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Materials

AGC Glass Tank Accident Impact May Extend Glass Tightness

February 1, 2021

An accident at an AGC glass plant in Korea may have only a small impact on the current shortage for display glass but is likely to extend the tightness until summer. After a tank failure at Corning and a power outage at NEG, this accident at AGC means that all three of the major display glassmakers have experienced production problems in the last six months.
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Financial

LGD Books Big Q4 Profit But Full Year Loss for 2020

February 1, 2021

The big increases in LCD TV panel prices and a seasonal increase in shipments of OLED panels helped LG Display (LGD) to its best quarter for profitability in more than three years in Q4 2020, but LGD’s Q4 profits fell just short of bringing the company to profit for the full year.
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Financial

Samsung Profits Slow Down in Q4

February 1, 2021

After a record-breaking Q3, Samsung Electronics slowed down a bit in Q4 as sales of its smartphone products slumped, but strong revenues in display products and other divisions kept the company on a Y/Y growth path.
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Display Equipment

BOE Plans to Raise $3B for New Fabs

January 25, 2021

On January 15th, 2021, BOE announced plans to raise CNY 20 Billion ($3.1B) to fund ongoing fab projects after its stock reached a new high of CNY 7.49. According to BOE’s announcement, it plans to use the funds for the following projects:
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TV

LCD TV Panel Prices Continue Rising in Q1 2021

January 18, 2021

Continuing strong demand and concerns about a glass shortage resulting from NEG’s power outage have led to a continuing increase in LCD TV panel prices in Q1. Announcements by the Korean panel makers that they will maintain production of LCDs and delay their planned shutdown of LCD lines has not prevented prices from continuing to rise. Panel prices increased more than 20% for selected TV sizes in Q3 2020 compared to Q2, and by 27% in Q4 2020 compared to Q3, and we now expect that average LCD TV panel prices in Q1 2021 will increase by another 9%.
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Display Trend

Ten Predictions for the Display Industry in 2021

January 4, 2021

To start off 2021, I will continue the tradition started two years ago of laying out some predictions for the year. I consulted with my DSCC colleagues for both topics of interest and for predictions and received contributions from Ross and Guillaume, but I write this column for my own account, and readers should not assume that anyone else at DSCC holds the same opinions. While I’ve numbered these predictions, the numbers are for reference only; they are not in any particular order.
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Materials

Power Outage at NEG May Create Q1 Glass Shortage for Displays

December 24, 2020

A power outage at one of NEG’s main glass production sites in Japan may exacerbate an already tight glass supply situation and lead to a full-blown glass shortage. An unrelated tank problem at one of Corning’s Gen 10.5 plants in China adds to the supply woes. A constraint on glass supply may lead to a corresponding constraint on LCD panel supply which may lead to even greater price increases for LCD panels.
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Display Equipment

DSCC Report Shows Equipment Suppliers Recover in Q3’20

December 14, 2020

After a difficult Q1’20 and Q2’20 as a result of COVID-19 related travel restrictions to customers in China, the display equipment market rebounded in Q3’20, enjoying Y/Y growth for the first time since Q4’18 and higher margins. In a survey of 36 publicly traded display equipment companies, we found that their display equipment revenues rose 58% Q/Q and 24% Y/Y to $2.8B, the highest since Q4’18, breaking a streak of 6 consecutive quarters with a Y/Y decline. The Q3’20 surge can be attributed to delays in installations in Q1’20 and Q2’20 which represented the lowest values since Q1’16. Importantly, the rebound won’t end in Q3’20. We see a strong Q4’20 as well, especially for Canon which is installing multiple high-priced VTE systems and litho systems to China and Korea.
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Foldable

Samsung Dominating Foldable Smartphone Market, Big Changes Coming in 2021

December 14, 2020

DSCC has released the second issue of its Quarterly Foldable/Rollable Display Shipment and Technology Report. Highlights of the Q4’20 issue include: • Foldable panel shipments are expected to rise 454% in 2020 to 3.1M units in 2020. Foldable panel revenues are expected to rise 394% to $462M. Shipments and revenues are below earlier expectations as US restrictions prevented Huawei from launching the Mate X2, an 8” in-folding device which was expected to drive a lot of volume in Q4’20. • Samsung is clearly the dominant brand in 2020 with over a 90% share in Q3’20 and Q4’20 on a panel procurement basis and an 87% share for the year. On a brand shipment basis, its share is even higher for 2020 at 88%.
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