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   Technology StocksOLED Universal Display Corp

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From: Dkjunior1437/28/2021 5:50:18 PM
5 Recommendations   of 27491
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 27491
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 27491
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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From: jexzz7/29/2021 10:07:55 AM
   of 27491
COHR reports after bell. Should be interesting info there.

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From: slacker7117/29/2021 10:52:42 AM
8 Recommendations   of 27491
Samsung will begin mass production of QD-OLED's in Q4.

Interestingly, they mention using it for monitors as well as TV's.

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To: jexzz who wrote (26208)7/29/2021 5:57:53 PM
From: Dkjunior143
   of 27491
I am seeing that COHR reports on August 3rd... are you seeing a source that indicates it's happening today?

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From: I'manoledguy7/30/2021 9:03:31 AM
2 Recommendations   of 27491
A walk down OVJP memory lane and what was going on 12 years ago. I'm looking forward to this Tech becoming mainstream in the near future.

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To: Dkjunior143 who wrote (26210)7/30/2021 11:29:38 AM
From: jexzz
   of 27491
Sorry. My mistake. It’s today after the bell.

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To: jexzz who wrote (26212)7/30/2021 7:38:54 PM
From: mirage2017
   of 27491
It’s August 3rd

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To: mirage2017 who wrote (26213)8/2/2021 8:04:20 PM
From: jexzz
   of 27491
Thanks for clarity.

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