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Figure 6: Top 25 OSATS: 2019 revenue (in M$). SOURCE: [1]
technologies; and 4) M&As among players to catch up, otherwise, they risk being increased to US$28.1 billion in 2019 from
involved in similar business and market acquired, or going out of the business. US$27.9 billion in 2018. ASE represented
segments. Scenarios #1, 2 and 3 are more In 2019, ASE became a mega-OSAT almost 50% of the total OSAT revenue
likely to happen, while #4 is less likely. outranking its peers with US$13.7 billion and ASE, Amkor, and JCET combined
in revenue. The SPIL acquisition was represented 74% of total OSAT revenue.
Financial ranking within top 25 finalized and USI’s ~10% YoY revenue OSAT R&D spending in 2019 rose slightly
OSATS growth in 2019 was able to shield it to US$1.31 billion from US$1.29 billion
Large OSATS have become separated from YoY reduction compared to other despite sluggish demand in 1H’2019.
from the rest. The top 8 OSATS continued OSATS, such as Amkor and JCET. In OSAT CapEx spending in 2019 remained
with heavy investment in CapEx and R&D. 2019, with SPIL included within ASE, at 2018 levels, around US$5.5 billion [1].
The top OSATS with large investments Lingsen Precision Industries became the
have created a disparity with the rest of the #25 OSAT in ranking. TSMC’s position References
pack. The top 8 OSATS now include three remained #4 at around US$2.8 billion 1. “Status of Advanced Packaging
manufacturers headquartered in China for 2019 as it strengthened its InFO-x I n d u s t r y 20 20 r e p o r t ,” Yole
(Figure 6). UTAC maintained its 8th offerings with 5G deployment. Taiwanese Développement, 2020.
spot. Companies in the tail of the chart in OSATS continued to gain share of the 2. “Application Processor Quarterly Market
Figure 6 are at a higher risk if there is no worldwide OSAT market compared to Monitor, Yole Développement, Q3 2020.
differentiated technology or IP for merger other countries at 55% in 2019 as ASE 3. “Advanced Packaging Quarterly Market
and/or acquisition as an exit strategy. rose to new heights with new capabilities Monitor Q3,” Yole Développement,
Players not within the top 8 rankings need and record revenue. Total OSAT revenue October, 2020.

Biographies
Favier Shoo is a Technology and Market Analyst in the Semiconductor & Software division at Yole
Développement, part of the Yole Group of Companies. Based in Singapore, he is engaged in the development
of technology and market reports, as well as the production of custom consulting reports. He holds a Bachelor’s
in Materials Engineering (Hons) and a Minor in Entrepreneurship from Nanyang Technological U. (NTU)
(Singapore). He was also the co-founder of a startup company. Email: favier.shoo@yole.fr
Santosh Kumar is a Principal Analyst and Director Packaging, Assembly & Substrates for Yole
Développement’s activities in Korea. Based in Seoul, Santosh is involved in the market, technology and
strategic analyses of the microelectronic assembly and packaging technologies. He received Bachelor’s and Master’s Degrees in
Engineering from the Indian Institute of Technology (IIT), Roorkee, and the U. of Seoul, respectively. He has published more
than 40 papers in peer reviewed journals and has obtained two patents.

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