In DSCC’s Quarterly Display Supply Chain Financial Health Report, we analyze and compare all publicly traded display equipment suppliers’ financial results and include insights from our Quarterly Display Capex Report where appropriate. As revealed in the latest issue, Nikon jumped from #3 to #1 in Q1’19 in display equipment supplier revenues on the strength of recognizing six G10.5 litho tools, which are the most expensive tools in TFT backplane fabs by a significant margin. Nikon enjoyed 6% Q/Q and 13% Y/Y growth to $398M in display equipment revenues in Q1’19, while many of its other competitors saw declines. We expect Nikon to lead in litho equipment revenues in 2019 with a 68% to 32% revenue share advantage over Canon in the $2.1B display litho market. Nikon is expected to have an 84% revenue share in LCDs and a 17% share in OLEDs. Litho market share is forecasted out to 2023 in DSCC’s Quarterly Display Capex and Equipment Service.
Foxconn this week submitted plans for construction of its first major manufacturing facility at its Wisconn Valley complex and received a recommendation for approval by the Mount Pleasant village Plan Commission. The company also saw a leadership change this week, with Chairman Terry Gou stepping down to focus on his campaign for President in Taiwan.
Corning held an Investor Day event in New York City on Friday, June 14th, and rolled out new strategic targets for the corporation, but the most important development of the day for the display industry was given by an executive who was not present. Corning’s John Zhang, Senior Vice President and General Manager of Corning Display Technologies, appeared in a video feed to announce that Corning will build two new Gen 10.5 glass plants in the coming year, in Guangzhou and Wuhan, China. While Corning did not discuss the clients for these plants, we know that the Guangzhou plant will be supplying Foxconn’s plant in that city, and the Wuhan plant will supply BOE’s second Gen 10.5 plant there.
I recently finished our Q2’19 Quarterly Display Capex and Equipment Service Report which was expanded by 21 additional categories this quarter to 64 different equipment segments as mentioned at https://bit.ly/2XAUnuV. However, there were a number of other additional deliverables and highlights.
DSCC has updated its Quarterly OLED and Mobile LCD Fab Utilization Report with results for May and the latest estimates for June. As shown in the chart here:
Source: DSCC Quarterly OLED and Mobile LCD Fab Utilization Report
DSCC announces the arrival of our latest report, the Quarterly All Display Fab Utilization Report, available immediately. With many equipment and materials suppliers’ financial results directly related to panel suppliers’ fab utilization, we developed this service to help companies, industry analysts and financial analysts assess the impact of flat panel display suppliers’ fab utilization on company performance and the industry outlook.
We’ve seen a few developments on the Foxconn – Wisconsin project in the last few weeks. Here’s an update of the latest:
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