SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

   Technology StocksOLED Universal Display Corp


Previous 10 Next 10 
To: chessboard_andy who wrote (25876)4/21/2021 12:16:00 PM
From: Ravid.Ron
   of 26190
 
It is not easy to explain because I have short English skills.
I didn't change'introduce' to'buy' because of bad intentions.
(I understand you are not blamed me. short English)

Although that article does not explain REAL FACT whether or not LG display OLED panels will be purchased in the future, but I understood that in the meaning of the word they are not buying.

I was just trying to deliver the article. Sometimes changing word would be better to give more accurate expressions by myself, so I changed the word (recently, this article is the only one.)

Repeat again.
I do not own OLED Stock.
In delivering the news, I reiterate that I have never had any bad intentions.

I decided that it would be better not to deliver the article.
It seems to be causing this misunderstanding and it doesn't seem be good.
(sent a message to admin for dropping my account)

I know that this place is all made up of good investors, so I believe you will have good results.
I hope you all make a successful investment.
Cheers

Share RecommendKeepReplyMark as Last ReadRead Replies (4)


To: ynotgoal who wrote (25877)4/21/2021 12:26:10 PM
From: slacker711
   of 26190
 
FWIW, UDC's inventory situation at the end of last year.

They have enough materials for at least 18 months of production so I would hope that they slowed material purchases during the quarter. Regardless though, the rise in iridium prices are a definite risk for earnings and will likely make for some bad headlines.





December 31,







2020





2019



Raw materials



$

46,843





$

25,920



Work-in-process





9,904







7,987



Finished goods





34,844







30,046



Inventory



$

91,591





$

63,953




Share RecommendKeepReplyMark as Last ReadRead Replies (1)


From: qddb4/21/2021 12:29:41 PM
   of 26190
 
Foxconn Shrinks Plans for Wisconsin Plant
Electronics maker signs new deal with state to invest up to $672 million, instead of up to $10 billion

Some snips from behind paywall: wsj.com

Foxconn is scaling back plans for a liquid-crystal-display plant in Wisconsin, saying it expects to invest a fraction of the $10 billion promised nearly four years ago, according to a new contract with the state.
Foxconn, a supplier of screens for Apple Inc., has previously said fast-changing LCD technology complicated plans in Wisconsin. In a recent report, Foxconn said the project was also slowed by “cultural assimilation, changing business demands, tariffs, a pandemic, and a presidential election year.”
The new contract allows incentive payments for “economic investment activities related to locating and operating a technology and manufacturing ecosystem.” The old contract required Foxconn to build a specific type of screen-making facility in Mount Pleasant, 25 miles south of Milwaukee.

Share RecommendKeepReplyMark as Last Read


To: Ravid.Ron who wrote (25880)4/21/2021 12:30:35 PM
From: slacker711
9 Recommendations   of 26190
 
There is no reason for you to leave. Your contributions are very much appreciated.

Share RecommendKeepReplyMark as Last Read


From: chessboard_andy4/21/2021 12:35:01 PM
3 Recommendations   of 26190
 
Throw-back Tuesday. . . 2.2" "screen equivalents" and the iriver Clix


As I was writing my last post, I had a moment of nostalgia for the old Y! board and the many discussions of capacity expansion at that time.

Way back in the mid-aughts we used to talk a lot about screens per month. The term of art the UDC came to use was "screen equivalents" which as I recall referred to the area equivalent to a 2.2" screen.

Something very similar but at a different order of magnitude continues to take place in LG Displays press releases regarding capacity. For example in the July 2018 press release about the Guangzhou Joint Venture getting approval from the Chinese authorities comes the following:

"Adding that to the production capacity of 70,000 input sheets per month from the company’s plants in Paju, LG Display’s total production capacity of large-size OLED panels will reach 130,000 sheets per month by the second half of 2019. This capacity will enable the company to ship up to 10 million 55-inch OLED TV panels on a yearly basis."

(My emphasis.) The 55" TV is the new 2.2" mp3 screen.

The math is pretty interesting and simple. 8.5G Glass measures 2200mm*2500mm=5,500,000 mm^2
So each sheet represents 5.5 square meters of glass. UDC materials coat the entire area.
Coincidentally, an 8.5G Glass efficiently produces six (6) 55" display panels.
130,000 sheets/month * 6 panels/sheet * 12 months/year = 9,360,000 panels per year at the 55" "Screen Equivalent" measure. (The 9.36 compared to 10 million stated capacity is merely a function of rounding errors on the throughput.)

So, when you look at numbers related to the numbers of OLED TV's sold keep in mind that the metric we care about should not be the number of television. Honestly it shouldn't even be the number of "Screen Equivalents." It should be meters squared.

As a final note. 10.5G glass measures 2940mm*3370mm=9,907,800 mm^2. So a bit over 9.9 m^2 of glass. As I was discussing in my prior note these sheets are basically 11' tall by nearly 10' wide and they need specially built doors and equipment to move them around. The size limit is constricted to practical issues such as overpasses and train tunnels at that point. Interestingly, one of the potential benefits of OVJP is that the process can be done vertically or horizontally and the glass should not have to be moved much from chamber to chamber, so large glass may be a "perfect fit" whenever this comes to pass.

Chessboard,
Andy

Share RecommendKeepReplyMark as Last Read


To: Ravid.Ron who wrote (25880)4/21/2021 12:37:29 PM
From: chessboard_andy
6 Recommendations   of 26190
 
Please do not leave and thank you for your contributions.

I did not mean any offense at all and just wanted to clarify my interpretation.

Kind regards,
Andy

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Ravid.Ron who wrote (25880)4/21/2021 12:46:09 PM
From: Dkjunior143
1 Recommendation   of 26190
 
Your posts are very much appreciated, Ron ... please don't go anywhere and please continue posting here!

We all understand that communicating the full intent in what someone has said is difficult in and of itself, and even more difficult when you have to translate. I certainly do not think you intentionally changed words or meanings for the purpose of creating confusion or altering the overall message of what was stated by Jong-Hee Han ... it is purely an issue with the process of translating from one language to another and not anything improper done by you. None of this is a problem for me, and I feel confident the others on this board feel the same.

Also, I don't believe any actual misunderstanding was created from what you posted earlier. All that occurred was some discussion about some other possible interpretations of what Jong-Hee Han said. Those additional discussions about other possible meanings is a good thing, and is creating additional useful content on the board. So thank you for posting something that sparked that additional conversation and analysis. We all benefit from this.

I hope you choose to stay. It seems that you believe that others on this board are upset with you, and I feel confident that is not the case. I certainly appreciate all of your contributions and believe others feel that way too.

Take care!
- Dave

Share RecommendKeepReplyMark as Last Read


To: chessboard_andy who wrote (25879)4/21/2021 12:47:15 PM
From: slacker711
2 Recommendations   of 26190
 
Timing around the Q2 earnings release in July seems to be the key for CapEx announcements.




That is close enough for me. The official announcement doesn't matter much anyway. They have yet to officially announce the Guangzhou expansion but the Korean press is already saying that they are signing contracts for equipment.

If an announcement is coming in July, they will likely give some hints that they are considering it in their current earnings call.

One of the key reasons in favor of 10.5G glass was the extreme level of waste with 65" and 77" screens. Careful implementation of MMG mitigates that issue immensely. There is obvious demand for the 48" and 32" screens that can be built alongside the big screens to get back to 85%+ glass utilization. Perfecting, refining and speeding up MMG seems like a much more straight-forward engineering challenge.


The exact economics of the various fab sizes is hard to ascertain but I would note that LCD fabs can (and do) use MMG but Samsung is closing their Gen 8 LCD fabs due to competition from Gen 10.5 fabs in China. My guess is that despite the efficiencies, MMG adds to the cost of production and the fact that the very largest TV sizes (>80") arent supported hurts the overall profitability of the smaller fabs.

Regardless though, any new capacity should make sense at this point.

If LGD doesn't start new capacity this year, then we'll likely see TV panel shipments max out at roughly 10m units until a printable technology comes along. That would mean ink jet (which would be terrible for UDC) or waiting for OVJP (a 3-5 year pause would also be terrible for UDC).

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: chessboard_andy who wrote (25885)4/21/2021 1:52:46 PM
From: Ravid.Ron
5 Recommendations   of 26190
 
I wasn't feel offended absolutely.
Don't care. Never mind.Focus on investment.

I think your writing is a reasonable question.

It is not easy to invest in Korean stocks and US stocks at the same time for 24 hours.
I need to take a rest for a while.
Cheers

Share RecommendKeepReplyMark as Last Read


To: slacker711 who wrote (25887)4/21/2021 1:53:36 PM
From: chessboard_andy
   of 26190
 
If you are talking about LGD's 55" "screen equivalents" capacity, then the increase from 130K sheets per month to 160K sheets per month will bump capacity 20% from ~10m equivalent units to ~12m equivalent units.
If LGD doesn't start new capacity this year, then we'll likely see TV panel shipments max out at roughly 10m units until a printable technology comes along.
That 30K extra Guangzhou sheets was always noted in the plans for that facility, and as you noted it seems to be moving forward as we speak. That much growth is a given, but the timing remains to be seen.

If they only mention the extra 30K sheets in July, I will be disappointed. I am looking forward to that call as I do see it as important as to the direction of large scale production ramp. I don't anticipate too many hints about the ramp at the Q1 call although they may confirm the 30k at that time. I would see that as welcome confirmation, but it is already "baked in."

Beyond the 30K, it makes sense to delay as long as possible before committing to specifics, but they have already made clear that the transfer and growth of OLEDs in the large are display ecosystem is a long-term plan. As they make the transition, they must balance:
  • Maintaining their pricing power & margins as consumer acceptance and their customer base of OEMs grows. (If the Samsung reports are legit, that story is 100% complete.)
  • Any conversion of LCD capacity is tricky considering the great profitability they are getting from those lines in light of the current pricing of LCD panels. (I think there are either 1 or 2 8G lines that could be converted rather than taking up space at Paju or squeezing more equipment into the current footprint.
  • Waiting to see the developments and potential competition from the QD OLED tests at SDC as well as implementation of Mini LCD. If competing Premium TV technologies can aggressively undercut pricing within premium market, that could impact their growth plans. At this point as processes are refined, depreciation is moving forward and efficiencies are gained, that seems unlikely.
  • Waiting for the holy grail of direct deposit to have a breakthrough moment.

I think that last bullet of direct deposit is too unlikely to derail implementation of a growth plan utilizing the current production methods, which is my point of disagreement with you.

Obviously time will tell, and I am looking forward to the July Q2 conference call by LGD.

Andy

Share RecommendKeepReplyMark as Last ReadRead Replies (1)
Previous 10 Next 10