Local governments' restricting power supply in China has led to decreases in utilization of production capacities at LCD panel supply chain makers' factories mostly in southern and eastern China to about 60%, and consequently, output of panel components and LCD modules has dropped by about 30%, according to AVC Revo.
Chinese panel makers have become the world's largest LCD makers after over a decade of fierce market competition, while South Korean panel makers have chosen to gradually withdraw from the LCD market and turn their attention to OLED.
Viewing that prices for TV-use LCD panels began to drop significantly in August 2021, China-based LCD panel makers BOE Technology and China Star Optoelectronics Technology (CSOT) as well as LG Display began to reduce the production of such panels in September, a bid to prevent such prices from dropping further, according to industry sources.
AU Optronics (AUO) shipped LCD panels totaling 2.171 million square meters in August, increasing 3.6% on month, but its consolidated revenues for the month decreased 1.91% sequentially to NT$32.710 billion (US$1.17 billion) due to panel price declines.
In view of the high growth in demand for TVs in India, India Cellular and Electronics Association (ICEA) recommends that the India government set up local TV supply chains. As it is not easy to set up a local TV panel supply chain competitive in production cost in India, the transfer of panel technologies from overseas panel makers could be a feasible strategy.
China-based TCL will expand the annual production capacity for miniLED-backlit LCD TVs to 10 million units in 2024, with miniLED backlighting to penetrate over 60% of its large-size LCD TVs in the year, according to industry sources.
Chip shortages have been troubling many vendors, including Apple, whose much anticipated miniLED-backlit MacBook Pro series may be unveiled later than expected. The electric vehicle market looks so promising that many companies are eager to have a share, including Chinese handset vendor Xiaomi, which has just set up an EV business. LCD TV panel prices had soared for months until recently, and they are expected keep falling till year-end 2021.
LCD TV panel prices have been falling at a rapid pace since August, and may continue dropping until year-end 2021, as demand for TVs in developed countries has been declining and most of TV vendors have decreased panel procurement, according to industry sources.
Taiwan's PC monitor shipments fell nearly 7% sequentially to 22.12 million units in the second quarter of 2021, due mainly to shortages of related components and materials, according to Digitimes Research.
Small- to medium-size LCD panel and module maker Giantplus Technology has been adjusting product mix by hiking revenue proprotions for niche-market and car-use applications in a bid to hike overall profitability, according to the company.
Touch module maker General Interface Solution (GIS) will invest in production of in-display fingerprint recognition modules and film-coated anti-reflection and anti-glare cover glass for use in automotive displays at an existing factory in Central Taiwan Science Park (CTSP).
TFT-LCD panel maker AU Optronics (AUO) will speed up the upgrading of its business operation to maintain business growth through bi-axial transformation, that is, strengthening R&D of high-end display technologies and enlarging its ecosystem via a strategic partnership with, stake investment in, joint venture or a merger with downstream makers and developers of solutions, according to company chairman and CEO Paul Peng at the 2021 shareholders' general meeting on August 19.
The nine world's largest TV vendors will procure 42.60 million TV panels in the third quarter of 2021, growing 4.4% on quarter but slipping 8.0% on year, according to China-based Sigmaintell Consulting.
EMS provider Qisda had 32% of second-quarter 2021 consolidated revenues of NT$55.984 billion (US$2.00 billion) coming from high value-added business groups and aims to hike the revenue proportion to over 50% by the end of 2022, according to company chairman and CEO Peter Chen at the investor conference on Aug 12th.
Muramoto Electron (Thailand), or METCO, is a subsidiary established in 1987 in Bangkok, Thailand by Muramoto Industry. METCO manufactures semiconductors, car parts, car stereo components, central control parts, camera parts, printer parts, and other electronics components.
China-based TCL Technology Group has reported consolidated revenues of CNY74.299 billion (US$11.45 billion) and net profit of CNY6.784 billion for the first half of 2021, soaring 153.29% and 461.55% respectively on year.