Blog from May 2021

Financial

LCD Capex Up, OLED Capex Down in Latest DSCC Equipment Spending Report Reflecting Market Conditions

May 10, 2021

DSCC’s latest Quarterly Display Capex and Equipment Market Share Report reveals a surge in LCD equipment spending to respond to dramatically improved market conditions in the LCD market. DSCC sees LCD revenues rising 32% in 2021 to $112B on strong unit and area growth with prices and profitability rebounding to or even exceeding the 2017 levels. With LCD suppliers able to sell everything they can make at attractive margins; it should be no surprise that most LCD manufacturers are looking to expand capacity. However, unlike previous upturns when many new fabs were built, in this upturn panel suppliers are looking to stretch their capacity through smaller investments, simplifying their processes, debottlenecking, etc. Having said that, we still see two new G8.6 mega fabs being built. Over the last three months, we have added or expanded 14 different LCD investments. The result versus last quarter is a 10% or a $2.2B increase in 2020-2024 LCD spending from $21.8B to $24B. As shown below, our latest 2021 LCD equipment spending forecast is up 15% versus last quarter’s forecast to $10B, with 2021 LCD equipment spending up 125% versus 2021. In addition, 2022 was upgraded by 28% to $3.5B.
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OLED

AMOLED Materials Market to Grow 36% in 2021

May 10, 2021

Sales for AMOLED stack materials for all applications are expected to grow by 36% in 2021 and to grow at a 15% annual rate from $927M in 2019 to $2.18B in 2025, according to the latest update of DSCC’s Quarterly AMOLED Material Report. The report details all aspects of AMOLED materials, including multiple applications, supplier matrices and cost comparisons.
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Financial

LCD TV Panel Prices Keep Going Up with No End in Sight

May 17, 2021

Strong demand for LCD products combined with concerns about shortages in key components have driven LCD TV panel prices to their most significant increases ever on a percentage basis, and prices show no signs of slowing down in Q2. In our last update in early April, we anticipated that price increases would decelerate in Q2, but we now see price increases accelerating compared to Q1. Panel prices increased by 27% in Q4 2020 compared to Q3 and slowed down to 14.5% in Q1 2021 compared to Q4, but our current estimate is that average LCD TV panel prices in Q2 2021 will increase by another 17%. We now expect prices to peak sometime in Q3 2021.
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TV

SID/DSCC Business Conference Download – TV Display Technology and Markets

May 24, 2021

The Business Conference session on TV Display Technology and Markets brought five presentations, including my own, three from the market research side and two from the industry representing competing technologies for wide color gamut. My presentation covered material that should be familiar to DSCC Weekly Review readers, so I will not duplicate it here, but I can describe the main topics:
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