI) continue to see their supply for automotive IC packaging fall short of demand, according to industry sources.
Robust demand for automotive MCUs and power ICs from IDMs will continue buoy sales at CWTC, Jih Lin and SDI in the second half of this year, despite slowdowns in demand for consumer electronics and other mass-market device applications, said the sources.
CWTC has also enjoyed strong demand for industrial control products, and continues to run its production lines at full capacity utilization, the sources indicated. The leadframe supplier has already seen its customers start reserving its available capacity for 2023.
CWTC has reported revenue grew 1.6% sequentially and 19% on year to a record high of NT$1.29 billion (US$43.4 million) in June 2022. Revenue totaled NT$3.78 billion for the second quarter, which came within the company's guidance range of NT$3.68 billion to NT$3.87 billion, and also hitting an all-time high.
CWTC disclosed its cumulative 2022 revenue through June climbed 27.9% from a year earlier to NT$7.41 billion.