In the field of ABF packaging materials, Ajinomoto has almost no competitors, and the global ABF substrate market is also an oligopoly market dominated by Taiwan, Japan and South Korea manufacturers.
Although Ajinomoto has announced that it will increase the production of ABF materials, the increase in production is more conservative than the surge in downstream demand. By 2025, the CAGR of production will only be 14%, resulting in the annual release of ABF substrates can only reach 10%-15%.
Behind the skyrocketing demand for high-performance computing chips, Ajinomoto is undoubtedly on the cusp. In spite of the risk of monopoly, the industry’s research and development on build-up insulation materials has been ongoing. For example, Taiwan Build-Up Film (TBF) developed by Taiwan Jinghua Technology has been verified and stabilized by many manufacturers on the island and abroad. goods. However, long-term technological accumulation and innovative awareness have given Ajinomoto a first-mover advantage.
Ajinomoto said, “With the rapid improvement of CPU performance, the quality of ABF is also continuously improving. This requires continuous research and development of insulating resins with different properties, improvement of product characteristics, processing technology that meets the requirements of emerging customers, and repeated testing and verification. "In addition, in response to the complexity of smart phone functions and 5G high-frequency communication transmission requirements, the thermal stability, heat dissipation, and low dielectric properties of ABF insulation materials will be more important. One of the challenges facing.
In addition to ABF packaging materials, Ajinomoto has started to produce AFTINNOVA MP-H701 solder paste for semiconductor packaging in 2020, making another success in the packaging materials market. It can be described that Ajinomoto's success in the field of semiconductor packaging materials is by no means accidental. The continuous verification of the assumption of "there is a taste" is the essence of its centuries-old business.