Report

PSA Macro: Dec 2025 Machinery Orders Surge

Strategist Pelham Smithers discusses the surge in Dec 2025 machinery orders. Impressive though they may be, they only show part of a picture. That suggests machinery customers are starting to panic about when they might get hold of equipment.
Underlyings
Fanuc Corporation

Fanuc is engaged in the development, manufacture and sale of CNC systems as well as application products based on its engineering. Co.'s principal products include Factory Automation (FA) products such as computer numeric control (CNC) systems and laser products; The Robot including collaborative robot, arc welding robot, palletizing robot, mini/small/medium/large size robot and paint robot; and the he Robo-machine such as robodrill(compact machining center), roboshot (electric injection molding machine), robocut (wire-cut electric discharge machine) and robonano (ultra precision machine).

Taiwan Surface Mounting Technology Corp.

Taiwan Surface Mounting Technology and its subsidiaries are engaged in the design, processing and manufacture of thin film transistor liquid crystal display ("LCD") panels, light-emitting diode ("LED") light bar, LCD television mother board and other electronic products, flexible printed circuits for digital cameras, control panels for home appliances, circuit boards and surface mounting packaging for wireless network related telecommunication products.

Taiwan Union Technology

Taiwan Union Technology Corporation is a Taiwan-based company mainly engaged in the production and distribution of materials of printed circuit boards (PCBs). The Company mainly operates through two business segments, including Taiwan Union Technology Corporation segment, as well as Mainland China and Subsidiaries segment. The Company mainly provides copper clad laminates (CCLs), prepregs, mass laminates and others. The Company distributes its products primarily within the domestic market and to overseas markets, including the rest of Asia and other areas.

Provider
Pelham Smithers Associates Ltd
Pelham Smithers Associates Ltd

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries. 

The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012. 

Analysts
Pelham Smithers

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