The formation process and mechanism of the Sn3.5Ag/Cu solder bump during induction heating were investigated to elucidate the basic characteristics of the induction heating soldering process. During induction heating, solder balls quickly melted from the surface to the center, which could be utilized to prepare solder bumps of controlled height. Cu6Sn5 grains with a round scallop shape were generated at the interface as soon as the solder ball was wetted on the Cu substrate. With prolonged heating time, the uniform morphology of the interfacial Cu6Sn5 grains was transformed to a special morphology in which scallop-shaped grains occupy the central area of the interface, surrounded by prismatic grains. Numerous bulk Cu6Sn5 grains were precipitated and regularly distributed in the solder matrix, which affected the hardness and shear strength of the solder bumps.