October 12, 2009 11:10 Asif Anwar
|I was honoured to be present at WIN Semi's 10th Anniversary last week. The event coincided with the company starting to publicly offer its shares before going for an IPO within the next 12 months or so. Strategy Analytics headlined the event and was followed by speakers from Renesas Technology (Kunio Kambayashi – Senior VP, Board Director), Anadigics (Mario Rivas – CEO) and Avago Technologies (Hock Tan – CEO).
Our presentation introduced GaAs technology to the audience highlighting GaAs as an enabling technology for a host of markets and applications within the realms of wireless, digital consumer, automotive, defense and scientific reseach. This was followed by a review of the GaAs industry to date, highlighting the differences between the 2001 and 2009 downturn and explaining why we believe the GaAs industry is now on the road to recovery. A forecast for the merchant GaAs market was presented as well as highlighting the key players in the GaAs device market and their respective market share in 2008.
Finally, we highlighted the history of the GaAs foundry industry from the early beginnings around 1999 - 2000, when everyone wanted to be the TSMC of the GaAs industry. Our analysis at the time predicted that only a few companies would survive, highlighting that success required deep investor pockets, a range of process technologies, a strong manufacturing base and a well defined technology roadmap. Fast forwarding 10 years, our prediction has indeed come true with WIN emerging as the largest pureplay GaAs foundry in the world, helped by manufacturing trends in the GaAs industry that are favoring outsourced manufacturing to provide manufacturing flexibility, higher margins and faster time-to-market. The presentation also highlighted some of the challenges and opportunities for GaAs foundries, with cost effectiveness and technology innovation an important part of the arsenal of GaAs foundries. We closed the presentation with projections for GaAs foundry revenue growth through 2013, highlighting strong growth for this sector.
There was a large contingent of suppliers and customers invited to celebrate WIN's 10th anniversary, with local press also present to cover the event.
One of the papers that covered the event was Digi-Times, which is the local newspaper specialized on IT news. The article is in Mandarin and needs to be accessed with passwords, but the link is below: