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IT

Advanced Monitor Market Expected to Rise 328% Y/Y - More Brands Entering the Category

June 27, 2022

In the recently released Quarterly Advanced IT Display Shipment and Technology Report, some highlights for Advanced Monitors include: • In Q1’22, advanced monitor panel shipments grew 45% Q/Q and 219% Y/Y to 412K panels. We expect to see an increase to 625K panels in Q2’22, a 52% Q/Q increase with MiniLED models outpacing OLED models by more than a 5:1 ratio.
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IT

DSCC Updates Tablet Forecasts, OLEDs Poised to Take Significant Share from 2024

June 20, 2022

DSCC reported on its latest results and forecasts for OLED, MiniLED LCD and LED LCD tablet panels in its latest Quarterly Advanced IT Display Shipment and Technology Report. We refer to OLED and MiniLED tablets as Advanced Tablets. This category fell 5% Q/Q while rising 362% Y/Y to 2.43M. It was the second best quarter to date for this category on continued strong demand for the 12.9” MiniLED iPad Pro and the launch of Samsung’s OLED Galaxy Tab S8+ and S8 Ultra. MiniLEDs had a 56% share of the Advanced Tablet market on a unit basis in Q1’22, down from 74%, and a 71% share on a revenue basis, down from 87%, with the disparity related to the higher MiniLED panel prices.
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Financial

Samsung Halting All Display Panel Purchasing

June 20, 2022

With concerns about excess inventory in a deteriorating economy, Samsung has notified all business groups to suspend purchases and control their inventory status. Samsung has informed flat panel display makers in smartphone and TV markets that panel purchases will be halted. Samsung is the world’s largest supplier of both smartphones and TVs. The news may be a coincidence, but at the end of this month Samsung will end LCD TV production at its last remaining production site, the L8-2 Gen 8.5 fab in Korea. The closure will mark the end of more than 25 years of LCD production by Samsung Display.
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Financial

Excess Inventory Acts as a Gale-Force Headwind for Display Industry

June 13, 2022

Excessively high inventory throughout the flat panel display value chain will continue to put pressure on prices and will likely lead to a sharp slowdown in industry production in the second half of 2022. Throughout the display value chain, the surge in demand generated during the pandemic’s early days, combined with shortages and transportation problems, set in motion a path toward building a mountain of inventory. Now that the pandemic demand peak has passed, that big mountain needs to be consumed before a normal supply/demand balance can be restored.
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Display Equipment

Mixed Quarter for Display Equipment Suppliers

June 13, 2022

Q1’22 was a mixed quarter for display equipment suppliers with some positive and negative results as seen in our Quarterly Display Supply Chain Financial Health Report published last week. Positive developments included: • Display capex from 13 publicly traded display companies rose 10% Q/Q to $5.5B, the highest value since Q1’21 with China Star and BOE both over $1B and LGD right under $1B. • Estimated private company capex was also up Q/Q resulting in total capex up 50% Q/Q to $8.1B. • Capital intensity rose for the second straight quarter after falling for four straight quarters. It rose from 13% in Q4’21 to 16% in Q1’22, with lower display revenues due to lower prices a large factor. • Equipment spending on an install basis rose 33% Q/Q.
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Financial

Flat Panel Display Revenues, Profits Tumbled in Q1’22

May 31, 2022

Flat panel display maker revenues declined Q/Q from their all-time high in Q4’21, and total industry profits declined Q/Q at all levels of the income statement – gross profits, operating profits, pre-tax profits, net profits and EBITDA profits, according to the summary of their financial performance in DSCC’s Quarterly Display Supply Chain Financial Health Report.
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Events

Summary of the MiniLED and MicroLED Session at the SID/DSCC Business Conference

May 31, 2022

One of the virtual sessions at the SID/DSCC Business Conference was dedicated to advances in MicroLED and MiniLED. This article presents the highlights from this session. You can still register to watch all recordings of the conference. DSCC Leo Liu opened his talk with an observation that the Haitz Law held from the 1960s through the 2020s and appears to be on track for the 2030s. Haitz Law is considered to be the equivalent of Moore’s Law for the LED industry. It states that after each decade, the amount of Lumen per package increases by 20× and the cost per Lumen decreased by 10×.
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Events

Interview with Porotech

May 24, 2022

Porotech was at Display Week to demonstrate its DynamicPixelTuning technology. This innovative technology for MicroLED displays enables color tuning in a monolithic InGaN layer. Porotech won the Best Prototype award in the I-Zone (Innovation Zone).
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