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Semiconductor Assembly And Testing Services (SATS) Market size is set to grow by USD 19.31 billion from 2024-2028, Rising sales of iot devices boost the market, Technavio

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NEW YORK, Aug. 6, 2024 /PRNewswire/ — The global semiconductor assembly and testing services (SATS) market size is estimated to grow by USD 19.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.59% during the forecast period. Rising sales of iot devices is driving market growth, with a trend towards advances in SATS. However, intense competition in sats industry poses a challenge. Key market players include Amkor Technology Inc., Aptasic SA, ASE Technology Holding Co. Ltd., ChipMOS TECHNOLOGIES INC., DPA Components International, Flexitallic Group, Formosa Advanced Technologies Co. Ltd., GlobalFoundaries Inc., Jiangsu Changdian Technology Co. Ltd., King Yuan Electronics Co. Ltd., Koninklijke Philips N.V., Micross Inc., Ose Corp., Powertech Technology Inc., Rochester Electronics LLC, Teledyne Technologies Inc., Tianshui Huatian Technology Co. Ltd., Unisem M Berhad, UTAC Holdings Ltd., and Walton Advanced Engineering Inc..

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Semiconductor Assembly And Testing Services (SATS) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.59%

Market growth 2024-2028

USD 19310.4 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.18

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 76%

Key countries

South Korea, Taiwan, China, US, and Japan

Key companies profiled

Amkor Technology Inc., Aptasic SA, ASE Technology Holding Co. Ltd., ChipMOS TECHNOLOGIES INC., DPA Components International, Flexitallic Group, Formosa Advanced Technologies Co. Ltd., GlobalFoundaries Inc., Jiangsu Changdian Technology Co. Ltd., King Yuan Electronics Co. Ltd., Koninklijke Philips N.V., Micross Inc., Ose Corp., Powertech Technology Inc., Rochester Electronics LLC, Teledyne Technologies Inc., Tianshui Huatian Technology Co. Ltd., Unisem M Berhad, UTAC Holdings Ltd., and Walton Advanced Engineering Inc.

Market Driver

The semiconductor assembly and testing services (SATS) market has experienced significant growth due to advancements in chip packaging technologies. One such innovation is 3D IC packaging, which allows for miniaturized ICs and the stacking of intelligence centers, addressing space constraints. Organic-substrate-interposer technology is also popular due to its cost-effectiveness compared to silicon interposers. Another technology, TSV or silicon-via-interconnection, is used for creating 3D packages and integrated 3D circuits, enabling increased performance and reduced product costs. TSVs are also utilized in complementary metal-oxide semiconductor (CIS) image sensors, allowing for reduced form factors and high-density interconnects. These advancements are anticipated to fuel the expansion of the global SATS market in the forecast period. 

The Semiconductor Assembly and Testing Services (SATS) market is experiencing significant trends in the electronics industry. With the rise of network connectivity in various applications, there is an increasing demand for semiconductor components in smart homes, smart television sets, smartphones, tablets, telecommunication, and 5G technologies. Outsourcing SATS to service providers ensures operational efficiency and cost savings. Advanced packaging technologies, such as wire bonding and 3D semiconductor assemblies, enhance product quality and reliability. Power efficiency and resistance to thermal cycling are crucial for the production of power-efficient devices and safety systems. Reliability testing, including burn-in and accelerated stress testing, is essential for ensuring the longevity and dependability of semiconductor components and chipsets (ICs). The automotive industry is also embracing semiconductors for automotive electronics and systems, requiring stringent certifications. Semiconductor manufacturing, including wafer fabrication factories, must maintain prudence and flexibility to adapt to process complexity and the paradigm shift towards miniaturization and higher integration. The semiconductor industry’s focus on quality and reliability is driving innovation in chip design, chipsets, cloud services, and 5G technology for wireless networks. 

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Market Challenges

The Semiconductor Assembly and Testing Services (SATS) industry is a highly competitive and capital-intensive market. Consolidation among players over the last decade improved cost performance, but the industry faces challenges from shortening product lifecycles and advancing technology. Additionally, rising energy prices and volatile commodity costs add to the pressures. Most SATS businesses are located in emerging economies with low labor costs and limited use of advanced manufacturing techniques. While front-end silicon wafer manufacturers adopt lean techniques and digitalization, backend SATS businesses lag in these implementations. Lean manufacturing minimizes waste and increases efficiency, while IoT enhances operational efficiency and reduces delivery times. The global SATS market has a few major players accounting for over half the revenue, leaving smaller companies with low economies of scale and impacting their margins and growth. R&D costs are significant in the SATS market, enabling major players to invest in proprietary processes and designs, creating a challenge for smaller competitors. Further competition may come from pure-play foundries and IDMs expanding into SATS, potentially intensifying market competition and hindering growth during the forecast period.The Semiconductor Assembly and Testing Services (SATS) market faces several challenges in today’s technology landscape. With the rise of 3D semiconductor assemblies and the integration of 5G technologies into 5G wireless networks, advanced packaging technologies are in high demand. Automotive electronics and systems require specialized testing for certifications, such as conductivity and emission reduction, for use in electrification and fuel efficiency. Chip design and IC chipset assembly for consumer electronics, computing industry, communication industry, and industrial applications require accelerated stress testing and electrical characterization. Environmental testing, including burn-in and conductivity, is crucial for reliability in various applications. Additionally, industry standards for data transfer speeds, low thermal ratings, and encapsulation are essential for the manufacturing of chipsets (ICs) and electronic components in cloud services, entertainment systems, navigation, and the Internet of Things. Metals and insulators play a vital role in the fabrication process, ensuring efficient production and high-quality products.

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Segment Overview 

This semiconductor assembly and testing services (sats) market report extensively covers market segmentation by

Application 1.1 Communication1.2 Computing and networking1.3 Industrial1.4 Consumer electronics1.5 Automotive electronicsService Type2.1 Assembly services2.2 Testing servicesGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Communication- Semiconductor Assembly and Testing Services (SATS) play a vital role in the communication segment by providing essential components and services for the production of communication devices. In this sector, semiconductor components, including ICs, power amplifiers, and filters, are necessary for signal amplification, filtering, and modulation, which are crucial for data and voice transmission over networks. SATS contribute significantly to the manufacturing of communication devices by supplying high-quality components and offering testing services to ensure compliance with industry standards. Communication devices such as smartphones, radios, modems, and routers require rigorous testing and quality assurance to meet regulatory bodies’ safety, performance, and quality standards, such as the Federal Communications Commission (FCC) and the International Organization for Standardization (ISO). Moreover, SATS offer customization services for communication devices, designing customized ICs and modifying existing components to optimize their performance with the device. Quality assurance is a top priority for SATS, ensuring devices meet durability, reliability, and functionality requirements. The communication segment’s growth in Internet of Things (IoT) devices and wireless communication technology necessitates the use of advanced semiconductor components. SATS provide components supporting these technologies, including ICs, sensors, and modules, and offer testing services to ensure their proper functionality and adherence to required standards. Overall, the above factors are expected to fuel the growth of the global SATS market through the communication segment during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Semiconductor Market is set for significant growth, driven by advancements in technology and increasing demand across various sectors. Key segments include consumer electronics, automotive, and industrial applications. The global Semiconductor Advanced Packaging Market is also expanding rapidly, with innovative packaging technologies enhancing performance and reliability. This market’s growth is fueled by the rising complexity of semiconductor devices and the need for miniaturization. Both markets are expected to witness robust growth due to technological advancements and evolving consumer needs.

Research Analysis

The Semiconductor Assembly and Testing Services (SATS) market encompasses the processes and services involved in the production of integrated circuits and chipsets. These processes include conductivity testing, where the conductivity of conductors and insulators is measured using metals and resistance. SATS plays a crucial role in the semiconductor manufacturing industry, ensuring the quality and reliability of advanced packaging technologies used in various applications. SATS is essential for the production of power-efficient devices, such as those used in mobile devices, Internet of Things (IoT) applications, automotive electronics, and electrification systems. Advanced testing techniques, including electrical characterization and environmental testing, are employed to ensure the optimal performance of these devices. SATS also plays a significant role in the development of new technologies, such as 3D semiconductor assemblies, 5G technology, and cloud services. The market is driven by the growing demand for miniaturization, power efficiency, and high-speed connectivity in various industries. The focus on producing smaller, more reliable, and more efficient semiconductor components is a key trend in the SATS market.

Market Research Overview

The Semiconductor Assembly and Testing Services (SATS) market encompasses various processes and services essential to the production of semiconductor components. These services include 3D semiconductor assemblies, advanced packaging technologies, and electrical characterization. The market caters to numerous industries, such as automotive electronics, communication, and computing, driven by the paradigm shift towards 5G technologies and the Internet of Things. SATS involve processes like die preparation, wafer fabrication, and IC chipset assembly, as well as testing services such as burn-in, reliability, and environmental testing. The market also focuses on outsourcing and industry standards to ensure product quality and operational efficiency. Semiconductor components, including chipsets (ICs), conductors, insulators, and metals, undergo various stages of fabrication and packaging, including encapsulation, electrification, and thermal cycling. The market caters to diverse applications, from consumer electronics like mobile devices, smartphones, tablets, and smart television sets to industrial applications and safety systems. SATS providers offer services to various sectors, including automotive systems, computing industry, information technology, and telecommunication, ensuring prudence and flexibility in meeting their clients’ needs. The market’s growth is fueled by the demand for power-efficient devices, low thermal ratings, and high data transfer speeds, making it a crucial player in the semiconductor manufacturing landscape.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationCommunicationComputing And NetworkingIndustrialConsumer ElectronicsAutomotive ElectronicsService TypeAssembly ServicesTesting ServicesGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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11:11 Systems Announces Strategic Partnership with Cato Networks to Deliver SASE Solution for Distributed Enterprises

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New Managed Secure Access Service Edge (SASE) solution combines SD-WAN, cloud-native networking and security capabilities with 11:11’s connectivity, cyber resilience and cloud expertise

SYDNEY, July 22, 2026 /PRNewswire/ — 11:11 Systems, a leading managed infrastructure solutions provider, today announced the global availability of its 11:11 Managed Secure Access Service Edge (SASE) solution and a new strategic partnership with Cato Networks.

11:11 Managed SASE is a fully managed secure connectivity solution leveraging Cato Networks AI-native network security platform. This solution brings together intelligent SD-WAN, cloud-delivered security and global connectivity into a single offering. It enables organisations to simplify and secure access across branch offices, data centres, users and cloud environments, reducing complexity without sacrificing performance or control.

Built on the Cato Networks cloud-native SASE platform, 11:11 Managed SASE combines zero trust network access (ZTNA), firewall as a service (FWaaS), secure web gateway (SWG), cloud access security broker (CASB), advanced threat protection and centralised visibility into a unified managed experience. 11:11 also delivers 24x7x365 monitoring and support, incident management integration and operational accountability to help customers limit vendor sprawl, increase agility and free internal teams to focus on higher-value priorities.

The offering is backed by 11:11’s broader networking, cloud and cyber resilience capabilities. Through its global backbone, carrier-agnostic connectivity options and integrated portfolio spanning cloud, backup, disaster recovery and security services, 11:11 gives customers a practical path to modernise network and security architecture while strengthening resilience across the business.

“Enterprises are under pressure to support users, applications and locations that are more distributed than ever, while limiting complexity and improving security,” said Justin Giardina, CTO, 11:11 Systems. “Our Managed SASE solution provides customers with a unified approach to modernising networking and security, along with the visibility, support and flexibility they need to thrive in a rapidly changing environment.”

According to Karl Soderlund, global channel chief, Cato Networks, “As enterprises move beyond fragmented legacy networking and security stacks, they need a simpler way to gain visibility, context and control across hybrid work environments and reduce the operational burden on IT. Through our partnership, we can address these challenges head on and deliver end-to-end visibility and protection in a single service built for the reality of modern work.”

The joint offering is well suited for distributed enterprises, multi-site organisations, hybrid workforce initiatives, SD-WAN refreshes, security modernisation efforts and businesses with limited IT resources. 11:11 meets customers where they are by supporting existing environments, simplifying multi-vendor operations and serving as a single provider accountable for network, security, cloud and data integration.

This partnership expands 11:11’s Network as a Service portfolio and follows Forrester’s inclusion of 11:11 Systems in its report, “The Secure Access Service Edge Services Landscape, Q1 2026.”

About 11:11 Systems

11:11 Systems is a managed infrastructure solutions provider that empowers customers to modernise, protect and manage mission-critical applications and data, leveraging 11:11’s resilient cloud platform. Learn more at www.1111Systems.com and follow 11:11 on LinkedIn.

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SOURCE 11:11 Systems

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Crowell & Moring Expands Financial Services Group with Former UBS Bank USA General Counsel Cristina Diaz

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NEW YORK, July 21, 2026 /PRNewswire/ — Crowell & Moring has added Cristina Diaz, former executive director and general counsel of UBS Bank USA, and most recently head of legal for UBS’s U.S. Remediation Management Office, to the firm’s Financial Services Group as senior counsel in New York. Diaz brings more than two decades of in-house counsel and law firm experience in bank regulation, compliance, and risk management.

At Crowell, Diaz will counsel banks, fintechs, and digital assets companies on a broad range of bank regulatory matters, including charters and licensing, permissible activities, capital requirements, regulatory enforcement, M&A, and corporate governance. She will also counsel clients navigating the intersection of traditional banking and emerging financial services, including digital assets companies seeking to acquire or establish national banks, and banks exploring partnerships with fintechs and digital assets firms.

At UBS, Diaz advised on the firm’s most pressing regulatory matters, including most recently UBS Bank USA’s charter conversion from a Utah industrial bank to an OCC national bank and key compliance remediations. This work gave Diaz extensive experience navigating relationships with state and federal financial regulators. Earlier in her career, Diaz spent eight years at Davis Polk & Wardwell advising U.S. and foreign banks on bank regulatory matters, M&A, and capital markets transactions.

“Cristina is a highly experienced, solution-oriented attorney who brings deep knowledge in the bank regulatory space. She will be an enormous asset to the firm’s growing regulatory and transactional offerings to banks, digital assets businesses, and fintechs,” said Carlton Greene, Co-Chair of Crowell’s Financial Services Group.

“I am delighted to join Crowell & Moring and integrate my bank regulatory experience with the firm’s nationally-recognized digital assets practice. As traditional banking and emerging financial technologies continue to evolve, clients need actionable and sophisticated legal counsel. Crowell offers the collaborative platform to help institutions successfully execute their growth and compliance strategies,” said Diaz.

Diaz received her J.D. from New York University School of Law, where she was a member of the New York University Law Review, and received her B.A., summa cum laude, from New York University. She is fluent in Spanish.

About Crowell & Moring LLP
Crowell & Moring is an international law firm with operations in the United States, Europe, and MENA. Drawing on significant government, business, industry, and legal experience, the firm helps clients capitalize on opportunities and provides creative solutions to complex regulatory and policy, litigation, transactional, and intellectual property issues. The firm is consistently recognized for its commitment to pro bono service, as well as its comprehensive programs and initiatives to advance the professional and personal development of all members of the Crowell community.

Media Contact:
Email: prteam@crowell.com

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Quantinuum and SoftBank Corp. Publish Joint White Paper on Scaling Practical Quantum Computing Use Cases Toward the Fault-Tolerant Era

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The companies have published a joint white paper mapping commercially relevant quantum computing use cases in quantum chemistry and graph analytics to Quantinuum’s hardware roadmap.The paper provides a framework for assessing how advances in quantum hardware and algorithms, could affect when practical industrial applications become feasible.SoftBank Corp. and Quantinuum will use the roadmap to inform their exploration of future quantum AI data center services and related business models.

TOKYO and BROOMFIELD, Colo., July 22, 2026 /PRNewswire/ — Quantinuum (NASDAQ: QNT) and SoftBank Corp. (“SoftBank”) today announced the publication of “Quantum Computing Frontiers,” a joint white paper that maps two commercially-relevant quantum computing application areas against Quantinuum’s hardware roadmap. The analysis examines how advances in quantum hardware and algorithms could affect when these applications become practical for industrial use.

The paper focuses on two representative application domains that SoftBank is actively using Quantinuum’s systems to research: quantum chemistry for new materials discovery and energy research, and topological data analysis for large-scale graph analytics, including for telecommunications fraud detection. The authors anchor their assessment of the scalability of these two application areas against Quantinuum’s published hardware roadmap, examining how projected advances in hardware capabilities and algorithms may enable the commercial readiness of future industrial applications.

Building on this use-case roadmap, the paper also examines how quantum computing, AI, and high-performance computing could be integrated into future computing infrastructure. It considers how progress across successive hardware generations could inform future quantum AI data center services and related business models, a key focus of the Quantinuum and SoftBank partnership announced last year.

“The key takeaway of this study is that organizations do not need to wait for large-scale, fault-tolerant systems to explore where quantum computing can begin creating value,” said Duncan Jones, General Manager, Applications Group at Quantinuum. “By using today’s systems to develop, benchmark and refine applications in areas such as quantum chemistry and graph analytics, enterprises can build the technical and operational readiness needed for the next era of quantum-enabled computing.”

“The question is no longer whether quantum computing may deliver value, but rather which problem classes become executable at which stage of hardware maturity,” said Ryuji Wakikawa, Senior Vice President & CTO at SoftBank Corp. “However, we believe progress in hardware must be complemented by equally strong developments in quantum algorithms and the integration of quantum systems with AI and high-performance computing.”

The white paper discusses illustrative scenarios describing how representative applications, technology maturity, and potential market opportunities may evolve over time under stated assumptions. The analysis provided in the paper is intended to provide a conceptual framework for understanding potential market evolution and does not represent financial guidance or forecasts. These analyses are intended to support discussion of future technology development and should not be interpreted as commitments regarding commercialization, infrastructure investment, products, services, or financial performance.

The full white paper is available to download on the SoftBank and Quantinuum websites.

About SoftBank Corp.

Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is aiming to activate the potential of AI across its businesses and drive implementation in line with its “Activate AI for Society” growth strategy. While further growing its telecom business, SoftBank is expanding its AI computing infrastructure and AI and Cloud service businesses with the aim of becoming a provider of Next-generation Social Infrastructure. To learn more, please visit https://www.softbank.jp/en/corp/

About Quantinuum

Quantinuum (NASDAQ: QNT) is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.[1] Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

For more information, please visit www.quantinuum.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

 

[1] As of December 31, 2025.

SOURCE Quantinuum

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