Sony產能因iPhone 16將採更多堆疊設計CIS而持續緊張至2025，有利韋爾領先手機產業觸底並恢復成長與產品組合快速改善 / Sony’s capacity will remain tight until 2025 as iPhone 16 will adopt more stacked design CIS, which is beneficial for Will Semi to lead the smartphone sector to bottom out and resume growth, and rapidly improve product mix
2 min readAug 4, 2023
- 繼2H23兩款iPhone 15標準版後，兩款2H24 iPhone 16 Pro也將採用堆疊設計CIS，故Sony高階CIS產能供應將持續緊張至2025年，有利韋爾持續取得更多中國智慧型手機品牌商高階CIS的訂單 (design-in & design-win)。
- 韋爾在1H23的CIS出貨量因庫存調整而持續衰退，但因庫存回補與市佔率提升，該公司自2H23開始領先手機終端觸底並恢復成長。2023年韋爾CIS出貨量將顯著改善至恢復成長約8% YoY (vs. 2022年的約40% YoY衰退)，優於手機與大部分的手機零組件出貨。
- 因Sony高階CIS產能持續吃緊，故韋爾高階CIS (48MP+) 市佔率持續快速提升，預期2H23高階CIS出貨量將成長約50% HoH至3,600萬片。當中，3Q23與4Q23出貨量分別約為1,600萬片與2,000萬片。受益於2H23訂單顯著增加，韋爾高階CIS在2023年出貨量將成長約35% YoY。
- 韋爾高階CIS中，主要貢獻來自OV50A、OV50E、OV50H與OV64B，上述CIS取代了許多Sony訂單。
- 展望2024年，因持續受益於Sony高階CIS產能緊張，韋爾整體CIS與高階CIS出貨量預期將分別成長約15–20% YoY與40–50% YoY。因整體出貨與產品組合持續改善，預期營收與利潤將自2H23開始顯著成長。
- Following two 2H23 iPhone 15 standard models, two 2H24 iPhone 16 Pro models will also adopt stacked-designed CIS, so Sony’s high-end CIS capacity will continue to be tight in 2024, benefinting Will Semi to continue to obtain more orders for high-end CIS from Chinese smartphone brands (design- in & design-win).
- Will Semi’s CIS shipments declined YoY in 1H23 due to inventory corrections, but due to inventory restocking and market share gains, the company will bottom out ahead of smartphone (end device) and resume growth from 2H23. Will Semi CIS shipments will improve significantly in 2023, growing by about 8% YoY (vs. a decline of about 40% YoY in 2022), which is better than smartphones and most components.
- As Sony’s high-end CIS capacity remains tight, Will Semi’s high-end CIS (48MP+) market share will continue to grow rapidly. It is expected that 2H23 high-end CIS shipments will increase by about 50% HoH to 36 million units, and shipments in 3Q23 and 4Q23 will be about 16 million and 20 million units, respectively. Benefiting from the significant increase in orders in 2H23, Will Semi’s high-end CIS shipments in 2023 will grow by about 35% YoY.
- Among Will Semi’s high-end CIS, the main contributions come from OV50A, OV50E, OV50H and OV64B. The above mentioned CIS replaced many orders from Sony.
- Looking forward to 2024, thanks to the tight capacity of Sony’s high-end CIS, Will Semi’s total CIS and high-end CIS shipments are expected to grow by about 15–20% YoY and 40–50% YoY, respectively. With the continued improvement in total shipments and product mix, sales and profit are expected to grow significantly from 2H23.
