1. BOE: In the case of supply conditions, increase the introduction of localization materials
According to the micro-web news, May 22, BOE said on the investor interaction platform that the company's driver ICs were partly imported, some domestically, and the company will step up the introduction of localized materials under the conditions of domestic availability. The company has always been active. To cultivate domestic suppliers and strive to promote the development and improvement of the domestic upstream industry chain.
2. With a total investment of 42.7 billion yuan, TCL Group plans to build its 11th generation ultra high definition display production line in Shenzhen
On the 22nd of May, TCL Group issued an announcement stating that in order to comply with the development trend of semiconductor display technology and grasp the high-growth market opportunities of large-scale ultra-high-definition display panels, the company plans to invest in a new production capacity in Shenzhen Guangming New District. Reached the 11th generation ultra-high-definition new display device production line that processes approximately 90,000 3370mm x 2940mm glass substrates on a monthly basis. It mainly manufactures and sells 65', 70' (21:9), 75' 8K ultra-high-definition displays and 65'OLEDs. , 75'OLED display etc. The total investment of the project is about 42.683 billion yuan.
TCL Group and its controlling subsidiaries Shenzhen Huaxing Optoelectronics Technology Co., Ltd. (hereinafter referred to as 'Huaxing Optoelectronics') and Shenzhen Major Industrial Development Phase I Fund Co., Ltd. (hereinafter referred to as 'Industrial Development Fund') signed on May 22, 2018. The 11th Generation Ultra High Definition New Display Device Production Line Project Cooperation Agreement, China Star Optoelectronics and Industry Development Fund will jointly increase the registered capital of Shenzhen Huaxing Optoelectronics Semiconductor Display Technology Co., Ltd. (hereinafter referred to as the 'target company') by 20.3 billion yuan.
According to the disclosure, the target company, Shenzhen Huaxing Optoelectronics Semiconductor Display Technology Co., Ltd., is a Sino-foreign joint venture company. It was established on June 24, 2016. It is currently in the production line construction period, and the company’s registered capital contribution is 21.5 billion yuan, including Samsung. Show that the company invested 2.1 billion yuan, accounting for 9.6747% of the registered capital.
After the China Star Optoelectronics and Industrial Development Fund increased its registered capital, Samsung Display Co., Ltd. diluted its share of registered capital to 5.0239%. The project investment amounted to approximately RMB 42.683 billion. It started planning and design in April 2018, and related basics such as environmental impact assessment. Project; finished product light up in December 2020; mass production in March 2021.
At present, China's semiconductor display industry has entered a stage of development that leads the industry. Huaxing Optoelectronics' operating efficiency and profitability are at the leading level in the world. However, this project plans to produce ultra-high-definition new display devices such as 8K liquid crystal display and OLED display. Certain process technology risks.
TCL Group stated that as the TV panel market shifts towards large-size, ultra high-definition displays, the market demand for 65-inch and above TVs has grown rapidly, and 8K products are expected to enter a period of rapid development after 2018. Japan announced that it will be the Olympic Games in 2020. On the realization of 8K video broadcast, TV terminal manufacturers have successively released 8K TVs. China is the largest consumer market of 8K TVs. The construction of t7 projects will effectively meet the market demand for domestic 8K products. The t7 project also planned to partially print OLED production capacity to achieve The breakthrough of large-scale OLED products in China leads the trend of new technology trends in the industry.
After the completion of the project, the company's product line will be greatly enriched, especially in the large-scale market share of 8K products; at the same time, it will be conducive to the development and industrialization of new technologies, and the implementation of new technologies such as oxide semiconductors and printing OLEDs. Take the lead in mastering the next generation of new display technology, further enhance the competitiveness of Huaxing Optoelectronics, and make the company bigger and stronger.
3. Continental Panel Quality Advances, Impact Taiwan, Korea
In the face of the recent decline in panel prices and the slowdown of the mainland smart phone market, Japanese media said that the future performance of the land plant for European, American and Japanese plants will be the key. However, with the policy subsidy, the land plant is catching up with new production technologies. The production capacity will be successively opened in the next 2 years and will pose a certain threat to the Japanese and Korean panel makers.
'The actual investment burden of Chinese companies is only about 20%'. A Japanese technician who jumped to Huaxing Optoelectronics pointed out that in China, local governments provide financial support to the land-based panel factories through government industry funds, according to the Nikkei Chinese. The actual visit of the network found that from TVs, mobile phones to organic EL panels, the land plant can receive policy subsidies of up to several hundred billion yen.
In spite of this, mainland panel makers have always been criticized by the market due to their lack of technical capabilities and low product yield. Although these panel makers have opened production capacity, many of the products produced by the panel maker are not favored by the market and they are not even marketable. .
However, Tianma Microelectronics' second plant in Xiamen, which was put into operation in 2016, also fell into this dilemma. Products were returned due to poor yields by many mobile phone brands. It was not until Tianma transferred technicians from NEC panels to upgrade the plant. Technology and Product Yield. NEC sold small and medium size LCD panel subsidiary NEC LCD to Tianma Microelectronics in 2011.
"From the beginning of a year ago, the yield rate (product yield) has improved drastically. We have finally achieved full-load operation, and the ordering of components has also reached a higher level," a salesman at a Japanese company said with relief. This Japanese company Is the liquid crystal panel component supplier of the second factory in Xiamen, China Tianma Microelectronics.
Mainland China's panel makers have gradually gained control over their production technology because of their huge capital and their advantages in advancing. Japanese media said that for Japanese, Korean and Taiwanese manufacturers such as Sharp, Samsung and AUO, it is naturally a major threat. In addition, the land plant will continue to grow over the next 2 years. Starting a new plant, with the increase in product yield, is also expected to increase product competitiveness.
However, Japanese media pointed out that the major customers of the products of the mainland panel makers are still Huawei-based mobile phone brands, which are actually a major weakness in the business.
In the past few years, the mainland smart phone market has grown rapidly and the local brand market has a high market share. Mainland panel makers such as BOE and Tianma have benefited from this, and their shipments have increased. But nowadays, with the slowdown in the growth of the smart phone market, panel makers The capacity has been continuously expanding and it has fallen into oversupply.
Japanese media believes that how the land plant will develop the market of foreign mobile phone brands such as Japan, the United States, South Korea, etc., will affect the key to its growth.
4. Sanan Optoelectronics established 50 million yuan subsidiary in Shanghai
On May 22, Sanan Optoelectronics announced that according to the development strategy, Sanan, a wholly-owned subsidiary of the company, has established a wholly-owned subsidiary in Shanghai, China, with its own currency of RMB 50 million. The company's name is tentatively scheduled to be Shanghai Sanan IC Co., Ltd., mainly engaged in the research and development and sales of integrated circuits.
Sanan Optoelectronics stated that this investment is in line with the development direction and development strategy of the company's industry, which is beneficial to the company's ability to increase R&D, increase product market share, and enlarge and strengthen its main business.
5.2025 Global MicroLED Display Market Will Be Up to US$20.5 Billion
According to related forecasts, the market for MicroLED displays is expected to grow at an alarming rate in the next six years. According to data provided by Research and Markets, an international market research organization, some markets will come from smart watches, as well as smartphones including enhanced and virtual reality, TVs, Humanitarian Use Devices (HUD), Digital Signage, NTE devices including notebooks and displays, and general and automotive lighting applications.
The research organization predicts that the global MicroLED display market will soar from US$600 million in 2019 to US$20.5 billion in 2025, with an average annual compound growth rate of 80.1%. The factors causing this huge increase in demand are mainly including smart watches. , Mobile devices and NTE (AR / VR) devices are brighter and more energy-efficient display panel requirements. Consumer electronics companies, Apple, Samsung and Sony have shown interest in MicroLED display technology.
However, the company expects the growth of the OLED display market, the lack of a supply chain of MicroLED and the distributed patent portfolio that can inhibit the growth of the MicroLED display market.
After investigating the current manufacturing capabilities, prototype development and participation of large electronics companies, the market research agency stated that MicroLED smart watches and NTE equipment may move from the prototype development stage to the actual product production in 2019. MicroLED in NTE equipment The display market is expected to achieve the highest CAGR between 2019 and 2025. Because the brightness and resolution of the MicroLED display technology is the main driving force for its use in NTE equipment.
It is worth noting that AR devices need high resolution and high brightness to truly represent the real world. In addition, these displays are exactly the fast response time characteristics required for AR and VR applications. Potential VR applications using this technology may include games, Entertainment, research and training.
It is estimated that from 2019 to 2025, the major brand manufacturers, LED foundries and display panel makers will gather in the Asia-Pacific region will occupy the global MicroLED display market. In 2025, Samsung, Sharp, Panasonic, LG, Sony and other companies will become MicroLED. The main demand side of the display panel. OFweek