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Jabil's Global Commodity Intelligence Archive
Q2 2022
Jabil's Global Commodity Intelligence Archive
Q2 2022
PCB COMMODITIES
PRINTED CIRCUIT BOARDS
- Average lead times have reduced to 12 weeks from 18 weeks
- Raw material lead times have reduced to 2-3 weeks however, certain material types are still at 8 weeks.
- Capacity in Chinese PCB factories is running at 80% – 90% with limited availability to support upsides for certain market sectors.
- Major China-based manufacturers have raised $1.6b in capital for investment in capacity expansion. Most of the investments raised will be to support the manufacturing of FCBGA substrates, MLB and HDI expected to be online in Q1’23.
- Iteq will undergo Phase III expansion at its Jiangxi plant beginning 2022. Capacity for CCL could increase to 1.2m sheets per month and capacity for prepreg could expand to 5M m2 per month. These new capabilities will be in full production by Q1 2023.
- China’s CCL maker Shengyi Technology is also scheduled to install new high-performance equipment at its production lines in the first half of 2022.
- AKM Meadville acquired a 60% stake in AKM Industrial for HK$1.68 billion
- Dupont Interconnect solutions completed the expansion project at its Circleville, Ohio manufacturing site. The 250m investment expands production of Kapton® polyimide film and Pyralux® flexible circuit materials.
- Diversification into new market segments is ongoing and major investment plans especially in IC substrates. Other investment areas are for HDI and high-speed and high frequency boards.
- Market View
- Automotive – EV & Intelligent drive remains strong.
- Industrial – Stable.
- Consumer – Demand drop, related to supply chain shortages.
- Medical – Stable.
- Telecommunications – Infrastructure demand is stable, awaiting 5G boost.
- Cloud, Compute & Storage – Increasing rapidly. Requirement for high-speed boards, PCB manufacturers have been working on approvals of special material to support.
- We forecast price increases will remain prevalent into Q2 of CY2022, normalizing the potential cost reductions could be offered in Q4.
- PCB suppliers are still very wary of the downstream supply chain and related volatility primarily impacted by the current geopolitical situation and how the raw material (Copper/Oil/Gold) pricing can alter the CCL price. Increased capacity in the CCL market is creating small reductions in price for high consuming products.
- Material price trend forecast by Prismark: CCL price expected to slowly decline in the second half of 2022
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