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: Dkjunior143 who wrote (25896)4/22/2021 6:29:22 PM
From: slacker711
   of 26728
 
This agreement is even harder to explain than the LGD agreement.

Access to tandem IP seems unlikely to be a priority for Visionox.

Plasmons? Blue?

on the negative side, I really hope that UDC isn't making any moves based on the price moves in iridium.

Overall, I don't have a clue.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Dkjunior143 who wrote (25896)4/22/2021 7:38:06 PM
From: mirage2017
2 Recommendations   of 26728
 
Something is prompting these early renewals and my guess is blue. This is very good news.

Share RecommendKeepReplyMark as Last Read


To: slacker711 who wrote (25898)4/22/2021 9:36:24 PM
From: ynotgoal
   of 26728
 
Overall, I don't have a clue.

Me either. It should make for an interesting conference call in 2 weeks and annual shareholder meeting on June 17. It's unlikely but the only thing that comes to mind specifically for Visionox is they never said the length of their contract so I guess its possible it was a 3 year deal. Seems unlikely given the timing with LG.

UDC also put out an SEC filing for the ASM tonight which they normally do at this time. This next is just wild observations looking for dots to connect for some clue. The one thing in the filing is they renamed the "Compensation Committee" to the "Human Capital Committee". Changing the name is generally not newsworthy but also odd. The stated reason is "to emphasize that this committee’s focus is broader than simply compensation". Yet each of the stated duties is to determine executive compensation. They also added a third member to this Human Capital Committee, Keith Hartley, 77, who is on the board. He background is in the capital markets.

This has likely always been there but one of the duties is "10. Review and approve the compensation package for any newly elected CEO." Just to note Steve Abramson is 69 and Sid Rosenblatt is 73. UDC might want to re-up contracts if they are expecting to look for a new CEO or a buyout and a Human Capital Committee would seem like the place to evaluate a potential new CEO. Steve and Sid would receive over $70 million apiece in a buyout scenario.

None of those give a reason for LG and Visionox to want to extend the contracts early though. I'm not sure a UDC technology like blue does that either but it could be. It will be interesting to hear the real reasons soon.

Share RecommendKeepReplyMark as Last ReadRead Replies (3)


To: ynotgoal who wrote (25900)4/22/2021 11:08:47 PM
From: slacker711
1 Recommendation   of 26728
 
It's unlikely but the only thing that comes to mind specifically for Visionox is they never said the length of their contract so I guess its possible it was a 3 year deal.




The presentation is now gone but I am nearly positive that Sid stated that Tianma was the only expiring license this year at the Needham conference in January.

Random speculation, but maybe UDC has some pricing mechanism in their contracts that allows them to raise material prices based on the underlying cost of iridium? They could have agreed to reduced prices in exchange for an extension.

I don't know if that is plausible but I am having trouble coming up with non-IP related reasons for these extensions.

Share RecommendKeepReplyMark as Last ReadRead Replies (2)


To: slacker711 who wrote (25901)4/22/2021 11:39:49 PM
From: ynotgoal
1 Recommendation   of 26728
 
I don't know if that is plausible but I am having trouble coming up with non-IP related reasons for these extensions.

This is going way back to the original 2005 Samsung agreement but I think it still holds that the agreements covers patents UDC obtains during the term of the contract. I think the excluded patents were blue but, again, not sure how an extension would change that. And not sure why they would need to do an early extension for IP they already have access to.

License Rights to Future Patents. To the extent Universal Display has the right to do so, SMD’s license rights under Section 2.1 above will be expanded to include, and Universal Display hereby grants to SMD a license under, additional patents, for which Universal Display at anytime during the Term acquires the ownership interest or the right to grant license thereunder, to the extent such additional patents cover SMD’s manufacture, use, importation, or sale of OLED Display Modules through Permitted Processes as contemplated hereunder, but excluding any such patents which (a) [***], and (b) [***], unless separately agreed in writing. [***]
sec.gov

The presentation is now gone but I am nearly positive that Sid stated that Tianma was the only expiring license this year at the Needham conference in January.

I think I remember that, too.

Share RecommendKeepReplyMark as Last Read


To: slacker711 who wrote (25901)4/22/2021 11:43:55 PM
From: Creaky Skier
   of 26728
 
Does UDC actually manufacture emitters? I thought PPG manufactured them to UDC specifications.
If so is there any way to determine the cost of the Iridium that goes into the emitters?

As a percentage of selling price?
Thanks

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: ynotgoal who wrote (25900)4/23/2021 4:34:44 AM
From: I'manoledguy
1 Recommendation   of 26728
 
Visionox is A-Pillar in the Chinese Oled industry. It would make sense for a new contract based upon moving from sampling/R&D material usage to a full mass production usage scenario. Visionox spun off their Pmoled business and has gone full Amoled.

More on being A-Pillar In the community. We should see two or more more Oled Screens in autos very soon that aren't on the dash. Most major auto manufacturer's have patents for this new application.

Visionox

programmersought.com

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: I'manoledguy who wrote (25904)4/23/2021 4:51:44 AM
From: I'manoledguy
   of 26728
 
Visionox going full Amoled

graphiclcddisplay.com

Visionox start mass-producing the first fully under-screen front-facing smartphone camera

mspoweruser.com
2020-06-08

Chinese display company Visionox has announced the first mass-produced fully under-display smartphone camera. The OLED display features a new pixel structure, highly transparent materials, a special pixel arrangement and new driving circuitry.

Share RecommendKeepReplyMark as Last Read


From: Ravid.Ron4/23/2021 5:34:25 AM
2 Recommendations   of 26728
 
1.
1Q 2021 Mobile Usage OLED Shipment Trend Analysis (Rigid / Flexible)
-1 Q In 2021, global mobile AMOLED module shipments were 140.60 M units, 31.5% YoY.
-Rigid OLED shipments in 67.90 M units total 1 Q 2021.
-Significant growth of 4.2% QoQ and 13.9% YoY.
-Worldwide shipment of flexible OLED panels reaches 72.50 M units in 1 Q 2021.

2.
It is February data, but if you haven't seen it, it would be nice to refer to it using translator.

OLED laptop is coming
invest.kiwoom.com






3.
"The most powerful Galaxy is coming"...Samsung powers laptops
newsquest.co.kr

The last day of'World IT Show 2021'... Samsung·LG Electronics,'Zipcock' Home Appliances'Popularity'
paxetv.com

Apple's iPhone panel diversification, reducing Samsung and increasing LG
asiatoday.co.kr

Previewed'Galaxy Book Pro 360' ..."Rotate 360 degrees, with S Pen"
Both models are equipped with OLED displays.
news.naver.com

The reason why LG Electronics products are a staple at presidential events... It is cutting-edge technology
This time, it's a transparent OLED signage... Rollable TV also appeared several times
seouleconews.com

From TV and mobile to the old...LGD expands the OLED ecosystem
sedaily.com

Samsung Electronics' Quantum Dot TV launch preparations, Han Jong-hee wrestles with LG Electronics' OLED
businesspost.co.kr

Samsung disagrees with the ruling of 'solars OLED patent infringement'… Request for reconsideration
theguru.co.kr
------------------------------------

I think it would be okay to change the news to the method of leaving only the title and url, and upload them all at once for reducing time consumption.
If you are curious about the Korean language in the image file, reply me and I will check it.

Share RecommendKeepReplyMark as Last ReadRead Replies (1)


To: Creaky Skier who wrote (25903)4/23/2021 7:32:16 AM
From: slacker711
   of 26728
 
PPG manufactures the emitters.

UDC's gross margin guidance was for 65-70% material margins going foward. UDC paid for the capital equipment that makes their emitters so I doubt that PPG has very high gross margins on their material sales to UDC.

If PPG gross margins are 20%, then the cost of the raw materials would make up 24% to 28% of UDC's material revenues. I assume that iridium makes up the bulk of those materials but I have no idea what the proportion might be.

The fact that UDC only shifted their gross margin guidance by a small amount could be a sign that their contracts have some leeway on pricing built into them.

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