Novatek Microelectronics is about to hold its earnings call, and what market outlook the top Taiwanese supplier of display driver ICs (DDI) will give for the chip segment is highly concerned by the entire supply chain, given that DDI was the first chip segment to undergo inventory correction, starting as early as the second quarter of 2022, according to industry sources.
While micro LED technology is in continued development for application, the technology is unlikely to become a competitor for electronic paper (e-paper), according to chairman and CEO Johnson Lee for e-paper maker E Ink Holdings.
LCD TV panel prices will likely remain stable in February, as panel makers' efforts to control capacity utilization rates have brought a healthier supply-demand balance for the display industry, according to industry sources.
Apple has been reportedly developing micro LED technology for initial application on Apple Watch Ultra, expected to be launched in 2024. Since current production cost for micro LED panels is very high and display performance of such panels for use in smart watches will not be substantially differentiated from that of OLED panels, Apple's developing micro LED technology is motivated by the huge potential of extending application of the technology from smart watches to AR/VR devices, smartphones and large-size displays over the next 5-10 years, thereby taking the global lead in the technology.
AUO Display Plus (ADP), an AUO subsidiary specializing in industrial and commercial display solutions, has reported a 20% revenue increase to a range of NT$30-40 billion (US$990-1,320 million) in 2022, expecting to post over 20% revenue growth in 2023.
The Taiwanese government approved 2,566 investment projects proposed by foreign (excluding China-based) and overseas Chinese enterprises in 2022, with the total investment of US$13.303 billion hiking 77.94% on year, reaching a 15-year height, according to Taiwan's Ministry of Economic Affairs (MOEA).
China-based TV vendor Hisense has stepped up investing in the upstream LED supply chain, looking to enhance its in-house developed miniLED and microLED display technologies, according to industry sources.