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   Technology StocksOLED Universal Display Corp

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From: thelurker7/27/2021 8:43:45 PM
2 Recommendations   of 28666
AMOLED panels make significant headway in notebook, tablet segments
Propelled by the relentless efforts of Korean and Chinese panels makers, the application of the AMOLED panels has made significant headway in the tablet and notebook sector since 2021.
In addition to smartphones, Samsung Display has been trying to expand the application of AMOLED panels to tablets and notebooks. It had made little progress in the past 5 years, but recently, the outlook turned positive as consumers became more sensitive on pricing.

The adoption of AMOLED panels in the tablet sector has begun to accelerate since 2020. Samsung Electronics, Lenovo and Oppo, all launched the related models featuring high-resolution AMOLED displays.

Additionally, Huawei's Mate Pad Pro, launched in June 2021, also features a 12.6-inch AMOLED screen with a resolution of 2,560 by 1,600 pixels. China-based Everdisplay Optronics (EDO) supplies the AMOLED displays for the Mate Pad Pro.

Meanwhile, Samsung Display plans to release over 10 models of notebook panels in 2021, compared with the five ones launched a year earlier, as other brand vendors, including Lenovo and Xiaomi, have begun to roll out 13.3- and 15.6-inch notebooks with AMOLED displays said the sources.

Xiaomi's AMOLED-based Mi Pro 15 notebooks, launched in the first quarter of 2021, brought down the prices of AMOLED notebooks to the CNY6,000 (US$900) segment; it propelled Asustek to roll out its VivoBook Pro 14 with more aggressive pricing, ranging from CNY4,999 to 5,499.

Along with the expanding availability of AMOLED notebooks, Omdia has forecast that global AMOLED notebook panel shipments are likely to reach 5.112 million units in 2021, up from 980,000 units shipped a year earlier.

China-based Sigmaintell Consulting is even more upbeat about the shipment prospects of AMOLED notebook panels. It expects AMOLED notebook panels worldwide to top seven million units in 2022, with Samsung Display alone accounting for five million units.

The consulting firm also expects such shipments to reach over 15 million units in 2023, with a market penetration rate of 7%.

Currently, LG Display is offering 13.4-inch AMOLED panels to Lenovo, while EDO focuses on producing 15.6-inch models, indicated the sources, adding that BOE Technology and Sharp may also begin shipping their AMOLED notebook panels in 2022.

Global shipments of AMOLED panels for tablets are to reach 6.5 million units in 2021, with Samsung Display contributing 4.5 million and EDO accounting for the remainder of two million, according to Sigmaintell.

It added that global AMOLED tablet panel shipments are likely to close to 10 million units in 2022.

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From: Dkjunior1437/27/2021 9:36:21 PM
1 Recommendation   of 28666
We will see how the upcoming UDC conference call goes and how the below commentary from AAPL Management regarding chip shortages affects UDC's guidance. I think Q2 2021 will prove to have been a strong quarter for UDC, but worry about lackluster (cautious) forward guidance resulting in a negative offset to the positive revenue and earnings results.


UPDATE 5-Apple says chip shortage reaches iPhone, growth forecast slows7:52pm ET, 07/27/2021 - Reuters
(Adds analyst comments)

By Stephen Nellis

July 27 (Reuters) - Apple Inc said on Tuesday that a global chip shortage that has bit into its ability to sell Macs and iPads will start to affect iPhone production and forecasted slowing revenue growth, sending its shares lower.

Apple executives said revenue for the current fiscal fourth quarter will grow by double-digits but be below the 36.4% growth rate in the just-ended third quarter. Growth will also slow in Apple's closely watched services business, they said.

In a conference call with investors, Apple executives also said that while the impact of the chip shortage was less severe than feared in the third quarter, it will get worse in the fourth, extending to iPhone production.

Shares of Apple, whose valuation has more than doubled in about three years to nearly $2.5 trillion, were down 1.7% to $144.24 in after-hours trading after the call.

Earlier in the day, Apple reported third-quarter sales and profits that beat analyst expectations as consumers bought premium versions of its 5G iPhones and signed up for its subscription services. China sales grew 58% to $14.76 billion in the quarter, which ended June 26.

Driven by the better-than-expected iPhone sales, total revenue hit $81.43 billion, above analyst expectations of $73.30 billion, according to IBES data from Refinitiv. Apple's profits were $21.74 billion, or $1.30 per share, above estimates of $1.01 per share, according to Refinitiv.

During the investor call, Chief Executive Tim Cook said that chips affected by the shortages are made with older technology but are still needed as supporting parts to make the company's flagship device, the iPhone.

"We do have some shortages," Cook said, "where the demand has been so great and so beyond our own expectation that it's difficult to get the entire set of parts within the lead times that we try to get those."

Cook declined to predict whether the shortages would last into Apple's fiscal first quarter, when it typically sees its biggest iPhone sales. Angelo Zino, an analyst with research firm CFRA, said Apple could be stockpiling chips for its next generation of phones to the detriment of current models.

"Apple will want as many chips as it can get its hands on," Zino said. "But when you couple that with the existing supply constraints, Apple is likely going to have a more difficult time meeting demand this year."

Apple had told investors last quarter that the chip shortage could hold back sales by $3 billion to $4 billion.

In an interview on Tuesday, Cook told Reuters that the hit to overall revenue in the third quarter was "lower than the low end" of its previously forecasted range.


Apple's strongest sales growth came from China, where Cook told Reuters that customers are buying up accessories such as the Apple Watch to pair with their iPhones.

"It wasn't just iPhone. We set a new quarterly record for Mac, for wearables, home and accessories, and for services" in China, Cook said. "It was our strongest geography."

Upgrading for 5G appeared to be driving a better buying cycle for iPhones than many analysts expected. Apple said iPhone sales were $39.57 billion, up nearly 50% from a year earlier and above analyst expectations of $34 billion.

Cook told Reuters that Apple's iPhone 12 Pro and 12 Pro Max, the premium tier of the device, were strong sellers. That helped pushed gross margins to 43.3%, above estimates of 41.9%, according to Refinitiv.

On the conference call, he said 5G adoption is in its early stages of deployment in many countries around the world. Some analysts wondered whether that means the boom in 5G iPhone sales won't last - consumers may buy a phone ahead of time and keep it until the service rolls out. Other analysts believe that means Apple can keep riding the boom.

"The low 5G penetration is a reminder that the best is yet to come for the company's 5G iPhones," said Tom Forte, an analyst at D.A. Davidson & Co.

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From: Ravid.Ron7/27/2021 10:13:19 PM
1 Recommendation   of 28666
LG Display, 2Q operating profit of 701.1 billion 'surprise performance'... maximum in 4 years

LG Display recorded 'surprising results' (earnings surprise) thanks to the display boom in the second quarter of this year. It is the first time in four years since the second quarter of 2017 that LG Display's operating profit exceeded 700 billion won. Sales also achieved the highest performance in the second quarter of the year. Sales growth in the TV division, including OLED, and solid performance in IT led to overall profit improvement.

LG Display announced on the 28th that it recorded 6.96 trillion won in sales and 701.1 billion won in operating profit in the second quarter of this year.

Compared to the previous quarter, sales increased by 1% and operating profit increased by 34%. Compared to the same period last year, sales increased by 31% and operating profit improved by more than 1 trillion won. The operating profit margin in the second quarter was 10%, recovering to double digits for the first time in 16 quarters.

The EBITDA profit rate was 25.4% (EBITDA of 1.77 trillion won), the highest level since the third quarter of 2009, and the net profit was 423.8 billion won.

Major financial indicators showed continuous improvement, with a debt ratio of 164%, a current ratio of 96%, and a net debt ratio of 69%.

In terms of sales by product, IT panel accounted for the largest share at 39%, while the proportion of TV panel, which increased by 7% QoQ, and mobile panel, accounted for 23%.

By major business division, OLED TV shipments in the first half were 3.5 million units, which already exceeded 80% of last year's annual shipments.
LG Display plans to continuously strengthen the position of OLED TVs in the ultra-large market in the second half of the year and further expand the mid-size premium market. At the same time, we plan to discover and nurture high-margin, high-growth fields that can realize the unique value of OLED.

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From: Ravid.Ron7/27/2021 10:14:19 PM
6 Recommendations   of 28666
LGD to exceed 10 million OLED panel supply for TV next year

LG Display predicted that the supply of OLED panels for TVs will exceed 10 million units next year. It is also preparing for the possibility of a decline in the price of LCD panels for TVs, and has also revealed its will to strengthen the LCD field for IT.

At a conference call for the 2nd quarter of 2021 earnings announcement held on the 28th, LG Display said, "If the Guangzhou plant in China has an additional production capacity of 30,000 sheets, the supply of OLED panels for TV in 2022 will be about 10 million units." "Additional productivity If we supplement this, we can have a supply system of 11 million units by 2023.”

He emphasized that there will be no delay in profitability due to additional investment in the OLED business.

LG Display explained, "In the case of a large-scale investment, we will execute it based on a thorough preliminary review of whether the capability is sufficiently secured and the quantity and profitability after the investment."

In relation to POLED (Plastic Organic Light Emitting Diode), additional investment in the IT mobile sector is under review. He said that he would communicate with the market as soon as the review is finalized and can be shared.

LG Display announced that it has converted a large part of LCD equipment for TVs to IT. LG Display said, "LCD structure innovation does not mean giving up the LCD business, and the key is to further strengthen the areas that can differentiate competitiveness." LCD capacity has halved from the previous maximum, but we will respond to market fluctuations through strategic customers similar to IT while operating mainly on high-margin large-sized businesses.”


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From: Ravid.Ron7/27/2021 10:16:11 PM
1 Recommendation   of 28666
[Con-call] LG Display "P-OLED investment review in progress"
In the 2Q earnings conference call held on the 28th, LG Display said, "We are reviewing investment for P-OLED expansion. We are reviewing a large part of it. We will notify the market immediately when the review is finalized and available for sharing. "he said.

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To: Ravid.Ron who wrote (26198)7/28/2021 9:23:41 AM
From: I'manoledguy
2 Recommendations   of 28666

LG Display reviewing building another OLED line for Apple

  • Gijong Lee
  • 2021.07.28 18:02

  • Company to share plan once finalized
    E6-3 to add 15,000 substrates per month in capacity
    Image: Apple
    LG Display said on Wednesday that it was reviewing the construction of an additional OLED production line for IT and mobile applications.

    The statement is effectively a confirmation that the company plans to restart spending on the E6-3, which will manufacture OLED panels for Apple.

    LG Display CFO Suh Dong-hee said during the company’s conference call for the second quarter that the plan to build an additional plastic OLED line for IT and mobile has been reviewed substantially.

    Suh said the company will make an announcement to the market once the plan is finalized.

    IT OLED panels refer to those used in iPads and other tablets. Mobile OLED panels refer to panels for smartphones like the iPhone.

    LG Display is expected to add 15,000 Gen 6 (1500x1850mm) substrates per month in its production capacity.

    At the conference call for the second quarter of 2020, the company had said it had no plan to add 15,000 substrates per month in capacity for the time being.

    At its latest conference call, LG Display also said it expected its large OLED business to turn a profit in the second half of the year.

    The business is expected to record mid-single digit in operating margin rate next year, the CFO said.

    In the long-term, LG Display is hoping to make the business record double digit profit margins. The company began manufacturing large OLED panels for TVs back in 2013.

    LG Display expects to ship 10 million units of large OLED panels next year, and 11 million units in the following year.

    The company had shipped 3.5 million units in the first half. It is aiming to ship early-2 million units in the third quarter.

    Meanwhile, the company posted 6.96 trillion won in sales in the second quarter and 701 billion won in operating income. The firm turned a profit compared to a year prior. Sales increased 31.3% year-on-year.

    LG Display said it benefited from the increase in price and demand for liquid crystal display panels and strong sales of its large OLED panels.

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    From: FenTech7/28/2021 3:46:17 PM
       of 28666
    Nanosys going public - GigInternational1, Inc. (GIW) Stock Price Today, Quote & News | Seeking Alpha

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    From: Dkjunior1437/28/2021 5:50:18 PM
    5 Recommendations   of 28666
    More chip shortage insight from Qualcomm's earnings release and conference call:

    UPDATE 3-Qualcomm forecasts sales above Wall Street as supply bottlenecks ease5:23pm ET, 07/28/2021 - Reuters
    (Adds details on supply chain and profit forecast and analyst comments)

    By Stephen Nellis

    July 28 (Reuters) - Qualcomm Inc on Wednesday forecasted fiscal fourth quarter revenue higher than Wall Street expectations thanks to sales of 5G phones, including Apple Inc's iPhones, and a growing portfolio of other chips.

    The San Diego, California-based company is the biggest supplier of mobile phone chips in the world and the leader in 5G technology, supplying modem chips that help iPhones connect to wireless data networks and the modems and central processors for much of the Android market.

    Shares were up 3.1% to $146.86 in after-market trading following the results, which could alleviate some concerns among investors about the impact of a global chip shortage on the smart phone market, including the iPhone.

    Qualcomm Chief Executive Officer Cristiano Amon told investors during a conference call that the company's efforts to secure its chips from multiple manufacturing partners were making progress, with the first shipment of significant volume in the fiscal third quarter and more to come in the coming months.

    "We're still on track to materially improve supply by the end of the calendar year," Amon said.

    The company is also benefiting from the exit from the global smartphone market of China's Huawei Technologies Co Ltd . Huawei's flagship models did not use Qualcomm chips but its rivals, who are now snapping up market share, mostly do.

    Qualcomm has also been working to boost sales of other chips, such as radio-frequency chips that augment its 5G phone chips and whose sales have doubled in the past year. Sales are also growing for a variety of chips for cars and for "internet of things," or IoT, applications.

    Qualcomm said on Wednesday it expects sales of those chips to hit $10 billion this fiscal year, up from $6 billion the previous year. The company also said it expects adjusted profits of $8.24 per share for its fiscal 2021, nearly double the previous year.

    Qualcomm's chip revenue forecast for the current fiscal fourth quarter had a midpoint of $7.25 billion, compared with analyst estimates of $6.83 billion, according to Refinitiv data.


    Some analysts believe a global chip shortage has held back Qualcomm's sales. Qualcomm executives have said that while their own supply chain bottlenecks are easing, some of their customers cannot find the chips they need to make full devices.

    Apple on Tuesday predicted the chip shortage would start to hit its iPhone in the fourth quarter.

    On Wednesday, Qualcomm said that global sales of 5G handsets for 2021 was likely to come in at the higher end of its forecast of 450 to 550 million handsets. That means that phone makers are likely directing any chips that are in short supply toward production of their more profitable 5G devices. Apple shares rose 0.14% in after-hours trading after Qualcomm's results.

    "While there remain some parts tightness in some periphery chips in the smartphone sector, we don't think its material enough to cause any meaningful downside, as the industry will prioritize the supply for 5G instead of 4G," said Kinngai Chan, an analyst at Summit Insights Group.

    Qualcomm forecast overall sales and adjusted profits with midpoints of $8.8 billion and $2.25 per share, above estimates of $8.50 billion and $2.04 per share, according to Refinitiv data.

    The company predicted revenue with a midpoint of $1.55 billion from its patent licensing business, compared with analyst expectations of $1.56 billion, according to Refinitiv data.

    For the fiscal third quarter ended June 27, Qualcomm said overall adjusted revenues and adjusted profits were $8 billion and $1.92 per share, higher than estimates of $7.58 billion and $1.68 per share, according to Refinitiv data.

    Mobile handset chips remain Qualcomm's biggest seller, increasing 57% to hit $3.86 billion in the quarter.

    "Qualcomm has done a phenomenal job in driving the 5G ecosystem. For sure it’s moving a lot faster than 4G," said Paolo Pescatore, an analyst at PP Foresight.

    But sales of other chips have been expanding, with radio frequency chips and IoT chips reaching sales of $957 million and $1.4 billion, up 114% and 83% from a year earlier, respectively. (Reporting by Stephen Nellis Editing by Sonya Hepinstall)

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    From: thelurker7/28/2021 8:04:07 PM
    3 Recommendations   of 28666
    Samsung earnings (snip)-

    Display Earnings Improve on One-off Gain and ASP RiseThe Display Panel Business posted KRW 6.87 trillion in consolidated revenue and KRW 1.28 trillion in operating profit for the second quarter. Its earnings improved from the previous quarter despite weak seasonality for mobile products, primarily due to a one-time gain as well as an increase in overall ASP.

    Mobile display saw its earnings grow as the continued adoption of OLED panels by customers helped its profit margin remain strong. Compared to a year earlier, both sales and operating profit increased substantially because of wider adoption of OLED displays as well as the base effect. For large displays, while the conversion of manufacturing lines to QD displays affected revenues, profitability improved thanks to the increased ASP of panels for TVs and monitors.

    Looking ahead to the second half, Samsung expects demand to recover for mobile displays as major customers are planning to launch new flagship models, including high-value products such as foldable phones. However, there are concerns that a supply crunch of certain components such as DDIs may affect shipments for some customers. Meanwhile, the Company forecasts the sales of IT devices and portable gaming products featuring OLED screens to grow in earnest.

    Samsung will continue to strengthen its market leadership by introducing new technologies such as Under Panel Camera (UPC) and low-power consumption related one. For large displays, the Company will focus on finalizing the mass production process for QD display to allow product shipments to start within the year.

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    From: Ravid.Ron7/29/2021 2:53:53 AM
       of 28666
    Currently, Korea is making efforts to localize FMM, which was exclusively produced by Japan, in two technological ways.

    Currently, it can be said that all small and medium-sized OLEDs are manufactured using FMM.

    1. Laser method: The most visible, realistic, and bright future.
    2. Method using electroplating: Having a lot of difficulties(Time, Money, Issues, etc) in implementing the technology.

    In case 1, They have set a goal to implement FMM not only for AR purposes but also from monitors to large TVs in the long term.
    In case 2, a small company tried for a long time and eventually sold the business to a large company due to technology and financial problems.

    Hanwha Solutions acquires 60 billion won OLED material company… Looking beyond the display business

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