Debut at the 2024 Wuhan Electronics Show to meet the semiconductor warming tide, and create real technology to show a gorgeous transformation blueprint
Time:2024-06-08
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Source: Creative Technology Author: Creative Technology
"Warming" is the common expectation of all practitioners in the semiconductor field for 2024. Many research institutions did give a positive reply at the beginning of the year, although everyone‘s forecast value is not the same, but to achieve double-digit growth basically reached a consensus. Taking the World Semiconductor Trade Statistics Organization WSTS as an example, it predicts that the global semiconductor market will achieve a growth of about 13% in 2024.
"The term ‘cyclical rebound‘ should be more in line with market changes in 2024, such as the global electric vehicle market all the way or will temporarily slow down, at the same time, the rapid iteration of AI large models is reshaping the server market with unprecedented strength, and with it awakening a new wave of demand in the field of smartphones and laptops," Alice, General manager of Shenzhen Chuang Technology Co., LTD. (hereinafter referred to as "Chuang Technology" or "Cytech Systems"), a leading electronic components distributor in the industry, recently attended the 2024 Wuhan International Electronic Components, Materials and Production Equipment Exhibition (Electrontech China 2024). Hereinafter referred to as "Wuhan Electronics Exhibition") analyzed the deep driving force of this round of market recovery.
FIG. 1. Shenzhen Chuangshi Technology Co., Ltd. appeared at Hall B3 - Booth B323 of Wuhan Electronics Exhibition 2024
Wuhan Electronics Exhibition, as one of the important Windows to see through the changes in the semiconductor industry, is not only a bright stage for technological innovation and product competition, but also a wind vane indicating the future orientation of the industry. On the one hand, this exhibition means that the company‘s products and innovative solutions are presented to the industry, and on the other hand, it is also a valuable opportunity to deeply discuss with upstream and downstream how to seize opportunities in the new market cycle, lead the trend, and drive innovation.
Participating in Wuhan Electronics Exhibition for the first time, understanding the trend + grasping the opportunity is the driving force
With the advancement of a new round of scientific and technological revolution and industrial transformation, China is accelerating the digitalization and intelligent transformation of traditional industries, which not only improves production efficiency, but also promotes the development of new business forms and models. "Accelerating the formation of new quality productivity and building a modern industrial system" proposed by the Central Economic Work Conference in 2023 is not only an important task of economic work in 2024, but also a task of cultivating new drivers of economic growth in the long term. Based on this background, China‘s central and western regions are relying on their own resource advantages and industrial bases with regional characteristics, by building national strategic emerging industrial clusters and advanced manufacturing clusters, such as electronic information, aviation, etc., to promote the agglomeration and development of local industries.
It is reported that this is also the first time to participate in the Wuhan Electronics Exhibition, it is the perception of China‘s industrial transformation and upgrading of the general trend and the rise of the Midwest electronics cluster, the driving force of the exhibition is derived from the trend direction and the desire to grasp the opportunity. The current Wuhan Electronics Exhibition also attracted professionals from industrial electronics, automotive electronics, medical electronics, Internet of Things, communications and other fields, 400+ exhibitors gathered in 20000 square meters + exhibition scale, attracting 20000+ professional visitors to watch. "This exhibition can really help us gain insight into the development trend of the electronics industry in the Midwest and even in the country and the world, further expand market opportunities, and enhance our brand awareness while enhancing industry exchanges," Alice added.
Figure 2. Alice, General Manager of Cytech Systems
AI enables multi-industry growth, how to grasp the distribution opportunity?
Despite the recovery from the trough, the semiconductor distribution market in 2024 still has challenges and opportunities, such as supply chain volatility: Due to the cyclical nature of the semiconductor industry, the distribution market in 2024 is likely to continue to experience supply and demand volatility, Alice said, "Since 2024, the client and semiconductor supply chain continued to reduce inventory, and achieved significant results." However, due to the impact of economic instability, the market is short of materials scattered. At the same time, recent sources such as raw materials and processing costs have begun to show an upward trend, and there may be shortages in some specific areas in the future."
Another example is the improvement of market concentration: as the concentration of electronic components distribution market may be further improved, large distributors expand market share through mergers and acquisitions, forming a "strong constant strong" pattern; For example, geopolitical influence: political factors such as economic strategy game and export control may affect the global layout of the semiconductor industry, and then affect the supply chain and business model of the distribution market; Another example is technology-driven: growing demand for AI and high-performance computing will drive innovation in the semiconductor industry, bringing new growth opportunities to the distribution market...
The rapid development of large models and generative artificial intelligence technology is profoundly affecting all walks of life with an unstoppable trend, from automobiles, consumer electronics to medical health, industrial control, etc., all of which show the strong demand for AI intelligence integration, which in turn further promotes the development of the communications market. "In the semiconductor market, because the iterative development of AI is inseparable from the collection, calculation, training and transmission needs of massive data, this will further promote the iterative upgrade of computing power and network, Pull the AI data center and edge high-speed computing in a large number of types of chips such as CPU, GPU, FPGA, ASIC, HBM memory, 3D NAND, DDR5, Ethernet PHY chip, power management chip, etc., these will be the opportunity to create real technology, "Alice stressed," the key is how to grasp!"
Keeping up with market changes, Chuangshi Technology is actively expanding its agent line, such as Renesas, Reneng, Shengbangwei and other product lines, looking forward to more cooperation opportunities in the fields of communication, industrial control, medical electronics and other fields that are first enabled by AI, and at the same time bring more innovation, efficiency and value to the corresponding industry.
Self-transformation, how to stand out in the current distribution changes?
"Technology-based distribution capabilities" have become a more certain path. It is reported that Chuangshi Technology has no longer emphasized itself as an independent distributor. "The current changing market environment requires us to build ourselves into a component application innovation and modern supply chain integrated service platform integrating electronic component distribution, technology chain services, supply chain coordination services and data services," Alice stressed.
In terms of creative technology, the improvement and embodiment of comprehensive service capabilities urgently need to be known to the industry through multiple Windows. While continuously enriching the agent line, Chuangshi Technology has also added a new scheme design business supported by the original factory since April this year. In the current lack of stability in the distribution business, expanding the agent line and carrying out Design-In service can further stabilize the relationship with the original factory and obtain active support.
Figure 3. Chuangshi Technology and part of the agent line products to participate in the 2024 Wuhan Electronics Exhibition
"Customer-centric, all-round customer empowerment" has always been the purpose of Chuangshi technology. On the occasion of the exhibition at the 2024 Wuhan Electronics Exhibition, it also further demonstrated to the industry its continuous iteration and self-innovation in the operating model over the years.
From the initial simple distribution business, we started to dabbled in testing services in 2022. Adhering to the commitment of "quality is the lifeline", we have set up 3 testing laboratories in Hong Kong and Shenzhen, strictly following international testing standards such as AS6081, AS6171, and IDEA-STD-1010-B. Up to now, it has successfully passed the relevant certification and can provide customers with a series of complete inspection services covering packaging inspection, appearance inspection, X-Ray inspection, XRF inspection, electrical testing, weldability testing and open cover testing.
Also in 2022, Chuangshi Technology added a new domestic agent line, with the increasing richness of international and domestic agent lines, and added a new solution design business section in April this year, committed to providing customers with personalized solutions. In the course of continuously expanding local brand channels and distribution channels, we will further improve the product quality, service level and customer experience of Chuangshi technology, so as to achieve sustainable development of the company and value co-creation with customers.
In addition, as an electronic distributor based in Asia and radiating the world, the implementation of globalization strategy is also the top priority of creating real technology to respond to market changes. Under the background of insisting on both domestic and foreign markets, Chuangreal Technology hopes to expand its business to East Asia, Southeast Asia and other markets in the next step, and plans to set up offices in many countries or regions around the world in the future, in order to provide comprehensive services and support closer to local customers, so as to strengthen its global operations and service capabilities.
About creation technology
Cytech Systems Limited (Shenzhen) - "Excellent distribution, Connecting the future", is a leading electronic component distributor with deep roots in China and global exposure, committed to creating sustainable value for customers and promoting innovation and development of the supply chain industry.
Founded by veterans in the electronic information technology and supply chain distribution industry, with its decades of industry experience in the electronics industry chain, link to the global supplier network, become a strong support for high-quality supplies, and through diversified procurement services, for more than 50 countries around the world. Thousands of customers, including the world‘s top 500 companies, provide customized, agile, high-quality supply chain solutions to help customers optimize costs and improve efficiency while growing with customers to achieve win-win results.
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