OSAT Landscape

ASE · Amkor · JCET · Tongfu · Powertech · Huatian · outsourced assembly and test

The top 10 outsourced semiconductor assembly and test (OSAT) companies took $41.6 billion in 2024, and ASE alone took $18.5 billion, nearly three times Amkor. Four of the ten are Chinese and earn 29% of that revenue; Amkor is the only US-headquartered firm, and its Peoria, Arizona campus, due in early 2028, will be the first large merchant advanced packaging plant in the United States.

Top 10 OSAT revenue in 2024, $41.6 billion, drawn as areas: ASE $18.5B, Amkor $6.3B, JCET $5.0B, Tongfu $3.3B, Powertech (PTI) $2.3B, HT-Tech (Huatian) $2.0B, WiseRoad $1.6B, Hana Micron $0.9B, KYEC $0.9B, ChipMOS $0.7B. Taiwan holds 54%, China 29%, the United States 15% and South Korea 2%. TOP 10 OSATS, 2024 REVENUE, AREA TO SCALE ASE $18.5B Amkor $6.3B JCET $5.0B Tongfu $3.3B PTI $2.3B $2.0B WiseRoad $1.6B $0.9B $0.9B $0.7B NARROW BLOCK: HUATIAN $2.0B. RIGHT COLUMN, TOP TO BOTTOM: WISEROAD, HANA MICRON $0.9B, KYEC $0.9B, CHIPMOS $0.7B TAIWAN 54% CHINA 29% US 15% SOUTH KOREA 2%. REVENUE BY HEADQUARTERS, NOT BY PLANT LOCATION
Top 10 revenue
$41.6B, 2024
ASE
$18.5B
Chinese firms in top 10
4, 29% of revenue
US-HQ firms
Amkor only
US capacity
~3%
Hub
Packaging

What OSATs do

OSATs Assemble, Package and Test Chips Made by Someone Else

Fabless chip companies own no packaging lines and rely on OSATs for all back-end work. Integrated device makers (IDMs) outsource part of their back end to balance capacity or reach packaging they do not run in-house. Foundries run captive advanced packaging for their leading-edge customers and send traditional packaging to OSATs.

OSAT services
ServiceWhat it covers
AssemblyWafer thinning, dicing, die attach, wire bonding or flip-chip bumping, molding, marking
TestWafer sort, final test, burn-in, system-level test, AEC-Q100 automotive qualification
Advanced packagingFan-out, 2.5D on silicon or RDL interposers, chiplet integration, system-in-package
SpecialtyMEMS cavities, RF modules, SiC and GaN power, optoelectronics, hermetic and rad-hard

Operators

ASE Leads, Amkor and JCET Follow, and Chinese Firms Fill the Second Tier

Revenue figures are for 2024, from TrendForce. Second-tier and specialty operators are on Specialty OSATs; plant-level detail is on Merchant OSATs.

Top 10 OSATs by 2024 revenue
OSATHQ2024 revenuePosition
ASE Technology (with SPIL)Taiwan$18.54BLargest OSAT; fan-out (FOCoS), flip-chip, SiP; CoWoS back-end work through SPIL; plants in Taiwan, China, Malaysia, Korea, Mexico; 2026 capex reported at $10.5B
Amkor TechnologyUnited States$6.32BOnly US-headquartered OSAT in the top 10; automotive leader; plants in Korea, Philippines, Vietnam, Japan, Portugal; Peoria, Arizona campus producing from early 2028
JCET Group (with STATS ChipPAC)China$5.00BLargest Chinese OSAT; XDFOI chiplet packaging; plants in China, Singapore, Korea
Tongfu MicroelectronicsChina$3.32BAMD's main packaging partner through its Suzhou and Penang joint ventures
Powertech TechnologyTaiwan$2.28BMemory packaging leader for Micron, SK hynix and Nanya; panel-level fan-out plan from 2027
HT-Tech (Tianshui Huatian)China$2.01BFastest-growing of the top 10 in 2024 (+26%); lead frame, BGA and fan-out
WiseRoad (UTAC)China$1.56BWise Road Capital's packaging group: UTAC plus former ASE plants in China; automotive and industrial
Hana MicronSouth Korea$0.92BMemory packaging for Samsung and SK hynix; +23.7% in 2024; Vietnam expansion
KYECTaiwan$0.91BLargest test house; first US test site funded by a $1.1B NVIDIA advance, high-volume test from April 2027
ChipMOSTaiwan$0.71BDisplay driver IC packaging and memory test

Capacity by region

Taiwan and China Each Hold About 30% of Back-End Capacity

A chip cannot ship without a package. A wafer made at TSMC's Phoenix fab today still flies to Taiwan for CoWoS, because no CoWoS-class line operates in the United States.

OSAT and captive capacity by region
RegionMain operatorsPosition
TaiwanASE and SPIL, Powertech, KYEC, ChipMOS; TSMC captive CoWoS, InFO and SoICAbout 30% of back-end capacity; all CoWoS today
ChinaJCET, Tongfu, Huatian, WiseRoadAbout 30%; mature volume plus a fast advanced-packaging ramp
South KoreaHana Micron, SFA Semicon, Nepes; Samsung and SK hynix captive HBMMemory and HBM concentration
Southeast AsiaAmkor Philippines and Vietnam, ASE and Tongfu Penang, Intel Malaysia, UTACVolume packaging; the main diversification destination
United StatesIntel Rio Rancho (captive); Amkor Peoria (2028); TSMC Arizona packaging (before 2029)About 3% of capacity (2023 estimate)
Japan and EuropeAmkor Japan and Portugal; IDM lines at Infineon, ST, NXP; Japanese specialty housesSpecialty, automotive and materials

Tiers

Leading-Edge Packaging Moved In-House; OSATs Hold the Middle and the Volume

Four packaging tiers and who runs them: leading-edge advanced packaging is captive at foundries and memory makers; mid-tier advanced and traditional volume packaging run at OSATs; memory and specialty packaging runs at captive lines and specialist OSATs Leading-edge advanced FOUNDRY AND IDM CAPTIVE TSMC CoWoS, InFO, SoIC; Intel EMIB, Foveros Samsung I-Cube; HBM at SK hynix, Samsung, Micron Mid-tier advanced ADVANCED OSATS ASE FOCoS and FCBGA; Amkor SWIFT and SLIM JCET XDFOI; CoWoS back-end work at SPIL and Amkor Traditional volume FULL OSAT BASE PLUS IDM LINES Wire bond, QFN, BGA for MCUs, analog, power ASE, Amkor, JCET, Tongfu, Huatian Memory and specialty CAPTIVE PLUS SPECIALISTS Powertech, Hana Micron, ChipMOS, KYEC (test) Rad-hard and hermetic houses

Packaging tiers, from the AI accelerator down to commodity parts.

Ten years ago nearly all packaging was outsourced. Leading-edge packaging is now captive because it is tied to the front end: TSMC makes the CoWoS interposer in the same company that makes the logic die, HBM4 and SoIC stacks are hybrid-bonded on wafers that stay under foundry process control, and thermal design is worked out jointly. ASE, Amkor and JCET are adding 2.5D and fan-out capacity to move up; the middle tier is squeezed from both sides. Architecture detail is on Advanced Packaging.

US capacity

US Packaging Capacity Arrives From 2027

  • Made in US
  • US planned
US packaging and test sites
SiteOperatorRoleStatus
Rio Rancho, New Mexico (Fab 9)IntelFoveros and EMIB, captiveProducing
Peoria, ArizonaAmkorMerchant advanced packaging, CoWoS-class, 10-year TSMC agreementProduction from early 2028
Phoenix, ArizonaTSMCCaptive CoWoS and SoICPlanned before 2029
West Lafayette, IndianaSK hynixHBM stackingHBM output 2H 2029
United States (site per KYEC)KYECTest for NVIDIAHigh-volume test April 2027

The CHIPS Act funded Amkor's Peoria campus and the National Advanced Packaging Manufacturing Program. Tesla's planned Terafab in Grimes County, Texas, would add captive packaging next to its own fabs; see Tesla Terafab. Facility-level US status for every plant is on Packaging and Test Facilities.

Record

Page Record

Covers
OSAT services, top 10 operators, regional capacity, packaging tiers, US packaging sites
Sources
TrendForce top 10 OSAT ranking (May 2025); TrendForce on Amkor and TSMC (June 2026); Bloomberg (2023) for US capacity share; company filings
Last verified
October 2026