auto components, automotive, component, getac, getac precision technology, getac technology, taiwan, yen sun, yen sun technology, getac technology corporation

Taiwan-based PC component suppliers, such as Getac and Yen Sun Technology (YS Tech), have stepped up their deployment in the automotive market.

Industry sources noted that headwinds continue to mount in the consumer, commercial, and industrial control markets, but momentum in the automotive market remains, resulting in an influx of companies into the market.

Taiwanese companies have found an entry point into the automotive market through electric vehicles (EV) and the electrification of vehicles, but the market is getting crowded, according to the sources.

The sources pointed out that the current demand for cars is still soaring, and the only problem is the unsolved materials shortage.

Compared with consumer electronics, automotive shipments are fewer, but profit is better and visibility is longer. In the future, the sources believe the proportion of automotive electronics will continue to increase.

When Getac became a holdings company, its automotive business became an independent entity known as Getac Precision Technology (GPT). Currently, GPT and Getac’s mechanical solutions account for 50% of the holding company’s total revenue.

Getac pointed out that GPT was affected by the semiconductor shortage of the past two years and that shipments did not meet expectations. However, as the automotive chip shortage gradually eases, customer pull-ins have significantly improved. Getac expects 2022 growth could reach double digits.

GPT mainly ships seat belt components and based on shipment volume, GPT is ranked first in the world. GPT is actively working on advanced driver assistance system (ADAS) products.

YS Tech mainly focuses on car seat fans. Its customers include European and Chinese automakers. YS Tech noted that the automotive supply chain is stable and that it is difficult to change suppliers.

YS Tech said pull-in momentum eased slightly in July and August, attributed to the summer maintenance season for European automakers. Current orders from European automakers are through to second-quarter 2023.

Market demand in China is expected to continue growing due to the country’s EV development policies, which include various incentives and subsidies, as well as China’s participation in customer EV development projects.

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