AUSTIN, TX – The latest CSP market forecast shows a 7% CAGR from 2017 to 2022, with one of the strongest growth categories being the quad flat no-lead (QFN) package, with a CAGR of 8.8%, according to TechSearch International.

Demand for cryptocurrency devices in flip-chip CSPs and BGAs is expected to provide increased volumes this year to help keep foundries and OSATs busy. Few are willing to add foundry, substrate, or assembly capacity for cryptocurrency because of its unpredictability, but many are enjoying the windfall, according to the firm.

Projections for PC growth are flat and shipments of smartphones show low growth rates.