the data center industry chain will continue to benefit from the demand for upgrading computing power brought about by the AI big model, and the user experience of AI applications will also continue to improve: AI drives the demand for servers, high-end chips and advanced packaging. according to the TrendForce forecast of the market research organization, cloud service providers such as Microsoft, Google, Amazon or Chinese enterprise Baidu have successively purchased high-end AI servers and invested heavily in training and strengthening their AI models, it will boost demand for AI chips and HBM and drive advanced packaging capacity to grow by 30-40% in 2024. TSMC plans to spend nearly NT $90 billion to set up an advanced packaging fab in Taiwan's Zhuke Tongluo Science Park. Mekong also announced that it will invest in HBM3 Gen2 advanced packaging research and development and manufacturing in Taiwan, China. Intel is optimistic about the opportunity of AI intelligence for personal computers. AI computers are expected to become a key turning point in the industry in the next few years, similar to Centrino Centrino and WiFi in the early 2000 s. The Meteor Lake CPU to be released in autumn will have a special AI computing engine to assist low-power AI computing and respond with low delay with tens of watts of power consumption.

mobile phone industry chain, passive components, etc. are expected to usher in a recovery, the overall prosperity of semiconductors is ushering in an upward inflection point, looking forward to a significant increase in the localization rate of new fab bids: IT panel prices are expected to rebound at the end of Q3, limiting the panel factory to turn a profit in the second half of the year. IT panel inventory adjustment is nearing completion, and prices showed signs of recovery in June. According to the quotation, the prices of 32-inch, 43-inch and 55-inch LCD TV panels in late July increased by 3% compared with early July. Except for a 0.2 increase in the price of 21.5-inch monitoring panels, the price of IT panels was basically the same in late July compared with the first ten days. Regarding the market situation in the second half of the year, market research organization Omdia said that although the demand is not very strong, the current industrial chain inventory level is low. It is expected that panel prices will rise slowly in the third quarter and remain flat in the fourth quarter. Panel factories have the opportunity to turn losses into profits in the fourth quarter.

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risk tips

downstream demand is less than expected; industry competition intensifies.