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keyword:Jeanette Chan10 result(s)

Press Releases
LCD TV Panel Prices Fall to New Low, Panel Production Capacity Cut in 3Q22, Says TrendForce

2022/06/09

Display

According to TrendForce, LCD TV panel quotations bore the brunt of continuous downgrades in the purchase volume of TV brands and pricing for most panel sizes have fallen to record lows Recently, it was announced that the 32-inch and 43-inch panels fell by approximately US$5~US$6 in early June, 55-inch panels fell approximately US$7, and 65-inch and 75-inch panels are also facing overcapacity pressure, down US$12 to US$14 In order to alleviate pressure caused by price decline and inventory, panel makers are successively planning to initiate more significant production control in 3Q22 According to TrendForce’s latest research, overall LCD TV panel production capacity in 3Q22 will be reduced by 12% compared with original planning As Chinese panel makers account for nearly 66% of TV panel shipments, BOE, CSOT, and HKC are industry leaders When there is an imbalance in supply and demand, a focus on strategic direction is prioritized  According to TrendForce, TV panel production capacity of the three aforementioned companies in 3Q22 is expected to decrease by 158% compared with their original planning, and 2% compared with 2Q22 Taiwanese manufacturers account for nearly 20% of TV panel shipments so, under pressure from falling prices, allocation of production capacity is subject to dynamic adjustment On the other hand, Korean factories have gradually shifted their focus to high-end products such as OLED, QDOLED, and QLED, and are backed by their own brands However, in the face of continuing price drops, they too must maintain operations amenable to flexible production capacity adjustments TrendForce indicates, in order to reflect real demand, Chinese panel makers have successively reduced production capacity However, facing a situation in which terminal demand has not improved, it may be difficult to reverse the decline of panel pricing in June However, as TV sizes below 55 inches (inclusive) have fallen below their cash cost in May (which is seen as the last line of defense for panel makers) and is even flirting with the cost of materials, coupled with production capacity reduction from panel makers, the price of TV panels has a chance to bottom out at the end of June and be flat in July However, demand for large sizes above 65 inches (inclusive) originates primarily from Korean brands Due to weak terminal demand, TV brands revising their shipment targets for this year downward, and purchase volume in 3Q22 being significantly cut down, it is difficult to see a bottom for large-size panel pricing TrendForce expects that, optimistically, this price decline may begin to dissipate month by month starting in June but supply has yet to reach equilibrium, so the price of large sizes above 65 inches (inclusive) will continue to decline in 3Q22 TrendForce states, as panel makers plan to reduce production significantly, the price of TV panels below 55 inches (inclusive) is expected to remain flat in 3Q22 However, panel manufacturers cutting production in the traditional peak season also means that a disappointing 2H22 peak season is a foregone conclusion and it will not be easy for panel prices to reverse However, it cannot be ruled out, as operating pressure grows, the number and scale of manufacturers participating in production reduction will expand further and it timeframe extended, enacting more effective suppression on the supply side, so as to accumulate greater momentum for a rebound in TV panel quotations For more information on reports and market data from TrendForce’s Department of Display Research, please click here, or email Ms Vivie Liu from the Sales Department at vivieliu@trendforcecom For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insidertrendforcecom/

Press Releases
Banned by the US, ChuZhou HKC Shipments Unaffected For Now, Says TrendForce

2022/02/09

Display

The Bureau of Industry and Security (BIS) of the US Department of Commerce recently issued the latest Unverified List (UVL) which includes ChuZhou HKC Optoelectronics Technology Co, Ltd, according to TrendForce’s investigations The announcement states that if US suppliers wish to ship products to companies on the UVL, they can still submit documentation to obtain a shipping license According to TrendForce’s understanding, the primary reason ChuZhou HKC is included on the UVL is that it plans to import panel-related analytical instruments from the United States in the near future, and actions taken by BIS are not indicative of the Chinese panel industry as a whole Currently, ChuZhou HKC is in the process submitting proposals and negotiating with its US material suppliers, thus TrendForce’s assessment is that there is no impact on the supply and shipment of ChuZhou HKC products for the time being It should be noted that according to TrendForce statistics, HKC’s Chuzhou plant will account for only 38% of global LCD panel capacity in 2022, which is a fairly insignificant share However, this plant accounts for 30% of HKC's own capacity, thereby playing a pivotal role in company production The Chuzhou factory primarily produces TV panels and monitor panels, among which TV panels account for nearly 80% of the factory's production If the current ban cannot be resolved smoothly, it will impact shipments of HKC TV panels In addition, the glass substrates used in HKC’s Chuzhou factory are sourced from multiple glass substrate suppliers, with approximately 40% coming from Corning, a US supplier Since Corning localized it production according to the location of panel makers, it is not expected to be limited by the restrictions on the export of US production to China enumerated on the UVL, but detailed regulations are still awaiting clarification At present, the supply of materials has not been affected, HKC’s Chuzhou plant maintains normal operation, and its clients have yet to move panel procurement away from the Chuzhou production line For more information on reports and market data from TrendForce’s Department of Display Research, please click here, or email Ms Vivie Liu from the Sales Department at vivieliu@trendforcecom For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insidertrendforcecom/

Press Releases
Apparent Oversupply of TV Panels Expected to Be Partially Addressed Via Panel Manufacturers' Production Capacity Adjustments in 4Q21, Says TrendForce

2021/09/14

Display

Thanks to their continued capacity expansion and M&A efforts, Chinese panel manufacturers accounted for nearly 60% of the global supply of TV panels in 1H21, according to TrendForce’s latest investigations These suppliers have not only managed to dominate their global competitors, but also become the key determinant of the supply and demand situation in the TV panel market TrendForce believes that, while the TV panel market has started to experience a bearish trend, the industry must pay close attention to whether Chinese suppliers will eschew their previous strategy of maximum capacity utilization and instead turn to other options in order to maintain the health of the overall market Taiwanese and Korean suppliers, on the other hand, have opted for a strategy that optimizes their existing operations by reallocating some of their production capacities from TV panels to other product categories such as IT panels In addition to raising these suppliers’ competitiveness through better product differentiation, the reallocation of production capacity also alleviates the suppliers’ pressure of having to rely solely on TV products to expend their panel capacities Because the TV panel market’s out-of-balance supply and demand situation is unlikely to be resolved on its own, certain panel manufacturers have already begun assessing the feasibility of adjusting their production capacities for 4Q21 In particular, Gen 85 and Gen 105 production lines, which manufacture the majority of TV panels, play a key role in ensuring balance between the market’s supply and demand While panel suppliers are expected to independently reduce their current capacity utilization rates, their new production lines will also gravitate towards a slowdown in panel output Furthermore, ongoing issues with the supply of glass substrates will also constrain the capacity utilization rates of certain panel suppliers Taking the above considerations into account, TrendForce expects Gen 5 (and above) production lines to contribute to the supply of all display panels, measured by total panel area, by 25% less than previously expected for 4Q21 As well, in order to alleviate the pressure of excess production capacity for TV panels, panel suppliers will not only increase the share of 85-inch (and above) TV panels in their current output, but also reallocate some of their production capacities from TV panels to IT panels, including desktop monitor panels and notebook panels, both of which are currently in demand These aforementioned assumptions would suggest that total TV panel input by area is expected to undergo a 21% QoQ decline for 4Q21 In particular, Gen 85 lines, which account for much of TV panel manufacturing, will experience the most noticeable capacity reduction at an 115% QoQ drop for 4Q21 For more information on reports and market data from TrendForce’s Department of Display Research, please click here, or email Ms Vivie Liu from the Sales Department at vivieliu@trendforcecom For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insidertrendforcecom/

Press Releases
OLED Panels Expected to Reach 3% Penetration in TV Panel Market in 2021 Owing to Persistently Narrowing Price Gap with LCD Panels, Says TrendForce

2021/08/05

Display

Thanks to TV manufacturers’ aggressive procurement activities, global TV panel shipment for 1H21 reached 1352 million pcs, a 35% YoY increase, according to TrendForce’s latest investigations Notably, high-end OLED TV panels and 8K LCD TV panels showed diametrically opposed movements The former product category reached a 26% market share in 1H21 (with room for further growth going forward) due to LGD’s capacity expansion as well as the narrowing gap between OLED panel prices and LCD panel prices On the other hand, the latter’s market share fell to a mere 02% in 1H21 as panel suppliers were generally reluctant to manufacture 8K LCD TV panels due to these panels’ poor yield rates TrendForce’s findings indicate that Chinese panel suppliers were able to achieve a 583% share in the TV panel market, which was nearly 5 percentage points higher than their 1H20 market share, thanks to their growing number of production lines Conversely, Taiwanese suppliers saw their market share drop by 22 percentage points from 1H20 levels to 211% in 1H21 This decline took place because of their limited production capacities and because they reallocated some of their production capacities for TV panels to IT products instead Korean suppliers likewise experienced a decline in market share to 143% after SDC shuttered its Korea-based LCD fabs L7-2 and L8-1-2 and sold its Suzhou-based Gen 85 fab to CSOT Finally, Japanese suppliers’ market shares increased to 63% as a result of SDPC’s Gen 105 capacity expansion Regarding OLED TV panels, which are relatively high-end products, it should be pointed out that LGD is the sole supplier of these panels Not only did LGD expand the production capacity of its Guangzhou-based OLED panel fab, but LGD’s clients in the TV sector were also increasingly willing to procure OLED panels in light of the narrowing gap between OLED panel prices and LCD panel prices Hence, the penetration rate of OLED panels in the TV panel market grew to 26% in 1H21, with about 3556 million pcs shipped throughout the period Furthermore, now that the Guangzhou fab’s OLED panel capacity reached 90k sheets/month in 2Q21, TrendForce expects annual OLED TV panel shipment for 2021 to reach 8 million pcs, with a 3% penetration rate in the overall TV panel market On the other hand, 8K LCD TV panels reached a mere 02% penetration rate in the TV panel market in 1H21 because panel suppliers’ concerns about profit and yield maximization resulted in their relatively low willingness to manufacture these products On the demand side, clients were also unwilling to procure these panels due to persistently high quotes from suppliers With regards to panel suppliers, CSOT in particular benefitted from the unique structure of its client base, which allowed it to dominate more than half of the 8K LCD TV panel market, with AUO taking second place The respective market shares of CSOT and AUO currently sit at 544% and 226% TrendForce forecasts a 02% penetration rate for 8K LCD TV panels for 2021 as the growth of these products is constrained by their relatively high prices and the current paucity of 8K content For more information on reports and market data from TrendForce’s Department of Display Research, please click here, or email Ms Vivie Liu from the Sales Department at vivieliu@trendforcecom For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insidertrendforcecom/

Press Releases
With Peak Demand Having Already Passed, Glut Ratio of Panels Likely to Rise to 2.6% in 2H21 Due to New Capacity Installations, Says TrendForce

2021/06/28

Display

In view of aggressive procurement activities for panels used in various applications, TrendForce forecasts a 2% glut ratio for the large-sized TFT-LCD panel market for 2021, representing a supply and demand situation that ranges from “healthy” to “slightly in shortage” As a lack of components constrained panel shipment in 1H21, the overall panel market during this period had a 12% glut ratio, which was lower than the average range of 25-3% and represented a supply shortage in the panel market Hence, panel prices were driven into an uptrend for the first half of the year Regarding the glass input of panel suppliers for 1H21, despite the tight upstream supply of glasses due to certain work safety-related accidents, the overall capacity utilization rate of panel suppliers remained above 80% Furthermore, as newly installed capacities, including CSOT’s T7 fab and HKC’s production lines in Changsha, kick off production, large-sized TFT-LCD glass input by area grew to 1178 Mn2 (million square meters) On the other hand, owing to the proliferation of the stay-at-home economy last year, most display brands carried a relatively low level of inventory, which prompted them to ramp up their panel procurement However, owing to a shortage of ICs, panel glass shipment (by area) for 1H21 reached a mere 1164 Mn2 TrendForce expects two developments to take place in 2H21: First, the arrival of the traditional peak season for monitors in 3Q21 means that demand for IT panels will still remain above a certain baseline; second, there is an ongoing trend for TVs to shift towards large-sized form factors In light of these factors, although panel suppliers are expected to install significant amounts of production capacity in 4Q21 and thereby drive the glut ratio of panels to 26% for 2H21, this overall glut ratio is still within a healthy range Nevertheless, as suppliers gradually ramp up their newly installed capacities, the quarterly glut ratio of panels is expected to increase by 05% from 24% in 3Q21 to 29% in 4Q21 Not only is 29% the highest quarterly glut ratio in 2021, but it is also the second highest since 1Q20, during which the onset of COVID-19 led to an oversupply of panels at a 75% glut ratio TrendForce therefore believes that peak demand in the panel market has already passed Regarding the glass input and shipment by area for 2H21, certain panel suppliers are expected to perform routine fab maintenance during the holiday season Even so, as Gen 105 production lines from certain suppliers and various other production lines from HKC begin ramping up capacities, the overall large-sized TFT-LCD glass input area is expected to massively increase by 59% compared to 1H21 to 1272 Mn2 in 2H21 In particular, 4Q21 will see the highest quarterly glass input by area, at 64 Mn2 As previously mentioned, the shift towards larger-sized TFs and the persistent demand for IT products are expected to propel the overall demand for large-sized TFT-LCD glass in 2H21 to 1239 Mn2, which is 14% higher than 1H21 For more information on reports and market data from TrendForce’s Department of Display Research, please click here, or email Ms Vivie Liu from the Sales Department at vivieliu@trendforcecom For additional insights from TrendForce analysts on the latest tech industry news, trends, and forecasts, please visit our blog at https://insidertrendforcecom/

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