There are passive component manufacturers released price increase signals! In the AI demand to boost the market background of passive components, passive components in the higher-end products also get the trend of price increases in space, not only will drive Huaxinke and other manufacturers of third-quarter revenue, and with the A-related products continue to ship, manufacturers of the overall operating results are expected to be another layer.
Passive components Huaxin Science and Technology said, AI server demand is strong, driven by the product price increase, and now also see the middle and high-level material number of price increases, the third quarter of operation up, the fourth quarter flat, next year in the AI, automotive growth, product portfolio optimization, revenue growth, gross margins will be significantly higher.
Huaxinke said that the value of passive components within the AI server power supply increased by 10-30%; resistance specifications upgrade, the value of the traditional server increased by 40-60%. The industry pointed out that if the NVIDIA GB200, for example, a single cabinet capacitance more than 2,000 high-grade X6S (general-purpose ceramic capacitors), capacitance value of traditional servers increased by 200 U.S. dollars, and some of the material number of the unit price difference to 10 times.
In terms of AI PC, Huaxin Science and Technology said that it has started shipping small quantities since the second half of the year, and is expected to release the quantities in the middle of next year. From the specification point of view, the capacitance of AI PC will be increased by 200-300 pcs as compared with that of traditional NB.
Automotive part, Huaxin Science and Technology said that the current observation of the market growth or the company's market share are still a lot of room for growth, the current visibility of automotive orders 6-8 months, the main direct supply to the car factory, due to the subsequent demand for the continued expansion of production of automotive MLCCs and resistive products.
Overall, Huaxin Science and Technology believes that the general product prices fell to the bottom of the middle and high-grade materials have price increases, the current report of the third quarter revenue is expected to be better than the second quarter, the fourth quarter is estimated to be flat, the current observation of next year's AI, automotive continued to grow, cell phones and consumer electronics is also more optimistic, next year's outlook is positive, revenue, gross margins upward.
To summarize the overall market situation, Huaxin Science and Technology pointed out that the netcom, data in the market demand is strong, cell phones and consumer products are stable. With the industry's inventory de-stocking coming to an end, Q3 revenue will be better than last quarter, and capacity utilization is expected to maintain a high level this quarter and next.
In addition to Huaxinke released AI market favorable passive components, Morgan Stanley, UBS and other institutions also believe that the AI market will drive the passive component industry.
Scale, AI servers and AI PC to 2026 will increase the overall potential market (TAM) for the MLCC of about $ 600 million to 2030 will be more than 1.1 billion U.S. dollars, mainly benefited from shipment growth driven.
In addition, UBS from the short-term inventory point of view, that in September to access inventory has increased to reduce, early September inventory has fallen 2% compared to the end of August, more than the end of 2022 peak decline of 19%, at a low level, the National Jumbo even more than the end of August fell 30%. In the replenishment of inventory demand strength is increasing, the passive component industry development is optimistic.
