WTC — Investor Presentation 2018

May 24, 2018

Copyright © by Walsin Technology Corporation | All rights reserved.

Notes:

Investor Conference??Walsin Technology Corporation?(Stock code: 2492.TW)

Presented by ?Walsin Technology Corporation
May 24, 2018
Copyright © by Passive System Alliance | All rights reserved.

Contents

Financial Performances
Key Market Outlook
MLCC Overview
2018 Extra Focus & Opportunity

WTC Quarterly Financial Result of 2016~Q1/2018

In Million NTD Except NTD for Earnings Per Share

Note： 1. The weighted average number of outstanding shares applicable for Y2016 to Y2018 when calculating EPS are 545,469,744 shares and 506,173,297 shares and 483,474,162 shares, respectively.
2. Changes of YoY/QoQ gross profit, NOP, and net income were presented in differences of two percentages while the rest of the changes were displayed in growth ratio.

Notes:

Global Sales Trend (2013 ~ 2018 April)

100 Million (NTD)

2015~2018 Net Sales, Gross Profit & Operating Income Trend

In Million NTD

Notes:

NOP from Extra GP Trend

Notes:

Global Connected Car Market Updates

BI Intelligence expected connected car shipments to continue to rise from 33M in 2017 to over 77M by 2025.
As by value, per MarketsandMarkets’ research published in Feb. 2018, the connected car market is estimated to be USD 72.9B in 2017, and is projected to reach USD 219.2B by 2025, at a CAGR of 14.8% from 2017 to 2025.
Asia Pacific is expected to account for the largest market share, followed by Europe, North America, and rest of the world.
Convenient features, such as navigation, remote diagnostic, multimedia media streaming, and autopilot are expected to fuel the growth.
Global Connected Car Shipments

Data Source: OICA, AT&T Annual Report, Verizon Annual Report,
BI Intelligence estimates, Aug, 2017

Notes:

http://uk.businessinsider.com/toyota-and-intel-headline-new-car-data-consortium-2017-8

Toyota and Intel headline new car data consortium
Peter Newman Aug. 14, 2017

Toyota and Intel have joined with a number of technology and telecommunications companies to form the Automotive Edge Computing Consortium to tackle how best to handle the massive amount of data that connected and self-driving cars will generate in the coming years, reports Reuters.
This explosion in connected- and autonomous-car data will strain existing cloud-based networks, so it makes sense that big players in the space are looking for solutions.
BI Intelligence forecasts that automakers will ship over 3 million semi- and fully autonomous cars annually in the US alone by 2025. These cars, with their host of sensors and data processing systems, will account for much of the increase in data demands.
Another stressor on current data systems will be the growth of connected car shipments, which BI Intelligence expects to rise to 77 million globally by 2025.These vehicles will transmit operational data from cars back to manufacturers and their partners, but many of these cars will also include advanced safety features that use cameras and sensors that automakers will leverage to improve autonomous systems.
The influx of advanced vehicles will lead to 10 exabytes of data (or 10 billion gigabytes) moving between vehicles and cloud servers by that point. This volume of data would overwhelm existing data infrastructure.

The new consortium is looking to edge computing solutions to address the anticipated data surge. These solutions move computing power to the source, bypassing cloud servers to process data where it’s created. This reduces network congestion and avoids latency problems (the delay that comes from data and instructions going to and from the cloud). Another potential solution could come from the development of 5G networks, which could offer enough bandwidth to transmit this quantity of data back and forth. This would depend, though, on telecoms rolling out networks around the world to support such systems. Advanced vehicles are going to create challenges for companies in numerous, overlapping sectors, and these consortia are worth monitoring to gauge the direction of the industry.
BI Intelligence, Business Insider's premium research service, has compiled a detailed report on self-driving cars that:

Sizes the current and future self-driving car market, forecasting shipments and projecting installed base.
Explains the current state of technology, regulation, and consumer perception.
Analyzes how the development of autonomous cars will impact employment and the economy.

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http://www.businessinsider.com/amazon-alexa-integration-nissan-owners-voice-control-cars-2017-10

Amazon Alexa integration will soon let some Nissan owners control their cars with their voices
Rayna Hollander

Oct. 6, 2017

Amazon has partnered with Nissan to provide select Nissan owners with voice control, according to CNBC.
The Japanese automaker will roll out a new Alexa skill later this month, called NissanConnect Services, for car models that feature NissanConnect Services' telematics system, Nissan’s in-car software.
The skill will enable users to remotely control a majority of their vehicle's functions — like unlocking a car door, flashing the lights, and honking the horn — using simple commands. As Amazon continues to expand Alexa's reach, NissanConnect Services will enable the company to gain a foothold in one of the next big computing platforms.
Amazon has slowly been invading the burgeoning connected-car market. At the Amazon surprise event in September, the company revealed that its voice assistant will be supported in BMW’s cars beginning next year. And at CES 2017, both Ford and Volkswagen discussed the potential for Alexa connectivity.
Bringing Alexa to cars can boost usage of the voice assistant. Consumers with access to Alexa in their car may be more inclined to use Alexa over other digital assistants in the home and on-the-go, potentially enhancing adoption.
Amazon is looking to capture users in the connected-car market because in the near term, the car is the most likely to become the next big digital platform.
Connected cars are gaining traction. BI Intelligence forecasts connected car shipments to continue to grow at a steady clip in the coming years, rising from 33 million in 2017 to over 77 million by 2025.
The car is another avenue for consumers to interact with virtual assistants.Consumers tend to rely on voice assistants when they're in the home or on their smartphones; in-vehicle access could grow voice assistants' reach.
Of course, Amazon is not alone in eyeing the auto sector to expand the scope of its voice assistant. Google and Apple are also vying for the space as they race to join forces with as many automakers as possible. Google teamed up with Hyundai in January to add support for voice commands. Apple has integrated Siri into a variety of vehicles via Apple CarPlay.
Jessica Smith, research analyst for BI Intelligence, Business Insider's premium research service, has compiled a detailed report on the voice assistant landscape that:
Identifies the major changes in technology and user behavior that have created the voice assistant market that exists today.
Presents the major players in today's market and discusses their major weaknesses and strengths.
Explores the impact this nascent market poses to other key digital industries.
Identifies the major hurdles that need to be overcome before intelligent voice assistants will see mass adoption.

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https://www.marketsandmarkets.com/Market-Reports/connected-car-market-102580117.html

Connected Car Market by Service (Connected Services, Safety & Security, and Autonomous Driving), Form (Embedded, Tethered, and Integrated), Network (DSRC, and Cellular), End Market, Transponder, Hardware, and Region - Global Forecast to 2025
By: marketsandmarkets.com?Publishing Date: February 2018

The automotive industry is witnessing a high degree of innovations and disruptive technologies. Various technologies such as head-up displays, smart infotainment, telematics systems, and autonomous driving are becoming an integral part of high-end automobiles. With improved connectivity, a vehicle can interact with other entities, such as infrastructure as well as other vehicles, to share useful information, including driving habits, traffic congestion, shortest route, roadblocks, and fuel economy. Most of these technologies use real-time data and require regular updates, and are thus able to communicate operational and diagnostic data from onboard systems and connected devices.
The global connected car market, by value, is estimated to be USD 72.89 Billion in 2017 and is projected to reach USD 219.21 Billion by 2025, at a compound annual growth rate (CAGR) of 14.8% from 2017 to 2025. Some of the major drivers identified are increase in industry compliance norms and government mandates supporting connected technology in passenger cars. However, factors such as network coverage limitation, lag in lack of standardization, and concerns related to data privacy and cybersecurity may hinder the growth of the connected car market in the future.
The global connected car market is segmented by network, service, transponder, form, end market, hardware, and region. The report discusses various types of features, such as navigation, remote diagnostics, multimedia streaming, on-road assistance, eCall, and auto parking. The connected services segment is expected to account for the largest market share in the global connected car market, which would grow at a significant CAGR during the forecast period. The growth of connected car services is expected to be driven by an increase in demand for convenient features and increase in government mandates. Furthermore, to understand the type of end market, the report discusses the market for connected car under 2 distinctive end market types, namely, Original Equipment Manufacturer (OEM) and aftermarket. To understand the market in different forms, the connected car market is segmented into embedded, tethered, and integrated; by hardware into smart antenna, display, Electronic Control Unit (ECU), and sensors; by transponder into roadside unit and on-board unit; and by network into Dedicated Short-Range Communication (DSRC) and cellular. The extensive study has been done on 4 key regions, namely, Asia Pacific, Europe, North America, and the Rest of the World (RoW).
Asia Pacific is expected to account for the largest market share, followed by Europe, North America, and RoW. Asia Pacific is anticipated to remain predominant during the forecast period due to various factors, such as increasing connected car devices in passenger cars, and increase in digital services such as cybersecurity and updates. In terms of growth rate, North America is projected to exhibit the second highest CAGR during the forecast period. The growth in North America is anticipated to be driven by increasing government mandates and growing communication and information technology infrastructure, such as 4G LTE or 5G.
Some of the major restraints identified in the global connected car market are lack of supporting infrastructure in developing countries and unavailability of standard platforms. As of 2017, there is a significant increase in cybersecurity threats for smart vehicles. This factor may pose a challenge for the growth of the connected car market to some extent.
Some of the major players in the global connected car market are Bosch (Germany), Continental (Germany), Harman (US), Denso (Japan), ZF (Germany), NXP (Netherlands), Infineon (Germany), Valeo (France), and Delphi (UK). The last chapter of this report covers a comprehensive study of the key vendors operating in the connected car market. The evaluation of market players is done by taking various factors into account, such as new product development, R&D expenditure, business strategies, product revenue, and organic and inorganic growth.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Global 5G Market Updates

According to the latest research from Strategy Analytics, global 5G smartphone shipments will grow from 2M units in 2019 to reach 1.5B units in 2025.
The 5G category is anticipated to be the fastest-growing sector of the global smartphone industry for the next decade.
Global 5G Smartphone Shipments Forecast
Million of units

Data Source: Strategy Analytics,, Business Wire, Nov.28, 2017

Notes:

https://www.businesswire.com/news/home/20171128005056/en/Strategy-Analytics-Global-5G-Smartphone-Shipments-Reach

November 28, 2017
Strategy Analytics: Global 5G Smartphone Shipments Will Reach 1.5 Billion in 2025

BOSTON--(BUSINESS WIRE)--According to the latest research from Strategy Analytics, global 5G smartphone shipments will grow from 2 million units in 2019 to reach an impressive 1.5 billion in 2025. The 5G category will be the fastest-growing sector of the global smartphone industry for the next decade. Growth opportunities are huge for companies such as Qualcomm, Intel and Apple.

Neil Mawston, Executive Director at Strategy Analytics, said, “We forecast global 5G smartphone shipments to grow from 2 million units in 2019 to an impressive 1.5 billion in 2025. We forecast global 5G smartphone shipments to grow at an average annual rate of 250 percent between 2019 and 2025. The 5G category will be the fastest-growing sector of the worldwide smartphone industry for the next decade.”
Ken Hyers, Director at Strategy Analytics, added, “The next generation of smartphones that can access high-speed 5G mobile networks represents a huge growth opportunity for carriers, infrastructure suppliers, device vendors, chipset makers and software developers. We expect brands such as Qualcomm, Intel, InterDigital, Ericsson, Apple, Samsung, Vodafone and China Mobile to be among the companies at the forefront of the upcoming 5G smartphone wave.”
Boris Metodiev, Senior Analyst at Strategy Analytics, added, “We predict the first 5G smartphones to launch commercially in advanced mobile countries such as Japan, South Korea and United States by 2019. However, we caution that 5G technology standards today are not yet market-ready, while previous launches of 3G and 4G smartphones in the past often arrived much later than promised. The smartphone industry is understandably very excited about 5G right now, but history suggests early 5G products may well suffer technical or financial teething problems, and the industry should be prepared for future possible delays in initial smartphone or network launches of several months, perhaps up to a year.”
The full report, Global 5G Handset Shipments, Price & Revenue Forecast, is published by the Strategy Analytics Emerging Device Strategies (EDS) service, details of which can be found here: http://tinyurl.com/yd8ugncy.
About Strategy Analytics:
Strategy Analytics is a global, independent research and consulting firm. The company is headquartered in Boston, USA, with offices in the UK, France, Germany, Japan, South Korea, Taiwan, India and China. Visit www.strategyanalytics.com for more information.
Contacts
Strategy Analytics?Americas Contact:?Ken Hyers, +1 617-614-0757?KHyers@strategyanalytics.com?or?EMEA Contact:?Boris Metodiev, +44 1908 423 698?BMetodiev@strategyanalytics.com?or?Asia Contact:?Neil Mawston, +44 1908 423 628?NMawston@strategyanalytics.com

Global LED Lighting Market Updates

Per LEDinside, the global LED lighting is expected to reach USD 54.28B by 2022, growing at a CAGR of 13% (2017~2022)
Residential accounted 40% of the market
Outdoor application such as roadways, traffic lights, tunnels, and parking lots is expected to provide significant growth.
Stage lighting market increased by 14% to USD 745M in 2017 from 655M in 2016
LED Lighting Market Value Forecasts

Data Source: LEDinside, Jun. 7, 2017

Notes:

https://www.sylodium.com/en/news/africa-is-expected-to-show-remarkable-growth-in-led-industry/2108

LED Lighting Market Is Set for a Rapid Growth and Is Expected to Reach USD 54.28 Billion by 2022
Zion Market Research has published a new report titled "LED lighting Market for Residential, Architectural and Outdoor Applications: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 - 2022". According to the report, the global LED lighting market accounted for USD 26.09 billion in 2016 and is expected to reach USD 54.28 Billion by 2022, growing at a CAGR of around 13% between 2017 and 2022.
Light-emitting diodes (LEDs) are lighting sources for general lighting applications with ten times as efficient as compared to incandescent lighting. Such attribute combined with their long working life and reliability has made them the suitable choice for next generation of lighting systems including emergency, backlight, automotive, indoor and outdoor.
To ensure accurate operation and to control the light intensity, LEDs need an efficient driver, normally implemented by power electronics-based conversion stages to match the LED characteristics with the AC grid voltage and to generate a controllable and high-quality light
Benefits offered by LED lights over incandescent and fluorescent lamps is the major factor driving the LED lighting market growth. In additions, the energy efficiency of LED lights, higher brightness, and longer life span are some of the major reason offers tremendous market opportunities for LED lighting in coming years.
Continuous new product introduction by manufacturers such as Philips and GE with innovative technology are attracting the customer globally. However, the high production cost is expected to have an adverse impact on LED lighting market. Nonetheless, screen and display backlighting market development are likely to open new doors for the LED lighting demand.
Residential application segment dominated the LED lighting market and accounted over 40% of market share of in 2016. Residential applications for LED lighting include lighting for bathrooms, hallways, dining rooms and kitchens. Increasing use of LED lighting for outdoor application such as roadways, traffic lights, tunnels, parking lots, and garages is expected to provide significant growth opportunities to this market in coming years. The architectural application includes both functional and decorative lighting. Decorative LEDs are used to light up pools, gardens, fountains, and statues. The functional application includes landscaping and building facades.
Europe emerged as dominating the regional market for LED lighting in 2016 and accounted over 31% of market share. North America & European market is expected to show considerable growth in outdoor and residential application segments. LED lighting market has huge growth opportunity in the emerging markets of Asia Pacific due to tremendous demand from residential application segment. The Middle East and Africa is expected to show remarkable growth in coming years.
LED Lighting market is dominated by some of the key participants such as Cooper Industries Plc, Osram Opto, Cree Incorporation, Zumtobel AG, Toshiba Corporation, Philips Electronics N.V., Digital Lumens, Inc. and GE lightings.
Zion Market Research is an obligated company. We create futuristic, cutting edge, informative reports ranging from industry reports, company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles.

Global Smartphone Market Updates

Global Smartphone Shipments Forecast
According to IDC, global smartphone shipments will grow from 1.5B units in 2017 to 1.7B units in 2021.
Phablets to overtake regular smartphone shipments by 2019, and expect to Hit 1B units by 2021
China will remain the largest market for large-screen smartphones and to grow at a CAGR of 12.6%

| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| --- | --- | --- | --- | --- | --- | --- |
| million units | 1,473 | 1,472 | 1,586 | 1,642 | 1,697 | 1,710 |
| Growth | 2.5% | -0.1% | 7.7% | 3.6% | 3.3% | 0.8% |
Data Source: IDC, November 29, 2017

Notes:

https://www.statista.com/statistics/263441/global-smartphone-shipments-forecast/

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https://www.businesswire.com/news/home/20171129005220/en/Phablets-Overtake-Regular-Smartphone-Shipments-2019-Phablets

Phablets to Overtake Regular Smartphone Shipments by 2019, with Phablets Expected to Hit 1 Billion Units by 2021, According to IDC

November 29, 2017 08:30 AM Eastern Standard Time

FRAMINGHAM, Mass.--(BUSINESS WIRE)--According to a new forecast from the International Data Corporation (IDC) Worldwide Quarterly Mobile Phone Tracker, overall smartphone shipments will steadily grow from 1.5 billion units in 2017 to 1.7 billion units in 2021. Meanwhile, phablets (smartphones with a screen size of 5.5 inches to <7 inches) will far outpace total market growth by climbing from 611 million units in 2017 to 1 billion units in 2021, representing a five-year compound annual growth rate (CAGR) of 18.1%. In comparison, the total smartphone market is expected to grow at a 3.0% CAGR during the same period, while normal smartphones (under 5.5 inches) will decline 7.4%. Overall, IDC lowered its previous forecast for 2018-2021 by 1.1%-1.5%,depending on the year. The largest changes came in the China and Middle East & Africa regions, which are still expected to grow through 2021.

Android-based phablets have been the primary driver of large-screen smartphones and IDC expects this trend to continue in the years to come. Samsung's early dominance of the phablet category has been short lived as other OEMs – many of which are Chinese OEMs - quickly pushed the category into the mainstream and even low end. As a result, China consumed 50% of the 437.4 million phablets shipped in 2016. IDC expects China will remain the largest market for large-screen smartphones and to grow at a CAGR of 12.6%.
"In 2012, phablets were just 1% of smartphone shipments and now they are approaching 50% of the market just a few years later," said Ryan Reith, program vice president with IDC's Worldwide Quarterly Mobile Device Trackers. "The rapid transition to bezel-less smartphones will help minimize the device footprint while growing the screen size from previous generations. Consumers continue to consume more video entertainment, gaming, social media, and other data-heavy applications on their smartphones making the display size and type a critical factor in smartphone buying decisions."
Apple has also made a massive push into the phablet space and IDC expects its Plus and X devices to account for 41.2% of its shipment volume in 2017 and 50% or more of Apple's iPhone shipments in 2018. If the recent rumors of new, larger screen iPhones in 2018 hold true, then this number will likely grow further as a share of its overall shipment volume.
"There is no doubt that 2017 gave birth to the new ultra high-end segment of the smartphone market," said Anthony Scarsella, research manager with IDC's Worldwide Quarterly Mobile Phone Tracker. "The latest flagship devices from Samsung, Apple, Google, LG, and others has pushed the high end to the $850-plus level for the first time. Despite these price hikes, consumers look as if they are willing to swallow the cost just to have the latest and greatest device in their pockets. Although many consumers may not be able to afford these devices in more price sensitive markets, programs such as device financing combined with trade-in policies are making these devices more attainable to buyers in a number of markets. This growth at the ultra high end translates to higher average selling prices (ASPs) for smartphones throughout the forecast period. By 2021, the last year of our forecast, smartphones will reach an ASP of $317, up from $282 in 2016, representing a CAGR of 2.3%."
Platform Highlights
Android: Android-powered smartphones have already captured 85% of total market volume and IDC expects this share to remain relatively stable throughout the forecast. What has changed is the vendor landscape with OEMs that have more market history feeling intense pressure from a range of up and coming vendors focused on tight inventory control and new go-to-market strategies. Despite Android smartphones having such a high share of the market, volumes are still expected to grow from 1.3 billion in 2017 to 1.5 billion in 2021, which represents a five-year CAGR of 3.2%.
iOS: Apple's launch of the iPhone 8/8+ and X in late 2017 set the company up to return to iPhone volume growth in 2017. IDC expects an even bigger rebound in 2018 as channels fill up with inventory of the new models and as price cuts around earlier models enable it to hit lower price points. Coming off the 7% decline in iPhone shipments in 2016, IDC is forecasting growth of 2.4% in 2017 and 8.1% in 2018. IDC also projects sustained growth for Apple through the later years of the forecast with volumes growing at a five-year CAGR of 3.1%.

Worldwide Smartphone Platform Shipments, Market Share, and 5-Year CAGR, 2017 and 2021

Source: IDC Worldwide Quarterly Mobile Phone Tracker, November 29, 2017
* Table Note: All figures are forecast projections.
In addition to the table above, a graphic illustrating worldwide phablet and regular smartphone market share and overall smartphone shipment growth for the 2016-2021 forecast period is available by viewing this press release on IDC.com.
About IDC Trackers?IDC Tracker products provide accurate and timely market size, vendor share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and on-line query tools.

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https://www.idc.com/getdoc.jsp?containerId=US43319318

Worldwide Smartphone Forecast Update, 2017–2021: December 2017

Abstract
This IDC study presents the updated five-year forecast for smartphone shipments worldwide by device vendors. The worldwide smartphone market will reach a total of 1.49 billion units shipped in 2017, up 1.2% from the 1.47 billion units shipped in 2016. From there, shipments will reach 1.71 billion units in 2021, the final year of our forecast period, resulting in a CAGR of 3.0%.
"2017 has brought a plethora of high-priced feature-rich smartphones to the market that has given consumers a wealth of options at the new ultra-high-end segment of the smartphone market," said Anthony Scarsella, research manager with IDC's Mobile Phones team. "The latest flagship devices from Samsung, Apple, Google, LG, and others have pushed the high end to the $850+ level for the first time. Despite these price hikes, consumers look as if they are willing to swallow the cost just to have the latest and greatest device in their pockets. Although many consumers may not be able to afford these devices in more price-sensitive markets, programs such as device financing combined with trade-in policies are making these devices more attainable to buyers in some markets. This growth at the ultra-high-end segment translates to higher average selling prices (ASPs) for smartphones throughout the forecast period. By 2021, the last year of our forecast, smartphones will reach an ASP of $317.12, up from $282.49 in 2016, representing a CAGR of 2.3%."

Global IoT market updates

The number of IoT connections will increase at a CAGR of 16% from 6 billion in 2015, to 27 billion by 2025.
The global IoT market will grow from US $157bn in 2016 to US $457bn by 2020, at a CAGR of 28.5%
The global IoT market share will be dominated by three sub-sectors; Smart Cities (26%), Industrial IoT (24%) and Connected Health (20%). Followed by Smart Homes (14%), Connected Cars (7%), Smart Utilities (4%) and Wearables (3%).
Global IoT Market Size Forecast

Data Source: GrowthEnabler, April, 2017

Notes:

https://growthenabler.com/flipbook/pdf/IOT%20Report.pdf

The number of IoT connections will increase at a CAGR of 16% from 6 billion in 2015, to 27 billion by 2025.

The global IoT market will grow from US $157bn in 2016 to US $457bn by 2020, at a CAGR of 28.5%

The global IoT market share will be dominated by three sub-sectors; Smart Cities (26%), Industrial IoT (24%) and Connected Health (20%). Followed by Smart Homes (14%), Connected Cars (7%), Smart Utilities (4%) and Wearables (3%).

2017 Walsin Sales Breakdown by Region & Channel

2017 Revenues Breakdown by Channel
2017 Revenues Breakdown by Region

Chart

Category	%
Private Label	0.05790247634564004
Distribution	0.4237361400113742
Direct customers	0.5169193448578379
Others	0.0014420387851479355

Chart

Category
Great China	16995695.0
Asia	2968926.0
Europe	802250.0
America	878592.0

Notes:

2016 vs. 2017 YoY growth%
Great China 38%
Asia 56%
Europe -10%
America 64%

2017 Walsin Sales Breakdown by Segments

2017 Sales by Segments

Chart

Category
Automotive & Specialty	0.055020186775995725
Networking	0.2922575454201061
Industrial	0.30792258057223515
PC&P	0.22244902649720952
Consumer	0.11793228398459012
Others	0.004418376749863473

MLCC Overview :

Market demand :
Automotive electronics : + 30%/annually or more due to ADAS mainly.
Consumer: booming in Smart White Goods segment
Gaming, data mining and graphic card surge.
Industrial control units and Lighting Industry strong demand
Networking device getting benefit from IOT, 5G and smart device, server storage.
Japan MLCC Suppliers selectively focus on automotive and high cap MLCC that result in a tight supply to the market.

MLCC Overview :

WTC MLCC key steps :

Expand production capacity of MLCC and re-tune the product ratio to increase gross profit. Leverage in-house powder, machine, and manufacturing capabilities to increase specialty output.
Continue R&D focus with High Cap, High Q/Frequency, High power series and other precision versions.
The MLCC growth pattern will reflect the global volume demand uptrend.
2018 continuous investment to well match end-use market demands and to capture new customer opportunities that result from supply strategy change of Japan/Korea MLCC suppliers.
Enhance profit and expand product capacity to capture high value and high margin customer mix.

2018 Extra Focus & Opportunity

Japanese Key Account Opportunity
Automotive Electronics Opportunity
Integrate Walsin-Kamaya Japan Sales and Marketing Platform
New Product Opportunities – high cap, thin film, low ohm
RF Components Opportunity

Notes:

Thank you