When? Reaching the elusive ‘bottom’ and beginning recovery
ries in 2008.—NPD Group on year to 9.38 million units in 2008, BreconRidge received AS9100 aerospace
Consumer electronics: sales likely to remain sluggish in ‘09. registration.
• holiday sales declined 5.7% in • test & measurement market BYD Electronics began OEM netbook
2008.—NPD Group growth rate was above 10% in 2008. production.
• output to drop by 6.4% in CCK Automations received US $250,000
2009—Henderson Ventures eMs, oDM & related assembly activi- in loans for an additional PCB line and to
• US consumer electronics ship- ties hire more employees from the Jacksonville
ments to generate US $171 billion in ACW joined the SC21 aerospace and de- city council.
2009—CEA fense supply chain improvement program. Celestica will close its Arden Hills PCBA
• China: AFL Hungary laid off 700 workers. plant by November 2009.
• cell phone market to grow 7.7% in Aros Quality acquired Segerström Automo- Computrol (Idaho EMS company) acquired
2009—iSuppli tive, Eskilstuna, Sweden. Wolf Electronix.
• handset shipments reached almost Asus deferred plans for a US $10-million Dynatech Technology moved its corporate
174 million in 3Q08, up 6% on year—IT computer components manufacturing unit headquarters, order processing and logistic
IS in India. operations from its Horsham office to
• population of Net users hits 298 Axiom Electronics received AS9100 and Edgewood, NY.
million. ESD S20.20-2007 certification. Elcoteq
• Q1-Q3 desktop PC market sales Benchmark Electronics: • appointed Vitali Vunsh GM of Elcoteq
volume reached 16.682 million sets, up • received International Aerospace Qual- Tallinn.
by 8.2% y/y, while sales revenues stood ity Group (IAQG) AS9100 certification • closed plants in Arad (Romania); Rich-
at 64.12 billion Yuan, up only by 1.2% at its Ayudhaya, Thailand, facility. ardson, TX; and St. Petersburg (Russia)
y/y. • built and delivered a supercomputer sys- and consolidated its Shenzhen (China)
• sales of domestically built cars and tem with Cray for Oak Ridge National plant to Beijing (China).
commercial vehicles rose only 6.7% year Laboratory. • cut 5,000 positions including 30 jobs
20090221 20090221
Large Semiconductor Suppliers
Semiconductor Fab, Test & Measurement
Composite of 18 Public Companies
Composite of 13 Public Companies
Revenue, Net Income & Inventory
-36%
Revenue, Net Income & Inventory
-62%
Guidance
1Q'09/1Q'08
$ Billions Q1'09/Q1'08
US$ Billions @ fluctuating exchange
25
8.0
Guidance
Preliminary estimate based upon incomplete 4Q'08 actual and 1Q'09 guidance
-24%
Preliminary based upon incomplete 4Q'08 data
-31%
20
6.0
15
4.0
10
5
2.0
0
0.0
-5
3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1
-2.0
00 01 02 03 04 05 06 07 08 09
3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1
Revenue 21 21 17 14 14 14 14 14 14 15 14 15 16 18 18 19 19 20 19 20 21 22 20 20 21 22 20 20 23 24 21 22 23 18 14
00 01 02 03 04 05 06 07 08 09
Income 5 4 1 -1 -2 -1 0 -0 0 -1 1 1 2 3 2 3 3 3 3 3 3 4 3 4 3 2 2 1 3 0 2 1 3 -4
Revenue 7.5 6.8 6.4 5.4 4.5 3.8 3.9 4.2 4.6 3.8 4.0 4.0 4.2 4.7 5.6 6.1 6.1 5.4 5.4 5.2 5.0 5.1 5.7 6.1 6.1 5.8 6.0 6.3 6.3 5.8 5.8 5.3 5.3 4.0 2.2
Inventory 6 7 7 7 6 6 6 6 6 6 6 6 7 7 8 8 9 8 8 8 8 8 9 10 10 10 11 10 9 9 10 10 10 10
Income 1.4 0.2 0.7 0.1 0.0 -0.4-0.3-0.1-0.4-1.0-0.3-1.6-0.1 0.2 0.6 0.8 0.8 0.5 0.5 0.4 0.4 3.3 0.7 1.0 0.9 0.8 0.7 1.0 0.9 0.6 0.6 0.5 0.5 -0.3
CY
Inventory 4.5 5.4 5.2 4.9 4.5 4.1 3.9 3.9 3.8 3.7 3.4 3.2 3.0 3.1 3.4 3.5 3.6 3.7 3.4 3.4 3.3 3.0 3.0 3.4 3.3 3.6 3.7 3.6 3.5 3.5 3.8 4.0 4.1 4.3
STM Applied Materials, KLA-Tencor, Novellus Systems, Agilent Technologies, BTU International, FEI Co,
Actel, AMD, Altera, Anadigics, Analog Devices, Atmel, Conexant, Cypress, Fairchild, Intel, Intersil, Linear
IBIS Tech, Kulicke & Soffa, MKS Instruments, Teradyne, Ultratech Stepper, Varian Semiconductor
Technologies, LSI Logic, Microsemi, National Semi, On Semi, STMicro, Texas Instruments
Equip, Veeco Instruments
Chart 7. Chart 8.
20090221 20090222
Large Global EMS Providers
Large EMS Providers
2007 vs. 2008 Sales ($M)
Composite of 10 Public Companies
2008/2007
2007 2008 Growth %
Quarterly Revenue Growth
Hon Hai (Foxconn) Taiwan 37,670 46,623 24%
Flextronics+Solectron Singapore 33,552 33,141 -1% 60.0
Jabil Circuit USA 12,435 12,794 3%
Celestica Canada 8,070 7,678 - 5%
Preliminary estimate based upon incomplete 4Q'08 actual data
Sanmina-SCI USA 8,560 6,844 - 20% 40.0
Elcoteq Network Finland 5,551 5,060 -9%
Excludes Foxconn
Venture Mfg Singapore 2,571 2,679 4%
Benchmark Elec+Pemstar USA 2,916 2,590 -11%
20.0
Plexus USA 1,624 1,839 13%
Universal Scientific Taiwan 1,078 798 -26%
Sypris USA 436 411 -6%
0.0
-20.0
Total 114,463 120,458 5%
-40.0
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
Sources: Company data
01 02 03 04 05 06 07 08
Benchmark+Pemstar, Celestica, Elcoteq, Flextronics+Solectron, Jabil, Plexus, Sanmina-SCI, Sypris,
Local currency converted at fluctuating exchange
Universal Scientific, Venture Mfg
Chart 9. Chart 10.
26 – Global SMT & Packaging – March 2009
www.globalsmt.net
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