'Transition' JDI pass delayed OLED mass production, raise funds to increase production of LCD panels to respond to Apple orders

1. JDI transmission delays OLED mass production plan and obtains Apple's next-generation LCD orders; 2. JDI intends to raise funds to increase production of LCD panels in response to Apple's orders; 3. Shentian A wholly-owned subsidiary receives government subsidies of RMB 100 million; 4. Scientists develop The new type of LCD monitor, the cost of a 5-inch screen is only 5 US dollars; 5. Hon Hai plans to put 3D glass on the mainland; 6. China Ultra HD Video Industry Alliance starts, Huawei is elected chairman unit

1. The JDI transmission delayed the OLED mass production plan and won Apple's next-generation LCD orders;

According to Asahi Shimbun, according to Asahi Shimbun, Japan's LCD panel maker Japan Display Inc (JDI) originally planned to start mass production of OLED panels in 2019, but JDI has begun to consider delaying the production plan. The main reason is the demand for OLED panels. Not as fast as expected, the South Korean factory almost monopolized the OLED panel market for smartphones, but due to the high price, Apple iPhone X with OLED panels was not selling well.

It is no secret that Apple will launch three new iPhone models this year. The iPhone XS and iPhone XS Plus will carry AMOLED screens, while the iPhone 9 will continue to use LCD screens. Although the number of models using AMOLED screens has increased to two Models, but Apple's purchase of AMOLED panels has dropped sharply. It is reported that the total purchase volume of the two models of AMOLED panel is only about 50 million, this kind of purchase is equivalent to half of the original iPhone X.

Lin Zemin, manager of the Taiwan Industrial Technology Research Center, pointed out that starting from the fourth quarter of 2017, it will be able to see that the relevant suppliers continue to under-revision the output value of iPhone X. In 2017, Samsung almost completely monopolized the small size. The market supply of OLED panels has a capacity ratio of 92%. However, the largest user, the iPhone X, is not selling as expected. It can be seen from the output value of the relevant suppliers that the output is being significantly reduced, and even the fastest will be in 2018. The production was discontinued in the second quarter. Therefore, in 2018, Samsung's small-sized OLED panel may face the predicament of oversupply.

JDI's fiscal year 2017 (fiscal year ending in March 2018) was in a loss for the fourth consecutive year. Therefore, it planned to recoup its disadvantages through volume production of OLED panels, and is currently negotiating with Chinese panel makers and other companies. It is expected to be 3 The partners were finalized in the month, but due to the poor demand for OLEDs and LCD panels began to show signs of recovery. According to JDI officials, 'cooperation and negotiation will take more time'. This means JDI's cooperation plans with three Chinese panel makers. May be postponed.

On March 30th, JDI announced that it will consider a total of more than 5 billion yen in fund scheduling issues on the board of directors expected to be held today, which includes a planned third party quota increase of over 30 billion yen and the disposal of assets. According to Nikkei News, Apple has already started to 'return to LCD' this year. The iPhone that is expected to be sold this fall has already decided to use JDI's LCD panel, and JDI received more orders than expected. As JDI received a large number of orders for next-generation iPhone LCD panels, The funds raised by the above capital increase will be used to purchase the materials needed to increase production of LCD panels, and the cost of importing production equipment.

2. JDI intends to raise funds to increase production of LCD panels to respond to Apple orders;

Nihon Keizai Shimbun (Chinese version: Nikkei Chinese) learned that Japan Display Corporation (JDI), which is currently carrying out business operations, is discussing raising about 50 billion yen worth of funds. In addition to implementing a third-party allotment of more than 30 billion yen, It will also raise funds through sales of assets and other initiatives. It plans to accept investment funds from several domestic and foreign investment funds. For the new LCD panel for smartphones that Apple Inc. is scheduled to market this autumn, Japan's monitors have received a large number of orders. The funds will be raised. Used to purchase components and introduce equipment to increase production of LCD panels.

Japan Monitor discusses raising funds to increase production of LCD panels (Ishikawa Factory of Japan Display = Kawai-cho, Ishikawa Prefecture)

Japan's display seems to be making final adjustments to the amount of funds invested with a number of investment funds that are the recipients of capital increase. It is expected that the results will be announced in the near future.

Japan's monitor has suffered a total loss for the fourth fiscal year ending in fiscal year 2017 (as of March 2018). In 2017, the largest customer, Apple of the United States, used organic EL panels as the flagship model of the iPhone, resulting in the company’s smartphone LCD panel. The volume of orders has decreased, and cash flow has continued to fall into difficult conditions.

However, the sales of smart phones with Apple's organic EL screens are less than expected. The company has now begun to "return to the LCD panel." The new iPhone, which will be available this fall, has decided to adopt the Japanese display's LCD panels, with orders exceeding expectations. Before the new iPhone is added to the market, it is necessary to ensure the purchase of spare parts.

Restructuring the financial infrastructure has become a top priority for the Japanese monitor. In August 2017, it proposed to “build partnerships with global companies” to explore capital cooperation with overseas business companies. It also works with the most powerful partners – many Chinese panel companies under water. Advancing consultations, however, negotiations on relevant conditions have not proceeded smoothly. It is expected that no cooperation can be reached before the deadline for publishing the partner's announcement by the end of March 2018. Therefore, it turned to discuss other financing methods.

The total market value of Japanese monitors on March 29 is approximately 120 billion yen. If a third-party allotment of capital increase of more than 30 billion yen is implemented, dilution of equity will be unavoidable, and therefore it is likely to be opposed by existing shareholders.

3. Shenzhen Tianma A wholly-owned subsidiary received a government grant of RMB 100 million;

Qianlong Beijing March 30th Tianma Microelectronics Co., Ltd. issued an announcement concerning the government subsidy received from Xiamen Tianma, a wholly-owned subsidiary.

Announcement: Recently, Xiamen Tianma Microelectronics Co., Ltd. (hereinafter referred to as 'Xiamen Tianma'), a wholly-owned subsidiary of the company, received a statement from the Management Committee of the Xiamen Torch Hi-Tech Industrial Development Zone about the grant of research and development subsidies for Xiamen Tianma Microelectronics Co., Ltd. 》 The management committee of Xiamen Torch Hi-Tech Industrial Development Zone allocated RMB 100 million to R&D grants to Xiamen Tianma. As of the date of this announcement, Xiamen Tianma has received the above-mentioned subsidies.

According to the announcement, in accordance with the relevant provisions of Accounting Standards for Enterprises No. 16 - Government Subsidies and the company's accounting policies, government subsidies related to income, which are used to compensate for related costs or losses that have occurred, are included in profit or loss for the current period. Relevant costs; used to compensate for related costs or losses in subsequent periods, are included in deferred income, and are included in the current profit or loss or the relevant costs in the period in which the relevant costs, expenses or losses are recognized. Government subsidies related to the daily activities of the enterprise, The substance of economic business is included in other income or offsets related costs. Government subsidies that are not related to the daily activities of the company are included in non-operating income and expenditure.

The R&D subsidy funds received by Xiamen Tianma this time belong to the government subsidy related to the daily activities of the enterprise. The related cost expenses or losses used to compensate the future period will be included in the deferred income, and will be included in other relevant cost, expenses or loss confirmation periods. income.

The above subsidies are expected to increase total profit in 2018 by RMB 100 million (unaudited).

4. Scientists develop new types of LCD monitors, the cost of a 5-inch screen is only 5 US dollars;

Engineers from China and Hong Kong have developed a special type of liquid crystal display (LCD) that is thin, flexible, lightweight, and tough. The team said that the newspaper text you read every morning can be uploaded to this paper display. , and the update speed is as fast as the news cycle.

The team developed monitors with two key innovations, the first being the development of optically rewritable LCDs. Like traditional LCDs, rewritable LCDs are similar in structure to sandwiching liquid crystals between two splints. The difference is that the rotation of the traditional liquid crystal display in the light deflecting direction can be controlled through the electrostatic field, and the optically rewritable liquid crystal display uses the specific molecular coating plate to eliminate the need for the electrode, and the display thickness can also have more choices. .

Optical rewritable LCDs are generally thinner than conventional LCDs, and are less than 0.5 mm in thickness. They can be made of flexible plastics, weigh only a few grams, and are slightly thicker than real paper.

Because of its simple structure, optically rewritable LCD displays are durable and inexpensive. And just like electronic paper screens, energy is only used to switch display texts, so the cost of use is very low, and images can be maintained after the screen is written without the power supply. It is estimated that the production cost of this LCD is very low, and the cost of a 5-inch screen is only 5 US dollars.

The second innovation is to separate the spacers of plastic or glass plates. The researchers designed three different spacers and found that when the LCD is bent or impacted, the mesh spacer can prevent the liquid crystal from flowing; in addition, the optical weight can be increased. Writing an LCD can only display two colors at a time, but the team developed an optically rewritable LCD that can display three primary colors at the same time. To make it commercially available, researchers hope to increase the resolution of optically rewritable LCDs.

Technews

5. Hon Hai plans to lay out 3D glass on the mainland;

According to the micro-network news, Hon Hai also announced last night that it will invest in the investment in the third region and invest in Chi Chi Precision Technology (Shenzhen) Co., Ltd. in mainland China with an investment of US$15 million.

Hon Hai pointed out that Jizhi Precision Technology (Shenzhen) is mainly engaged in 3D glass with specific purpose of long-term investment.

Foreign media previously speculated that the future smart phone casing design will enhance scratch resistance, improve user satisfaction, and strengthen production capacity and improve yield, the use of glass casing penetration will be higher and higher.

6. China Ultra HD Video Industry Alliance launches, Huawei is elected chairman of the unit

On March 29th, China Ultra-High-Definition Video (4K) Industrial Development Conference was held in Guangzhou. Li Xi, Secretary of the Guangdong Provincial Party Committee, Deputy Minister of the Central Propaganda Department, Nie Chenxi, Director General of the State Administration of Radio and TV, Ma Xingrui, Governor of Guangdong Province, Industry and Information Luo Wen, Deputy Minister of Chemical Industry, participated in the launching ceremony of the China Ultra High-Definition Video Industry Alliance. The previous day, the China Ultra-High-Definition Video Industry Alliance was preparing to hold its first general meeting. In recent years, the ultra high-definition video industry in China has developed rapidly. Rapidly popularizing products, the entire industry chain ushered in major opportunities, but also faced major challenges. In order to accelerate the development of China's ultra-high-definition video industry, under the guidance of the Department of Electronics and Information, Ministry of Industry and Information Technology, from ultra-high definition video product manufacturing, video transmission Enterprises, institutions, and professional organizations in the areas of content production, applications and services jointly initiated initiatives to jointly establish the China Ultra High-Definition Video Industry Alliance. They want to build an advanced and perfect ultra-high-definition video industry ecosystem, bring their respective advantages into play, and achieve mutual benefit and win-win development. At the first general meeting of the Alliance, the "China Ultra-High Definition Video Industry Alliance" was adopted. “Super League High-Definition Video Industry Alliance Working Group Management Measures” and other documents, elected board members, vice chairman and chairman unit. 42 units were elected as the first members of the board of directors. BOE Technology Group Co., Ltd., China Electronics Information Industry Group Co., Ltd. , TCL Group Co., Ltd., China Mobile Communications Group Co., Ltd., China United Network Communications Group Co., Ltd., China Telecom Group Co., Ltd., and other 14 units were elected as the first deputy director unit. Huawei Technologies Co., Ltd. was elected as the first director unit of the alliance. The secretariat is located in the China Electronic Information Industry Development Research Institute. The Alliance has also established 9 working groups for policy research, standards development, and evaluation and certification to promote convergence and promote key tasks. It is reported that the alliance will strengthen the establishment of mechanisms in 2018 Alliance standards and other six aspects of work. China Electronics News

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