Blog

OLED

Samsung Display Acquires OLED Material Start-up Cynora

June 29, 2022

Samsung Display Co. (SDC) has acquired the German OLED material company Cynora for an undisclosed sum, according to a report from Bloomberg and from various industry sources. SDC has acquired the intellectual property rights held by Cynora but not the workforce. Cynora’s workforce has been terminated in recent weeks, according to Bloomberg and confirmed by industry sources.
Read More

IT

Advanced Notebooks Decline 26% But Remain Poised for 120% Y/Y Growth

June 27, 2022

Last week, we released the Advanced Notebook display results and our latest forecast in the Quarterly Advanced IT Display Shipment and Technology Report. Not surprisingly, we see declines in the total notebook market and slightly slower growth in the advanced notebook display market in 2022 as a result of inflationary concerns, weakened consumer demand and supply chain disruptions amid COVID 19 lockdowns.[
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More

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.
Read More