Japanese
KoreanLeading Display Equipment Suppliers’ Revenues Fall for Sixth Straight Quarter
As revealed in our latest Quarterly Display Supply Chain Financial Health Report, display equipment revenues for 17 of the largest suppliers fell 9% Q/Q and 7% Y/Y to $1.4B, declining on a Y/Y basis for the sixth straight quarter as shown in the figure here. At $1.41B, it was the second worst quarter since Q2’20, when COVID disrupted equipment deliveries and installations. Display equipment spending is on the decline due to a decline in display demand resulting from the COVID bubble when significant display demand was pulled in along with a rise in supply in 2021 and 2022 as suppliers responded to the higher demand by adding more capacity. As a result, utilization plummeted, LCD TV panel prices fell below cash cost and panel manufacturers began delaying spending, which should extend through most of 2023.
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