• Smartphone Demand Rebounds in 2H23, Q3 Production Rises 13% with Continued Growth Expected in Q4, Says TrendForce


    TrendForce reports that smartphone production—fueled by reduced channel inventories and spikes in seasonal demand—saw a significant uptick in 3Q23. Global smartphone production in the third quarter reached approximately 308 million units, marking a 13% QoQ increase.


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Press Releases


8 December 2023

Enterprise SSD Revenue Grows by 4.2% in 3Q23, with Over 20% Increase Expected in Q4, Says TrendForce

Overall, while enterprise SSD contract prices continued their downward trajectory in Q3, a surge in global purchasing demand by 10% has elevated its revenue to US$1.56 billion, marking a 4.2% QoQ increase.

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7 December 2023

Smartphone Demand Rebounds in 2H23, Q3 Production Rises 13% with Continued Growth Expected in Q4, Says TrendForce

TrendForce reports that smartphone production—fueled by reduced channel inventories and spikes in seasonal demand—saw a significant uptick in 3Q23. Global smartphone production in the third quarter reached approximately 308 million units, marking a 13% QoQ increase. Although this figure has yet to reach pre-pandemic levels, it represents a 6.4% YoY increase, effectively ending an eight-quarter streak of annual declines. 

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6 December 2023

Top 10 Foundries Experience 7.9% QoQ Growth in 3Q23, with a Continued Upward Trend Predicted for Q4, Says TrendForce

TrendForce’s research indicates a dynamic third quarter for the global foundry industry, marked by an uptick in urgent orders for smartphone and notebook components. This surge was fueled by healthy inventory levels and the release of new iPhone and Android devices in 2H23. Despite persisting inflation risks and market uncertainties, these orders were predominantly executed as rush orders. Additionally, TSMC and Samsung’s high-cost 3nm manufacturing process had a positive impact on revenues, driving the 3Q23 value of the top ten global foundries to approximately US$28.29 billion—a 7.9% QoQ increase.

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8 December 2023

Enterprise SSD Revenue Grows by 4.2% in 3Q23, with Over 20% Increase Expected in Q4, Says TrendForce

Overall, while enterprise SSD contract prices continued their downward trajectory in Q3, a surge in global purchasing demand by 10% has elevated its revenue to US$1.56 billion, marking a 4.2% QoQ increase.

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6 December 2023

Top 10 Foundries Experience 7.9% QoQ Growth in 3Q23, with a Continued Upward Trend Predicted for Q4, Says TrendForce

TrendForce’s research indicates a dynamic third quarter for the global foundry industry, marked by an uptick in urgent orders for smartphone and notebook components. This surge was fueled by healthy inventory levels and the release of new iPhone and Android devices in 2H23. Despite persisting inflation risks and market uncertainties, these orders were predominantly executed as rush orders. Additionally, TSMC and Samsung’s high-cost 3nm manufacturing process had a positive impact on revenues, driving the 3Q23 value of the top ten global foundries to approximately US$28.29 billion—a 7.9% QoQ increase.

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5 December 2023

NAND Flash Industry Revenue Grows 2.9% in 3Q23, Expected to Surge Over 20% in Q4, Says TrendForce

TrendForce reports a pivotal shift in the NAND Flash market for 3Q23, primarily driven by Samsung’s strategic decision to reduce production. Initially, the market was clouded by uncertainty regarding end-user demand and fears of a subdued peak season, prompting buyers to adopt a conservative approach with low inventory and slow procurement.

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1 December 2023

Market Value of Ultra-Thin Glass Projected to Reach US$600 Million in 2024 Thanks to Rising Adoption of Foldable Phones, Says TrendForce

TrendForce’s recent report on OLED technology and its market trends reveals that UTG has secured over 90% market share in the newest foldable models. This trend indicates robust growth of UTG’s market value to US$360 million in 2023, with hopes of reaching US$600 million in 2024.

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9 November 2023

Gen5+ LCD Panel Utilization Rates to Reach Approximately 72% in Q4, with Potential Further Decline in 1Q24, Says TrendForce

TrendForce reports that the utilization rates for the Gen5+ LCD panel industry (by area) are estimated to decrease by nearly 9.2 percentage points from the third quarter, reaching 72.2% in Q4.

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17 October 2023

TrendForce 2024: Riding the Wave of Revolutionary Tech Trends

In this press release, TrendForce details the major trends that are expected to take place across various segments in the tech industry in 2024, as follows:

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3 November 2023

Rebound in Mini LED Product Shipments to 13.79 Million Units in 2024, Continued Growth Expected Until 2027, Says TrendForce

LED

TrendForce's "2024 New Mini LED BLU Display Trend Analysis" report reveals that due to declining demand in consumer electronics, shipments of Mini LED products are expected to decrease to 13.337 million units in 2023.

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17 October 2023

TrendForce 2024: Riding the Wave of Revolutionary Tech Trends

In this press release, TrendForce details the major trends that are expected to take place across various segments in the tech industry in 2024, as follows:

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10 August 2023

Japanese Watchmakers and Western Automakers Boost Micro LED Market to Near US$600 Million by 2027, Says TrendForce

LED

Mass production of large displays and wearable devices is propelling the Micro LED market. TrendForce predicts that the market value of Micro LED chips will reach $27 million in 2023, indicating a YoY growth of 92%. With the scaling of existing application shipments and the introduction of new applications, it’s projected that the market value of Micro LED chips will approach $580 million in 2027, representing a CAGR of approximately 136% from 2022 to 2027.

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4 December 2023

EV Battery Prices Drop 3–4% in November, Market Demand Expected to Rebound in 2Q24, Says TrendForce

TrendForce’s latest investigations reveal that the battery industry’s operating rate fell in November due to a significant cooling in end-user demand. Falling prices of key raw materials like lithium, cobalt, and nickel led to a consistent downward trend in battery cell prices. In November, prices of Chinese EV battery cells dropped by approximately 3–4% MoM, consumer LCO cells decreased by 2.5%, and storage-type cells fell the hardest at 6.8%.

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3 November 2023

EV Battery Price Decline in October Narrows to 2%, Expected Downtrend to Continue Through 2024, Says TrendForce

TrendForce reports that China’s EV battery market is undergoing a period of turbulence due to an overall lack of demand. Battery suppliers are reportedly reluctant to replenish their inventories and are instead, focusing on depleting existing stocks. This has resulted in insufficient demand to support the prices of upstream lithium materials, leading to a continuous decline in ASP.

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17 October 2023

TrendForce 2024: Riding the Wave of Revolutionary Tech Trends

In this press release, TrendForce details the major trends that are expected to take place across various segments in the tech industry in 2024, as follows:

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7 December 2023

Smartphone Demand Rebounds in 2H23, Q3 Production Rises 13% with Continued Growth Expected in Q4, Says TrendForce

TrendForce reports that smartphone production—fueled by reduced channel inventories and spikes in seasonal demand—saw a significant uptick in 3Q23. Global smartphone production in the third quarter reached approximately 308 million units, marking a 13% QoQ increase. Although this figure has yet to reach pre-pandemic levels, it represents a 6.4% YoY increase, effectively ending an eight-quarter streak of annual declines. 

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28 November 2023

Global TV Shipments to Fall Below 197 Million Units for the First Time in 2023, Slight Growth of 0.2% Expected in 2024, Says TrendForce

TrendForce’s latest research indicates that despite a decrease in the CPI in Europe and the US this year, consumer budgets are still constrained due to the current high-interest-rate environment, and the real estate bubble in China has suppressed TV demand. Moreover, a significant increase in TV panel prices this year has led brands to scale down promotional events, resulting in a decline in global TV shipments to 197 million units in 2023—a YoY decrease of 2.1%.

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21 November 2023

Shifting Camera Integration Trends Expected to Cause an 8.9% Decline in Smartphone Camera Module Shipments in 2023, Says TrendForce

TrendForce reports a significant 8.9% decrease in shipments of smartphone camera modules in 2023, totaling around 4.065 billion units. This downturn is attributed to a decline in smartphone production and evolving trends in camera integration by major brands.

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13 April 2023

Global Market Value of Non-Terrestrial Networks Expected to Reach US$8.8 Billion in 2026, Development of 5G NTN Technology to Accelerate, Says TrendForce

TrendForce predicts that the global market value of 5G NTN will jump from US$4.9 billion to $8.8 billion between 2023 to 2026—a CAGR of 7%. This rise in global market value will likely drive chip makers to begin developing 5G NTN technology.

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19 January 2023

Value of 5G Market Will Reach US$37 Billion in 2026 as Applications Related to Metaverse Act as Notable Demand Driver, Says TrendForce

TrendForce forecasts that the value of the global 5G market will reach US$14.5 billion in 2023 thanks to the promotion of 5G private networks by enterprises and the upgrading of the equipment purposed for small cells and 5G FWA. Then, the global 5G market will further scale up to US$37 billion in 2026, with the CAGR for the 2023~2026 period coming to 11.0%. Applications related to the Metaverse will help spur the demand for 5G networks during the period.

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6 September 2022

5G FWA Device Shipments Forecast to Reach 7.6 million Units in 2022, N. America and Europe Take Lead in Injecting New Business Opportunities into Supply Chain, Says TrendForce

According to TrendForce research, shipments of 5G FWA devices will reach 7.6 million units in 2022, an annual increase of 111%, due to the expansion of 5G coverage and growing market demand for Fixed Wireless Access (FWA) services. 5G FWA device shipments in 2023 are estimated at 13 million units. At present, Nokia, Huawei, Casa Systems, and TCL have launched relevant solutions, using Qualcomm, MediaTek, and UNISOC made chips. Taiwanese players include Arcadyan, Zyxel, Sercomm, Wistron NeWeb, Askey, and Alpha Networks. As installed capacity increases, new demand is created for communication equipment manufacturers and new business opportunities become available to upstream component suppliers.

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30 November 2023

NEV Sales Hit 3.455 Million in 3Q23, BYD’s BEV Sales Hot on Telsa’s Heels, Says TrendForce

TrendForce’s latest investigations reveal groundbreaking developments in the NEV sector for 3Q23. Total sales of NEVs, including BEVs, PHEVs, and FCEVs, soared to 3.455 million units and registered a substantial 28.1% YoY growth. While BEVs accounted for about 70% of these sales, the standout performers this quarter were PHEVs, which saw a staggering YoY growth of 47.8%—contributing significantly to the momentum of the NEV market. 

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17 October 2023

TrendForce 2024: Riding the Wave of Revolutionary Tech Trends

In this press release, TrendForce details the major trends that are expected to take place across various segments in the tech industry in 2024, as follows:

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28 September 2023

BYD Soared to Become Fourth-Largest Global Car Brand in August and Were Closely Behind Japanese Automakers in Rankings, Says TrendForce

According to the latest data from TrendForce, car sales across 37 regional markets (as indicated in the notes under the table below) in August totaled 5.55 million vehicles, representing an increase of nearly 1% compared with July.

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In-Depth Analyses


9 December 2023

TrendForce Highlights Ongoing Global Competition in Solar PV Industry Chain, Awaits Industry Breakthrough

Reflecting on 2023, the industry's foremost concern revolves around overcapacity. Over the past couple of years, the industry chain's capaci

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8 December 2023

Daily Express Dec.8,2023 Spot Market Today

In today's DRAM spot market, prices for DDR4 and DDR5 continue to show a stable upward trend. There are a few inquiries from the factories, but the willingness to accept high prices remains limited. In the DDR3 segment, demand is sluggish, with no real buying interest. Hence, the trading situation is not ideal. In the mainstream category, the average price of DDR4 8G (1Gx8) 2666 rises to USD 1

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Wafer prices Plunge this Week and Persistently Falling Prices in Other Industrial Chain Segments Prove Difficult to Arrest

8 December 2023

Polysilicon: Polysilicon prices continue to decline throughout the week. The mainstream concluded price for mono recharge polysilicon is RMB


Daily Express Dec.7,2023 Spot Market Today

7 December 2023

In today's DRAM spot market, the primary demand is focused on Samsung DDR5 2Gx8-4800 chips. However, there is a shortage of available inventory, and pricing is not clear. In the RDIMM 32G/64G segment, buyers are actively chasing the price. However, due to the seller's reluctance to sell, transaction volumes have increased only slightly. In the mainstream category, the average price of DDR4


Daily Express Dec.6,2023 Spot Market Today

6 December 2023

In today's DRAM spot market, demand remains focused on SK Hynix DDR4 512x16-3200. While buyers have increased their target prices, suppliers continue to raise their quotes. The actual buying interest is limited, resulting in limited transactions. Demand for other types of chips remains subdued. In the mainstream category, the average price of DDR4 8G (1Gx8) 2666 rises to USD 1.732, and the ave



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