Not long after the start of 2021, a wave of price increases for various electronic materials, components, etc. is coming. Semiconductor chips are the first to bear the brunt, and factors such as the rebound in global automobile consumer demand and the growth in sales of consumer electronics such as mobile phones and laptops due to home working have further exacerbated the chip shortage.
The supply of chips exceeds the demand, triggering a "domino" chain effect and triggering a wave of price increases throughout the industry chain. Whether it is raw material suppliers, wafer factories, packaging and testing plants, foundries or even resistor factories, most major domestic and foreign semiconductor companies have issued price increase announcements. The price increases are generally in the range of 5%-20%, and some products in short supply have even increased in price by more than 50%.
Moreover, judging from the current situation with the resurgence of the new crown epidemic abroad, the price increase cycle will continue or even rise again. All industrial chains urgently need to restore production capacity to achieve a balance between supply and demand before prices can return to their previous normal levels. For various companies, various costs such as time and manpower are undoubtedly huge. It is obviously unrealistic to stop production lines and wait for the supply and demand balance to return to normal prices.
Earlysun Technology is a leading brand in the field of domestic electronic packaging materials. It is also unavoidable to be affected by the increase in raw material prices, especially tin material, an important raw material used in solder paste products, which has increased significantly, greatly increasing the company's raw material production costs. Despite this, Earlysun Technology, as a leading brand in the field of materials, still has a longer-term vision and pattern. While taking into account the increase in its own costs, for different series of solder paste and adhesive products, the price is almost close to the normal level of the year before or slightly increased to give back to the customers and friends who have always supported and trusted Earlysun.
In terms of production and delivery time, Earlysun Technology will try its best to meet the "urgent" needs of our customers. However, because there are many customers, the needs are more "urgent", so customers and friends who are in urgent need of Earlysun solder paste or adhesive products are requested to submit their requirements and place orders as soon as possible. The company will organize production and delivery work in the order of scheduled orders. Thank you to our customers and friends for your support and trust in Earlysun Technology.
Earlysun Technology will continue to improve services, improve product quality, serve every customer with heart, long-term cooperation, and long-term friends. Earlysun Technology remains true to its original aspiration, forges ahead, makes its own efforts for the development and progress of domestic electronic packaging materials, and takes its own solid steps towards replacing imports with localization.
