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keyword:Leo Chen6 result(s)

Press Releases
Due to Weak Demand and High Inventories, Only 17.5 Million Notebook Panels Shipped in April, Hitting a New Post-Pandemic Low, Says TrendForce

2022/05/20

Display

According to TrendForce research, due to China's lockdowns and inventory adjustments by notebook brands, April notebook panel shipments totaled 175 million units, down 215% YoY, and a new low for shipments since April 2020 and the advent of the COVID-19 pandemic At the same time, shipments of notebook panels in 2Q22 is estimated at 551 million units, down 212% QoQ and 19% YoY According to TrendForce analysis, the latest wave of data corrections has occurred for two main reasons First, terminal demand has slowed down Due to factors such as the Russian-Ukrainian war, high inflation, and China’s lockdowns, the growth of major world economies has stagnated, and overall consumption has followed suit Looking at branded manufacturers as a whole, their sales figures of whole devices in 1Q22 totaled 556 million units, falling 45% YoY Brands faced a sales decline in 1Q22 which, in turn, has skewed the outlook for 2Q22 more conservative, causing purchase volume on the panel side to plummet in turn Second, panel inventory held by various brands remains high In the past two years, strong demand for notebook terminals and a shortage of panels prompted brands to place a large number of orders to seize scant panel resources However, facing a reversal of demand, these large panel purchases have turned into considerable inventory It is reported that branded manufacturers’ notebook panel inventory on hand was approximately 8 to 12 weeks near the end of April This is 2 to 4 weeks more when compared to the normal watermark of 6 to 8 weeks, forcing brands to greatly downgrade the number of orders placed in order to adjust inventory Momentum of notebook panel shipments remains weak in 2H22, annual shipment volume revised downward to 240 million units After the 2Q22 correction, TrendForce sees two major risks remaining in 2H22 First, the depletion of panel inventories will likely continue into 3Q22 In addition to foundry shutdowns and the impact on production capacity caused by China’s lockdowns, logistics and component delays have also reduced the production capacity of whole device assembly, impeding the smooth depletion of panel inventory At the same time, as mentioned above, assuming that brands may not be able to completely deplete their inventories in 2Q22, the sales momentum of notebook panels in 3Q22 may subsequently be affected Second, the inventory level of the whole devices held at the brand-end is high Since 2H21, shipping has remained congested and many notebook computers are still at sea or in port container distribution centers, becoming unsold whole device inventory TrendForce indicates that the inventory of branded laptops is significantly higher than before the pandemic and the combination of this high level of whole device inventory and weak terminal demand will further prolong the correction period of notebook panel shipments Therefore, the momentum of notebook panel sales is unlikely to reverse in 3Q22 and a rebound in momentum in 4Q22 will depend on branded manufacturers’ depletion of on hand panel and whole device inventories To sum up, TrendForce forecasts that notebook panel shipments in 2022 will be revised downward to 240 million units, a YoY decline of 149%, with further potential for downward adjustment Market trends will depend on changes in the overall environment 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
Notebook Panel Shipments Hit Record High 282 million in 2021, Potential Risk of Correction in 1H22, Says TrendForce

2022/02/24

Display

In 2021, notebook panel shipments reached a record high of 282 million units, with an annual growth rate of 251%, according to TrendForce’s research In the first half of the year, demand was driven by the pandemic and primarily focused on consumer notebooks and Chromebooks while, in the second half of the year, as Europe and the United States gradually lifted lockdowns and work returned to normal, demand largely shifted to commercial models, which continued to support the demand for notebook panels throughout the year It is worth noting that TrendForce believes shipment totals of notebook panels from 1Q22 to 2Q22 may be corrected Notebook panel shipments in 1Q22 are estimated at approximately 679 million units, a QoQ decline of 97% while 2Q22 shipments are expected to drop to 614 million units, down 95% QoQ In addition to the impact of the traditional off-season, there are two reasons for this correction One is that inventory on the brand-side has increased Due to the shortage of panels in the past two years, the brand-side continued to purchase panels in 2021 to avoid supply chain disruption Normally, notebook brands hold 4 to 8 weeks of inventory but some brands have already stocked up to 8 weeks Two, since a whole notebook requires numerous components, it cannot be assembled and shipped if even one is missing Limitations impose by incomplete materials lists caused the growth rate of notebook computer shipments to fall behind that of panel shipments, shifting notebook computer panels into oversupply Despite this, TrendForce has specifically mentioned, since the profit margin of notebook panels still beats LCD monitor panels and TV panels, panel makers will still desire an increase in the supply of notebook panels However, in the face of a possible correction in notebook panel shipments, panel makers may accumulate more inventory and deepen the downward pressure on notebook panel pricing Looking forward to 2022, panel shipment performance and price trends will be adversely affected by adjustments in notebook brand inventories in 1H22 In 2H22, notebook brands will continue to focus on sales plans for whole notebook computers The sales performance of these brands during the peak season is still worth looking forward to and the restocking momentum of notebook panels is expected to recover Current estimates put the shipment of notebook panels at 265 million in 2022, a decrease of 60% YoY 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
Quarterly Notebook Panel Shipment Reaches Historical High of 72.27 Million Pcs in 3Q21 Thanks to High Demand for Commercial Notebooks, Says TrendForce

2021/11/02

Display / Consumer Electronics

Owing to persistently strong demand for notebook panels and increased supply of such upstream components as ICs and TCONs, quarterly notebook panel shipment reached yet another historical high in 3Q21, with 7227 million pcs shipped, representing an increase of 71% QoQ, according to TrendForce’s latest investigations TrendForce indicates that the proliferation of the stay-at-home economy resulted in record-setting performances from the notebook panel market, in which quarterly shipment reached historical highs for three quarters consecutively across the 1Q21-3Q21 period Nevertheless, market demand for panels has shown partial signs of weakening Demand remains strong for commercial notebooks but has begun plummeting for consumer notebooks and Chromebooks Alongside this drop in Chromebook demand, 116-inch panels, which are the mainstream size of Chromebook displays, have also dropped in terms of shipment volumes, reaching only 1088 million pcs shipped in 3Q21, a 283% QoQ decline Quarterly shipment of Chromebook panels is expected to undergo a further decrease in 4Q21 In addition, given the aforementioned strong demand for commercial notebooks, panel suppliers have quickly transitioned their focus towards 14-inch and 156-inch panels in response, and the combined quarterly shipment of both of these sizes reached 4645 million pcs in 3Q21, a 202% QoQ increase The bullish performance of these sizes of notebook panels thereby became the key reason behind the historical high in notebook panel shipment in 3Q21 Due to panel suppliers’ swift response to changes in the market, notebook panel shipment for 2H21 is not expected to be overly impacted by the weakening demand for Chromebooks and consumer notebooks For now, TrendForce projects notebook panel shipment for 4Q21 to reach 7115 million pcs, while shipment for the entire 2021 is expected to reach 2781 million pcs, a 232% YoY increase Looking ahead to 2022 and regarding the supply side of the panel market, most panel suppliers will be aggressive in their shipment plans for notebook panels due to the massive growth in notebook panel shipment across the 2020-2021 period As such, panel suppliers are planning to ship about 330 million pcs of notebook panels in 2022 However, if a corresponding demand for notebooks fails to emerge next year, the notebook panel market may enter into an oversupply situation, thereby placing downward pressure on panel prices Regarding the demand side of the panel market, demand for Chromebooks and consumer notebooks will likely continue to slow down next year, but this slowdown will be accompanied by a corresponding growth in commercial notebook demand due to the persistent growth of the overall economy, along with the global digital transformation also taking place Taking these factors into account, TrendForce expects annual notebook panel shipment for 2022 to reach 279 million pcs, representing a slight growth of 03% YoY 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
High-End Notebook Panels Projected to Surpass 20% Market Share in 2022 as Spotlight Falls on Oxide/LTPS/OLED Technologies, Says TrendForce

2021/07/27

Display

The massive rise in market demand for notebook computers in response to distance learning needs and WFH applications from 2020 to 2021 has generated not only a double-digit growth in notebook panel shipment, but also a price hike of more than 40% for notebook panels, according to TrendForce’s latest investigations As various suppliers subsequently scramble to manufacture OLED, LTPS, and oxide panels, TrendForce forecasts these high-end notebook panels to reach a 178% market share in 2021 and 214% in 2022 Panels based on OLED technology are primarily supplied by SDC, whose OLED notebook panel shipment for 2020 reached 800,000 pcs SDC is expected to ship more than four million pcs of OLED notebook panels in 2021, with room for further growth in 2022 In addition to SDC, EDO is also expected to begin mass producing OLED notebook panels in 2H21-1H22 As such, TrendForce expects OLED panels to reach a 13% penetration rate in the overall notebook panel market this year Although BOE and CSOT are currently fully engaged in Hybrid OLED development, Hybrid OLED panels will not enter mass production until 2023 due to technological and cost-related bottlenecks that are yet to be resolved The top three suppliers of LTPS panels are, in order, AUO, CSOT, and Tianma Thanks to such advantages as low power consumption and narrow borders, LTPS panels are widely used in high-end notebook computers In the overall notebook panel market, LTPS panels are expected to reach a penetration rate of 37% this year With regards to LTPS suppliers, AUO will likely expand its L6K fab’s production capacity of LTPS notebook panels in 2022 Innolux, on the other hand, currently allocates the LTPS production capacity in its Luzhu-based panel fab primarily for smartphone displays Innolux is expected to mass produce LTPS panels for notebooks some time in 2H21 CSOT and Tianma will likewise gradually increase the share of LTPS notebook panels in their overall panel production in spite of their lack of capacity expansion plans at the moment Finally, oxide panels are primarily supplied by LGD, Sharp, and BOE Much like LTPS panels, oxide panels have the advantage of low power consumption and narrow borders However, oxide panels are relatively more cost-competitive compared to LTPS panels, as the former require fewer mask layers during the manufacturing process Hence, oxide panels currently possess the highest market share among all high-end notebook panel types TrendForce expects oxide panels to reach a 128% penetration rate in the notebook panel market this year With regards to suppliers, IVO and HKC are expanding the production capacities at the Kunshan-based Gen 5 fab and Mianyang-based Gen 86 fab, respectively, for oxide panels this year, while CSOT is also planning the same for its new Gen 86 fab in Guangzhou Once these three suppliers finalize their expansion activities, their oxide panel capacities are expected to exceed 70K sheet/m, and these capacities will be gradually available for mass production across 2022-2024 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
Monitor Panel Shipment for 1Q21 Declines by 8.6% QoQ to 39.9 Million Units Due to IC Shortage and Samsung's Exit, Says TrendForce

2021/06/01

Display

Owing to the stay-at-home economy brought about by the onset of the COVID-19 pandemic, demand for IT products has been sky-high since 2Q20 However, monitor panel shipment for 1Q21 declined by 86% QoQ to 399 million units due to the shortage of components such as ICs in the upstream supply chain, as well as SDC’s (Samsung Display Co) decision to shutter its monitor panel manufacturing operations, according to TrendForce’s latest investigations Regarding the two aforementioned factors constraining the shipment performances of monitor panel suppliers, TrendForce indicates that SDC will exit the monitor LCD panel manufacturing business after it reaches its shipment target of 12 million panels in 1H21 This figure represents a staggering 938% decline compared to the 193 million units of LCD panels that SDC shipped throughout last year Aside from SDC’s decision, the other detractor of monitor panel shipment in 1Q21 was the tight supply of semiconductor production capacity, which resulted in a shortage of such components as ICs and TCON (timing controllers) in the upstream panel supply chain Panel suppliers were hence constrained in their ability to manufacture panels, thereby leading to a shortage of monitor panels In addition, since TV and notebook (laptop) panels have higher profit margins compared to monitor panels, panel suppliers generally allocate less of their production capacities for manufacturing monitor panels relative to the other products Monitor panel shipment for 2021 is still likely to experience a YoY growth as material shortage becomes alleviated going forward Nonetheless, as demand for TV and notebook computers gradually slows, and certain semiconductor foundries are expected to expand their production capacities in 2H21, TrendForce believes that panel suppliers will likely in turn allocate more production capacities to clients in the monitor segment in 4Q21 More specifically, the current shortage of components in the upstream supply chain, which has been exerting significant downward pressure on monitor panel shipment, will be gradually alleviated in 2H21 On the demand side, the persistent stay-at-home economy will continue to generate demand for IT products Monitor brands will therefore ramp up procurement activities for components such as panels in order to maintain a healthy inventory level In light of influences on the supply side and demand side, TrendForce expects monitor panel shipment for 2021 to reach 169 million units, a 42% YoY growth 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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