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Technology Stocks : OLED Universal Display Corp
OLED 220.44+3.4%Jul 28 4:00 PM EDT

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From: Ravid.Ron4/16/2021 12:26:50 AM
3 Recommendations   of 26213
LGD President Chung Ho-young, "Nothing to say" in Samsung's 'OLED'

LG Display President Chung Ho-young was silent about the supply of OLED TV panels to Samsung Electronics.

President Jeong attended the inauguration ceremony of the'Carbon Neutral Industry Transformation Promotion Committee' held at the Korea Chamber of Commerce and Industry in Jung-gu, Seoul on the morning of the 16th, as chairman of the Korea Display Industry Association.

After the event, President Jeong met with <News1> reporter, and he spared his words, saying, "I have nothing to say" to the question, "Is it true that some media reports that LG Display supplies OLED panels for TV to Samsung Electronics?"

This is an answer that is neither positive nor negative, and it is analyzed that President Chung deliberately took an ambiguous attitude. Since LG Display is a parts company, the industry practice of not being able to reveal whether or not a contract with a set maker has been concluded has also had an impact.

In recent years, inside and outside the display industry, rumors have spread that LG Display is supplying OLED panels for TVs to large electronic companies. As the world's only TV OLED panel manufacturer, LG Display is already supplying panels to leading domestic and overseas TV manufacturers such as LG Electronics, Sony, Panasonic, Vizio, and Philips.

In the electronics industry, only Korea's Samsung Electronics and China's TCL are being discussed as large TV makers with potential for cooperation. Among them, TCL's display company CSOT, which is a subsidiary, is researching the production of inkjet-based OLED panels in cooperation with Japan's JOLED, and the industry evaluation is that it is unlikely to cooperate with LG Display.

In the midst of this, in April, some media reported that a senior executive of Samsung Electronics and LG Display had recently met in their home country, and reported that the partnership between the two companies has entered the phase of materialization. However, immediately after the report, Samsung Electronics refuted that it was "unworked."

LG Display and Samsung Electronics have already established a cooperative relationship. Samsung Electronics, which has been supplying LCD (liquid crystal display) panels from Chinese companies, requested help from LG Display due to a lack of supply, and the two companies cooperated in the LCD field.

In particular, it seems that the industry is paying more attention to the fact that OLED is a newly mentioned field. This is because Samsung Electronics has pointed out the shortcomings of OLED TV several times and cut it down in the relationship between Samsung Electronics competing with LG Electronics' OLED in the premium TV market with'QLED'.

Kim Hyun-seok, CEO of Samsung Electronics' CE (consumer electronics) division, as well as Han Jong-hee, president of the video display business division, have repeatedly stressed that Samsung Electronics is unlikely to produce OLED TVs, saying, "It is true that there is only an OLED TV." .

In particular, Samsung is analyzed as a situation where Samsung Display, a display subsidiary, is producing'QD displays' as the next-generation food, and Samsung Electronics also needs to reduce the proportion of LCD TVs and speed up the transition to next-generation products.

In this process, Samsung Electronics puts products using micro LEDs and QD displays in the'super premium' group, but there is a possibility to produce OLED TVs as transitional'semi-premium' products before QD products are commercialized.

An industry official said, "From the standpoint of panel supplier LG Display, there will be no reason to supply OLED panels by covering up set companies." Said.


IMO, this is the era of Shortage.
Corona is the cause, so I don't know how long it will go.

LG Display is happy internally, but seems to control speak and manage facial expressions.
Let's see what will happen.
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