India, May 15 -- TrendForce's latest report on the semiconductor packaging and testing (OSAT) sector reveals that the global OSAT industry in 2024 faced dual challenges from accelerating technological advancements and ongoing industry consolidation.

While ASE holdings and Amkor maintained leading positions, OSAT providers from China, such as JCET and HT-Tech, saw strong double-digit revenue growth-supported by government policies and domestic demand-posing a growing challenge to the existing market order.

TrendForce reports that the combined revenue of the world's top 10 OSAT companies reached US$41.56B in 2024, up 3% YoY. ASE led the ranking with revenue of $18.54B, holding nearly a 45% share among the top ten. However, sluggish recove...