Electronic Instrument and Equipment Revenue Has Steadily Increased in November

In the traditional off-season in November, Taiwan’s electronics companies did not usher in a low season for sales. This week, Taiwan’s electronics companies announced their operational data for November 2012. According to our 29 sub-sectors’ revenue data monitoring, 17 sub-sectors achieved positive growth year-on-year, an increase from the previous month. The FCCL and connector industries still maintained rapid growth, with year-on-year growth of 107.66% and 46.78%, respectively. Other sub-sectors with growth rates exceeding double digits were wafer resistance, copper foil substrate, wafer fabrication, IC design, LED packaging, PC, PCB assembly, and capacitance, which increased by 24.87%, 20.47%, 19.43%, and 19.37%, respectively. 16.76%, 13.79%, 11.70%, 11.12%. The five sub-industries with the largest year-on-year declines in November were mobile phones, fiberglass yarns, IC carrier boards, small and medium size LCDs, and LED lighting. The drop rates were 24.57%, 23.52%, 19.23%, 18.16%, and 13%, respectively. The decline has narrowed.

Industry hotspots this week

MediaTek officially released MTK quad-core processor MT6589; Gartner revised 2013 global semiconductor revenue by only 4.5%; 2013 mobile chip sales will exceed the PC chip; Apple iPhone5 mainland market:

Price from 5288 yuan; IDC: In the fourth quarter, global smart device shipments will reach 362 million; Microsoft Surface speed up production to grab the end of the peak season; research said half of the smartphones sold within five years less than 150 US dollars; AUO AMOLED panel Quarterly volume production will break Samsung’s monopoly; in 2013, the global market share of Chinese panel makers will reach 13.3%.

Next week

Maintain the "neutral" rating of the electronics industry. Taiwan's corporate data in November showed that the upstream components have been stable and there has been no major downturn in the off-season. The overall industry is still in the adjustment period. We will be very much looking forward to the start of MediaTek's quad-core chip adoption in January next year. For the next product trends, we continue to pay attention.

Market performance this week

This week, the SW Electronic Index underperformed the market by 1.16%, and SW Electronic's (TTM) TP was 27.84, up by 0.85 from last week.