Shipments of Taiwan’s four major motherboard manufacturers declined in 2022

Thanks to the COVID-19 epidemic and the cryptocurrency market, PC components such as graphics cards were hot for a long time from 2020 to 2022, allowing manufacturers to reap huge profits. As one of the important components of PCs, the motherboard did not get many extra dividends during the same period, and the market has turned weak since the beginning of 2022.

According to DigiTimes, some board practitioners said that the shipments of the four major Taiwanese motherboard manufacturers collapsed in 2022, a decrease of more than 10 million units compared to 2021. Due to the fierce decline, some manufacturers expect that there is not much room for the rise, and the market should reach the bottom. The main goal of ASUS, Gigabyte, and ASRock in 2023 is to stop the decline, while MSI is relatively optimistic and expects to ship volume will increase.

MSI B760 Tomahawk Wi-Fi DDR4, Source: VideoCardz

As the number one brand in the motherboard market, ASUS shipped about 15.5 million and 16.4 million motherboards in 2018 and 2019, respectively. At the beginning of 2020, due to the outbreak of the COVID-19 epidemic, shipments decreased significantly, but in the second quarter, there was a contrarian growth. The annual shipments rushed to 17 million units and even exceeded 18 million units in 2021. After entering 2022, the market situation has reversed, causing annual shipments to drop to 13.6 million units, a drop of about 25%, exceeding expectations by nearly 10%, and the results are even worse than before the epidemic.

Due to the strong shipments of server motherboards, Gigabyte’s shipments have experienced a relatively small decline. In the four years from 2018 to 2021, the shipments were 11 million, 10.5 million, 13 million, and 11 million respectively. By 2022, Gigabytes fell below the 10 million mark, and the annual motherboard shipments will be between 9.4 million and 9.6 million.Due to the support of gaming notebooks and graphics cards, MSI’s performance has been steadily increasing in recent years, but the shipments of motherboards are relatively average. If the OEM part is not included, the shipment volume in 2020 was about 6.7 million units, which increased to 9.5 million units in 2021 and dropped to 5.5 million units in 2022.

ASRock, which has performed well in the server market in recent years, has shipped 4 million and 4.3 million units in 2018 and 2019 respectively and maintained a level of about 6 million units in 2020 and 2021. However, in 2022, it was directly cut in half, falling to 2.7 million units.

Looking forward to 2023, Asus’s forecast is quite conservative, and it is believed that there will be a slight downward adjustment, and Gigabyte is expected to be flat. ASRock expects a slight increase. In contrast, MSI’s target is more positive and optimistic, and it is expected that there will be a 15% rebound.