Blog from October 2022

Display Trend

Slowdown in Display Fab Utilization in Q3 Was Worse Than Expected and Continues in Q4

October 24, 2022

The slowdown in display fab utilization that we predicted earlier this year reached new depths in the third quarter and was even more severe than we expected, according to the latest release of DSCC’s Quarterly All Display Fab Utilization Report issued this week. After more than a full year of panel prices falling to reach all-time lows, and after the entire display supply chain built excessive inventory, panel makers started to reduce utilization in Q2 and the slowdown accelerated in Q3. After a 6% sequential decline in Q2’22, total TFT input for all display makers in the third quarter was down 20% Q/Q and 24% Y/Y at 66.1M square meters, and in the current Q4’22 we expect total TFT input to be flat Q/Q and down 23% Y/Y at 66.1M square meters.
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Financial

Samsung’s Profits Decline But Display Sets Profit Record

October 31, 2022

Although the pandemic boom in semiconductors is over, and consumer electronics demand has weakened, Samsung Electronics continued to generate strong revenues and profits from multiple businesses, and its display business set a new profit record in the first quarter after ending LCD production. While competing display makers reliant on LCD suffered severe losses in the quarter (see separate story), Samsung generated profits selling OLED panels.
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