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Financial

BOE Bounces Back from COVID in Q2 to Finish Strong First Half

September 1, 2020

BOE Technologies, Inc (BOE) issued its 2020 Interim Report this week with financial results for the first half of 2020. Revenues, which had declined in Q1 due to the COVID-19 pandemic, bounced back to set a record in Q2. While much of the flat panel display industry has suffered losses before and during the pandemic, BOE posted profits, and the company has posted a profit in every quarter since Q2 2016.
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Financial

Display Equipment Revenues Rise 6% Q/Q in Q2’20 Based on Survey of 35 Suppliers

August 31, 2020

We have finalized our look at the financial results for 35 publicly traded display equipment suppliers in our Quarterly Display Supply Chain Financial Health Report and found that revenues grew 6% Q/Q to $1.76B. Due to COVID-19, travel restrictions and quarantines, it was a tough quarter. But display equipment companies managed to grow. On a Y/Y basis, revenues were down 20% and were down for the 6th straight quarter. However, we are expecting to see Q/Q AND Y/Y growth in Q3’20 and Q4’20 as tools not fully installed in 1H’20 are recognized in 2H’20 along with an already expected to be strong 2H’20.
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Display Equipment

China Star Acquires Samsung Suzhou

August 31, 2020

TCL Technology Group, the corporate parent of China Star Optoelectronics Technology (CSOT), announced this week an agreement to acquire Samsung Display’s assets in Suzhou, China, including a Gen 8.5 fab and a co-located LCD module plant. Under the deal, TCL will pay Samsung more than $1 billion, but the majority of the money is returned to TCL as an investment, and Samsung Display will become a minority shareholder in a TCL subsidiary.
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Events

Summer Sprout Develops Deep Red Phosphorescent OLED Emitters for Automotive Lighting. Potential Competitor to Universal Display

August 26, 2020

One of the many important developments to come out of the SID DisplayWeek symposium was a paper by a potential competitor for Universal Display Corporation in the field of phosphorescent OLED emitters. The paper was given in session 83, OLED Displays II, and entitled Optimization of High-Performance Deep-Red OLEDs Using Tandem Structure for Automotive Lighting Application, given by Huiqing Pang of Beijing Summer Sprout Technology Co, Ltd. The paper describes Summer Sprout's development of a red phosphorescent emitter for automotive OLED lighting, and lists six authors with Huiqing Pang as the lead. Dr. Pang is identified as a Vice President of Beijing Summer Sprout Technology Co., Ltd.
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Financial

Universal Display’s Awful Q2 Explained by Inventory, Fab Utilization

August 17, 2020

Universal Display Corporation (UDC) released its Q2 2020 financial results on Thursday, August 6th, and the company described a terrible Q2 but some positive indications about Q3, and referred to positive developments at DisplayWeek toward commercialization of a blue phosphorescent emitter. We show how UDC’s Q2 results can be explained by analysis using DSCC’s Quarterly Display Fab Utilization Report, and review the Samsung paper in DisplayWeek and its implications for blue.
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TV

Samsung Holds Top TV Spot in Q2, TCL Surges to #2

August 17, 2020

Samsung remained the #1 brand for TV shipments in Q2 2020, despite a modest Y/Y decline in shipments, while TCL surged past LG Electronics for the #2 spot, according to the latest update of the DiScien Monthly Global TV Shipment Report, available in Japan, Europe and the Americas through DSCC’s exclusive relationship with DiScien. The report covers quarterly TV shipments for the top 15 global TV brands by brand, screen size, display technology, resolution, and geographical region, with pivot tables to enable fast and easy analysis.
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Financial

Pandemic Hit US Electronic Imports, but TV Imports from China Recover in Q2 Despite Tariffs

August 17, 2020

US imports of electronics goods in the second quarter of 2020 declined by 11% Y/Y to $73.1 billion despite high demand for TVs, according to analysis of data released by the US International Trade Commission (US ITC). While imports from China declined on a Y/Y basis, they recovered from Q1 lows despite the pandemic and punitive tariffs on TVs, and Mexico was the region hardest hit by the pandemic.
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Display Equipment

DSCC Upgrades Capex Forecast on New Fabs, China Dominates, New Segments Added

August 10, 2020

DSCC issued the Q3’20 version of its Quarterly Display Capex and Equipment Market Share Report last week which upgraded 2019-2024 spending by 4% on a move-in basis and 5% on an install basis on a number of new fabs added in China. There were 3 new fab lines added over the 2021-2023 period all in China for OLEDs. China is expected to account for 84% of 2019-2024 LCD and OLED spending. China’s share of LCD spending will be 100% and its share of OLED spending will be 76%.
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