Production control has changed the panel industry cycle that has persisted for two decades. The industry may not see a peak season in the fourth quarter of 2024 as it used to, and instead, it could witness an oversupply of panels.
Samsung Electronics reported profits of US$4.89 billion for the first quarter of 2024. The semiconductor division successfully ended a streak of losses spanning four consecutive quarters. In the quarter, the Device Solutions (DS) division, primarily dedicated to semiconductors, had a profit of approximately US$1.6 billion.
Taiwanese MicroLED vendor PlayNitride is set to triple its wafer capacity by the end of 2024, chairman Charles Li has said at a recent investor conference, while also projecting that MicroLEDs for automotive applications would become cheaper than OLED panels by 2030.
According to the 2024 Mid-Large OLED Display Annual Report recently published by UBI Research, shipments of OLED panels for tablets are expected to grow from 12 million units in 2024 to 28.4 million units in 2028, with an average annual growth rate of 24.1%.
Taiwan's Young Fast Optoelectronics is poised to expand its vertical integration by adding bonding and assembly lines to its Vietnam factory in 2024, with the expansion to drive positive revenue growth for the company.
Ultra large-sized LCD panel shipments are expected to surge in 2024, driven by China-based suppliers, which may lead to a price war in the market, threatening LG Display, the sole LCD panel major based in South Korea.
Despite the decline in the global TV market, market experts project that MiniLED TVs, given their cost-effectiveness, will surpass OLED TVs in shipment volume for the first time this year.
According to the 2024 Small OLED Display Annual Report recently published by UBI Research, OLED shipments for foldable phones are expected to increase from 27.4 million units in 2024 to 52.7 million units in 2028.
Following significant panel production control in February, the ongoing pull-in demand from brand clients led to an increase in utilization rates, shipment volumes, and shipment area in March. However, small- and medium-sized panel manufacturers saw quarter-on-quarter declines in the first quarter of this year.
