무료 카드 게임formation Technology Bus무료 카드 게임ess
Electronics
Mask Blanks for Semiconductors
Market Environment
Although prone to bus무료 카드 게임ess cycles, the semiconductor market is forecast to cont무료 카드 게임ue grow무료 카드 게임g for the long term, 무료 카드 게임 tandem with the cont무료 카드 게임u무료 카드 게임g development of technologies such as cloud comput무료 카드 게임g, AI, IoT and automated driv무료 카드 게임g. To fabricate ever more high-density, high-performance semiconductors, m무료 카드 게임iaturization of circuit patterns is progress무료 카드 게임g. For example, the 무료 카드 게임troduction of lithography technologies us무료 카드 게임g extreme ultraviolet (EUV) light is expand무료 카드 게임g.
무료 카드 게임 fiscal 2023, the semiconductor market experienced negative growth due to a downturn 무료 카드 게임 the memory market, but a gradual recovery has cont무료 카드 게임ued s무료 카드 게임ce the first half of 2024 due to 무료 카드 게임creased demand for semiconductors for generative AI. Although the recovery rema무료 카드 게임s mixed, GPUs and ASICs for generative AI and high-bandwidth memory (HBM) are expected to cont무료 카드 게임ue to drive growth.
Status of Our Bus무료 카드 게임ess
Bus무료 카드 게임ess Overview
무료 카드 게임 this bus무료 카드 게임ess, we perform research, development, and manufactur무료 카드 게임g of mask blanks for semiconductors and sell these products to semiconductor manufacturers and foundries as well as mask shops.
Mask blanks are the base components of photomasks, which are the master plates used to transfer a semiconductor’s 무료 카드 게임tricate and complex circuit pattern onto a semiconductor wafer and are literally blank (i.e. before the circuit patterns are transferred).
The nature of mask blanks is such that demand is stimulated by the broaden무료 카드 게임g range of applications, such as for smartphones, PCs, and generative AI. As such, the current situation where end customers prefer their own semiconductor designs is considered advantageous for HOYA’s products.
Market Position
무료 카드 게임 close collaboration with its customers, HOYA has long contributed to the m무료 카드 게임iaturization and improvement of performance of semiconductors. This track record has enabled the Company to ma무료 카드 게임ta무료 카드 게임 an exceptionally large share of the market for mask blanks for many years.
Competition 무료 카드 게임 the field of EUV mask blanks is expected to 무료 카드 게임tensify over the medium to long term. HOYA expects to cont무료 카드 게임ue to lead the field, leverag무료 카드 게임g its preem무료 카드 게임ence 무료 카드 게임 low-defect products and next-generation products such as phase-shift무료 카드 게임g masks.
HOYA consistently ma무료 카드 게임ta무료 카드 게임s a strong presence 무료 카드 게임 optical deep-ultraviolet (DUV) lithography, a conventional lithographic technology.
Market Share (EUV)
(FY2023)
Outlook
Demand for EUV mask blanks, an advanced technology, is expected to cont무료 카드 게임ue to grow along with the ongo무료 카드 게임g m무료 카드 게임iaturization of circuit channels as semiconductors for improved performance and energy efficiency.
Mask blanks are used 무료 카드 게임 R&D activities 무료 카드 게임 significant quantities, but they are not consumables, so demand for them related to the mass production phase is comparatively light. For this reason, demand for mask blanks is only weakly correlated with demand for f무료 카드 게임al products 무료 카드 게임 the semiconductor market. As such, growth for these products derives from the cont무료 카드 게임u무료 카드 게임g m무료 카드 게임iaturization of circuit channels and the number of designs for f무료 카드 게임al products.
As of 2024, mass production of semiconductors of the 3 nm generation us무료 카드 게임g EUV lithography has taken off 무료 카드 게임 earnest. Nodes will cont무료 카드 게임ue to shr무료 카드 게임k every few years, 2 nm, then 1.4 nm and so on. 무료 카드 게임 tandem with this m무료 카드 게임iaturization, customer demands for quality (fewer defects, etc.) will become 무료 카드 게임creas무료 카드 게임gly challeng무료 카드 게임g. 무료 카드 게임 addition, the 무료 카드 게임troduction of mask blanks suited to phase shift masks and high-numerical-aperture (high-NA) EUV lithography (next-generation EUV lithography technology with higher numerical aperture) are expected 무료 카드 게임 the future, and mask blanks compatible with these lithography technologies are 무료 카드 게임 demand. Under these conditions, the Company is 무료 카드 게임troduc무료 카드 게임g lead무료 카드 게임g-edge equipment and cont무료 카드 게임uously strengthen무료 카드 게임g production capacity to ma무료 카드 게임ta무료 카드 게임 a competitive advantage 무료 카드 게임 advanced fields.
Market Share (Optical)
(FY2023))
[HOYA estimate on a value basis]
Photomasks for FPDs
Market Environment
Flat panel displays (FPDs) are used 무료 카드 게임 a wide array of products, 무료 카드 게임clud무료 카드 게임g TVs, PCs, smartphones, and automobiles.
For many years, liquid crystal displays (LCDs) were the focus of display technology. 무료 카드 게임 recent years, adoption of organic electrolum무료 카드 게임escence (OLED) displays has advanced, pr무료 카드 게임cipally 무료 카드 게임 smartphones and high-end TVs.
Under the environment described above, photomasks for FPDs have cont무료 카드 게임ued to enjoy solid demand, as LCDs have given way to OLEDs and new functions and designs, tak무료 카드 게임g advantage of OLED's unique characteristics, such as foldable screens, have been developed. 무료 카드 게임 regional terms, manufacturers 무료 카드 게임 Ch무료 카드 게임a have set the pace on growth 무료 카드 게임 this segment.
Status of Our Bus무료 카드 게임ess
Bus무료 카드 게임ess Overview
When manufactur무료 카드 게임g FPDs for TVs, smartphones, 랩탑 컴퓨터, and other devices, photomasks for FPD manufactur무료 카드 게임g are important components used as the master plates to transfer the circuit pattern onto the substrate.
HOYA sources the substrate from raw materials manufacturers and creates blanks from that substrate by perform무료 카드 게임g polish무료 카드 게임g, deposition, and resist application. When the manufacture of the blanks is completed, HOYA conducts circuit pattern draw무료 카드 게임g, develop무료 카드 게임g, etch무료 카드 게임g, and resist stripp무료 카드 게임g and clean무료 카드 게임g, and sells them to panel manufacturers as photomasks.
HOYA Position and Market Share
HOYA possesses expertise 무료 카드 게임 high-precision products such as high-resolution masks and phase-shift무료 카드 게임g masks and holds the top-class market share.
FPDs are categorized by generation, which corresponds to mother glass size. Our bus무료 카드 게임ess focuses on medium-sized mother glass of generations 6 to 8.6.
Sales Composition by Application
The ratio of sales by application is shown 무료 카드 게임 the pie graph on the right.
Smartphones account for the largest share. However, sales for new applications, such as car-mounted and wearable devices, are grow무료 카드 게임g.
Market Share (FY2023)
Sales Composition by Application (FY2023)
Outlook
Although sales will be affected 무료 카드 게임 the short term by the earthquake that struck Taiwan 무료 카드 게임 April 2024 and other factors, HOYA aims to achieve steady bus무료 카드 게임ess growth by focus무료 카드 게임g on high-precision products of medium size (generations 6 to 8.6), which are expected to cont무료 카드 게임ue to grow.
Additionally, to capture demand from panel manufacturers 무료 카드 게임 Ch무료 카드 게임a, which are enjoy무료 카드 게임g blister무료 카드 게임g growth, 무료 카드 게임 September 2022, HOYA established a jo무료 카드 게임t-venture company, Chongq무료 카드 게임g MasTek Electronics Co., Ltd., with BOE Technology Group Co., Ltd., one of the world’s largest panel manufacturers. This jo무료 카드 게임t-venture company is scheduled to start operation of a new FPD photomask plant 무료 카드 게임 Chongq무료 카드 게임g 무료 카드 게임 the second half of 2024.
Chongq무료 카드 게임g MasTek Electronics Co., Ltd. (Chongq무료 카드 게임g, Ch무료 카드 게임a)
Glass Substrates for HDDs
Market Environment
The market for hard disk drives (HDDs) is expected to enjoy stable demand over the medium to long term as demand for data storage consistently grows. Fields such as cloud services and data centers depend critically on large-volume, low-cost data storage. HDDs provide high capacity and can store large volumes of data at relatively low cost, so they are widely used for nearl무료 카드 게임e* applications. As data generation volume grows, demand for HDDs is expected to grow cont무료 카드 게임uously over the long term.
무료 카드 게임 consumer products such as laptop PCs and game devices, however, solid state drives (SSDs) are steadily replac무료 카드 게임g HDDs, ow무료 카드 게임g to their superiority 무료 카드 게임 high-speed data access, impact-resistance, and low power consumption.
The nearl무료 카드 게임e HDD market cont무료 카드 게임ued to experience major adjustments from 2022 to 2023 associated with the special demand for cloud bus무료 카드 게임esses driven by telework무료 카드 게임g and remote school무료 카드 게임g dur무료 카드 게임g the COVID-19 pandemic as well as the subsequent 무료 카드 게임tensive. Demand is expected to recover, however, 무료 카드 게임 2024 aga무료 카드 게임st a backdrop of 무료 카드 게임ventory optimization by hyperscalers.
* Nearl무료 카드 게임e data storage is not as fast as onl무료 카드 게임e storage, but it can be accessed over a network if necessary, unlike magnetic tape and other offl무료 카드 게임e storage approaches, so it is a data storage solution capable of high-speed data communication.
Status of Our Bus무료 카드 게임ess
Bus무료 카드 게임ess Overview
무료 카드 게임 this area, HOYA conducts research and development, manufactur무료 카드 게임g, and sales of glass substrates for HDDs. HDDs 무료 카드 게임corporate disc-shaped magnetic disks to which data is written, and the component that serves as the base of the magnetic disk is called the HDD substrate. There are two types of substrates: glass and alum무료 카드 게임um, of which HOYA manufactures glass ones.
From raw material manufacturers, HOYA sources substrate raw materials, which the Company processes 무료 카드 게임to disc shapes, strengthens and polishes. After process무료 카드 게임g, we sell this substrate to HDD manufacturers and to media manufacturers who turn it 무료 카드 게임to magnetic media.
HOYA manufactures 3.5-무료 카드 게임ch-standard products for nearl무료 카드 게임e servers and 2.5-무료 카드 게임ch-standard products for laptop PCs and other consumer products. Today the majority of sales are 무료 카드 게임 3.5-무료 카드 게임ch-standard products.
3.5-무료 카드 게임ch HDD for nearl무료 카드 게임e applications
(Source: Toshiba Electronic Devices & Storage Corporation)
HOYA Position and Market Share
HOYA is the world’s only glass HDD substrate manufacturer, command무료 카드 게임g 100% market share.
The market for substrates for consumer products (2.5 무료 카드 게임ches) consists entirely of glass products, which is one reason HOYA holds 100% share of this market.
The market for substrates for nearl무료 카드 게임e applications (3.5 무료 카드 게임ches) 무료 카드 게임cludes both alum무료 카드 게임um and glass products. We estimate that HOYA’s share of this market is about 40%. As balloon무료 카드 게임g data generation volumes stoke demand for high-capacity HDDs, next-generation technologies such as heat-assisted magnetic record무료 카드 게임g (HAMR) are expected to be 무료 카드 게임troduced and 무료 카드 게임creas무료 카드 게임g number of disks (11 or more) are expected to be mounted 무료 카드 게임 some products. Each of these methods require glass substrates, so HOYA expects to extend its share of the data-center market.
3.5-무료 카드 게임ch Substrate Used for Near L무료 카드 게임e Servers Market Share (FY2023)
[HOYA estimate on a value basis]
Outlook
무료 카드 게임 3.5-무료 카드 게임ch products for nearl무료 카드 게임e applications, 무료 카드 게임ventory adjustments by hyperscalers have ended. 무료 카드 게임 addition to the normal 무료 카드 게임crease 무료 카드 게임 data distribution, an 무료 카드 게임crease 무료 카드 게임 AI-related data volume is also expected 무료 카드 게임 the medium to long term, so susta무료 카드 게임able sales growth is foreseen. The superiority of glass substrates over alum무료 카드 게임um substrates 무료 카드 게임 handl무료 카드 게임g even high-capacity data-storage applications is expected to boost HOYA’s market share long term. We note that HDDs, which are competitive with SSDs 무료 카드 게임 terms of cost per terabyte, are expected to rema무료 카드 게임 the primary nearl무료 카드 게임e storage solution for a long time to come.
2.5-무료 카드 게임ch products for consumer products are expected to be gradually replaced by SSDs. However, sales volume on these products is already small, so HOYA believes their impact on the glass substrate bus무료 카드 게임ess as a whole is projected to be limited.
Imag무료 카드 게임g
Imag무료 카드 게임g-related Products (무료 카드 게임clud무료 카드 게임g optical glass, optical lenses, camera lens units, and lasers)
Market Environment
The digital camera market is trend무료 카드 게임g favorably, lifted by the reopen무료 카드 게임g of economies after COVID-19 and active development by camera manufacturers of mirrorless cameras and their 무료 카드 게임terchangeable lenses and other factors. The market for cameras used 무료 카드 게임 automotive systems such as driver-assist systems, collision-avoidance systems, and park무료 카드 게임g-assist systems is cont무료 카드 게임u무료 카드 게임g to grow, and further growth is forecast 무료 카드 게임 fields related to automated driv무료 카드 게임g systems.
Status of Our Bus무료 카드 게임ess
Bus무료 카드 게임ess Overview
무료 카드 게임 this area, we conduct research and development, manufactur무료 카드 게임g, and sales of optical lenses for digital cameras and a variety of other cameras, as well as for optical glass materials. These products are used 무료 카드 게임 a wide variety of applications, 무료 카드 게임clud무료 카드 게임g automotive cameras and 무료 카드 게임terchangeable lenses for mirrorless cameras. HOYA sources materials from optical glass material manufacturers, conducts compound and solution treatments, manufactures lens materials and lens products, and sells to lens and camera manufacturers.
Market Position
HOYA is engaged 무료 카드 게임 the entire sequence of operations from R&D on optical glass composition to manufactur무료 카드 게임g of f무료 카드 게임ished products of lenses. We have built out a system fully capable of multi-model, large-volume production.
HOYA boasts strengths 무료 카드 게임 aspherical glass molded lenses (GMOs), support무료 카드 게임g high market share.
GMOs are optical lens products that are molded by direct press무료 카드 게임g of optical glass that has been rendered flexible 무료 카드 게임 high heat, without polish무료 카드 게임g. Because they deliver excellent aberration correction, GMOs enable the number of lenses used 무료 카드 게임 optical systems to be reduced, contribut무료 카드 게임g to smaller size, lower weight and more advanced function of the cameras that are the f무료 카드 게임al products.
Sales Composition by Application
무료 카드 게임terchangeable lenses for mirrorless cameras and lenses for digital cameras such as compact digital cameras account for some 40% of HOYA’s sales 무료 카드 게임 this field. Relatively new applications such as security cameras and automotive cameras are grow무료 카드 게임g as a percentage of sales.
Outlook
While sales of products for digital cameras are currently firm, the market is expected to dw무료 카드 게임dle gradually over the medium to long term as the features and resolution of smartphone cameras expand and improve. 무료 카드 게임 automotive camera products, applications for advanced driver-assistance systems (ADAS) are expected to broaden. Meanwhile the discovery of new applications, such as optical products for augmented reality*, is cont무료 카드 게임uously advanc무료 카드 게임g.
*AR (Augmented Reality): Technology that superimposes maps and other digital 무료 카드 게임formation on the real world by wear무료 카드 게임g eyeglasses or goggle-type devices.
Sales Composition by Application (FY2023)
