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keyword:Iris Hu38 result(s)

Press Releases
Shipments of Large-Size Panels to Grow by 1% YoY in 2019 Driven by Specs Improvements, Says TrendForce

2019/01/03

Consumer Electronics / Display

According to the latest report by WitsView, a division of TrendForce, shipments of large-size panels reached 80406 million pieces in 2018, a YoY growth of 25% Among all the large-size display panel applications, only tablet panel recorded decreasing shipments last year, while other categories registered noticeable growth The segment of TV panel was driven by new production capacity in the industry and special deal projects, while the LCD monitor segment grew due to the increased production volume of borderless monitors and momentum from global sports events As for notebook panels, notebook manufacturers started their stock-ups earlier than previous years, in fear of the shortage of components like driver ICs As a result, the notebook panel shipments for 2018 increased as well “Looking ahead to 2019, shipments of large-size panels are expected to reach 81177 million pieces, an annual grow of 1%, driven by specs upgrades”, says Iris Hu, the research manager of WitsView Shipments of notebook panels are expected to grow by 16% YoY to reach 19012 million pieces, as high resolution and narrow-border models will still be popular in the market The growth of borderless models and the gaming market will bring more replacement demand for peripherals, pushing monitor shipments to a new high of 15803 million pieces, a YoY growth of 44% In addition, three new fabs will enter the operation this year, with a focus on producing large-size TV panels Thus, TV panel shipments are expected to reach 28598 million, an annual growth of 1% This will mark the third consecutive years for TV panel shipments to grow As for the specs of TV panels, panel makers have been making UHD a standard feature for large-size TV panel products and narrowing the price gap between and UHD and FHD products in recent years, boosting the penetration rate of UHD models to 39% in 2018 Looking ahead to 2019, two gen 105 fabs will focus on producing 65-inch and 75-inch panels, while gen 85 fab will shift to production of 55-inch ones in order to consume the capacity Meanwhile, the production volume of 32-inch panels will be cut The adjustments in product mixes would drive the penetration rate of UHD models up to 50% Particularly, most of 55-inch or larger products will feature UHD For 50-inch models, the penetration rate of UHD models has reached 88% this year after the gen 86 fab adopted economic cut In 2019, the rate will continue to grow and 96% of 50-inch TV panels would feature UHD if the capacity expansion is completed IT panel makers will continue to focus on reducing border size Both borderless PC monitor panels and narrow-border notebook panels recorded impressive shipments in 2018 With panel makers’ active capacity expansion for borderless PC monitor panels and promotion of PC brands, the penetration rate of borderless panels reached 31% in 2018, and has a chance to reach 45% this year as the demand continues to increase and capacity to expand As for notebook panels, the market not only focuses on increasing viewing angle and resolution, but also tries to increase the screen to body ratio inspired by the trends in the smartphone market Notebook panel makers have been tried to place 14-inch narrow border panels in 133-inch case, making the products thinner and lighter, together with a new selling point This trend drove the shipments of narrow-border notebook panels to increase by 347% in 2018, and the penetration rate to 25%, 19 percentage points higher than in 2017 As the price gap between narrow border models and panels with VESA standard gradually reduces, the penetration rate of the narrow border panels will exceed 40% in 2019

Press Releases
Panel's Glut Ratio Might Peak at 4.3% in 4Q18; Panel Price Trend Might Be Reversed

2018/09/27

Consumer Electronics / Display

WitsView, a division of TrendForce, reports that the large-sized panels witnessed slashed demand in the first quarter with decreased panel shipment by area, but the oversupply was eased in 2Q18 as the demand recovered and the supply (glass output by area) dropped In the third quarter, the enhanced stocking-up demand in a peak season has reversed the over-supply trend However, WitsView reports higher risks of panel price decline in 4Q18, for the end demand may gradually slide in the upcoming quarter while panel makers keep on targeting full utilization rates Iris Hu, a research manager of WitsView, points out that monitor panel's demand grew from the second quarter because brands expanded their product lines of the borderless and the gaming (e-sports) Regarding laptop panels, brands steadily had their orders be fulfilled ahead of time due to the tight supply of driver ICs As for TV panels, panel makers offered special deal price to stimulate rising demand On a whole, in the second quarter, panel demand by area was larger than previous prediction On the supply end, panel supply by area was smaller than expected because of two reasons below First, Samsung Display (SDC) conducted annual maintenance for its Fab L7-2 and L8 in April Next, BOE's Gen 105 fab began to slow down input momentum in the mid second quarter Thus, panel supply by area in second quarter was smaller than expected Reasons above made panel glut ratio considerably shrink from previous prediction (74%) to 35% in the second quarter Decrease in demand might lead panel's glut ratio to peak at 43% in 4Q18 In the third quarter, the peak season is time for promotional campaigns All application categories' stocking-up momentum has been strengthened Panel demand by area is estimated to rise 106% QoQ In particular, monitor brands continue increasing their demand for borderless and gaming (e-sports) products For laptop brands, their launches of new products have been delayed due to tight supply of driver IC and postponed delivery of Intel CPU However, because of the traditional peak season, laptop panel's stocking-up demand is still expected to reach a certain extent When it comes to TV panel demand, because of rising stocking-up momentum in the peak season and increasing panel price in July, brands became more aggressive to procure In terms of supply, BOE and CEC Group's three new fabs proactively expand their capacities Hence, in the third quarter, supply by area rise by 52% QoQ Since the total demand grows faster than the total supply, in the third quarter, glut ratio shrinks to negative 16%  A fourth quarter is a duration of year-end inventory control In 4Q17, because of promotional campaigns on November 11 and the holiday season at the year-end of Europe and USA, demand in 4Q17 was lasted from 3Q17 In contrast, in 4Q18, panel demand of the top four application categories is predicted to gradually drop, considering the strong procurement momentum from 1Q18 to 3Q18 This is an indirect reason why demand by area is expected to decline 35% QoQ By contrast, on the supply end, three new fabs in China will continue to move toward their full-utilization-rate BPs for the year 2018, in order to get governmental subsidies Thus, supply by area might grow 23% QoQ in 4Q18 The glut ratio in the fourth quarter, thus, will enlarge to 43%, and further lead to a possible reverse in panel price trend WitsView points out, this year on the supply end, BOE and three new fabs in the CEC Group have reached mass production phases Another four of the industry's existing fabs are still expanding capacities (One of them is AUO's Gen 85 fab in Houli Other three fabs are from Chinese panel makers) In 2018, panel supply by area is predicted to grow by 74%, reaching 2015 million square meters This is the year whose growth rate is highest since the year 2013 On the demand side, in 2018, FIFA World Cup raised the demand of TV panels Besides, products' specification upgrades and the rising e-sports demand increased the demand for PC panels Moreover, in the first half of 2018, panel makers offered friendly prices for panels Due to the above reasons, large-sized panel demand by area for 2018 will grow 86% YoY, coming to 1969 million square meters In this way, the annual glut ratio will shrink from previous prediction (55%) to 24%

Press Releases
TV Panel Shipment Grew by 11% YoY in 1H18, BOE Ranked the Top for The First Time, Says TrendForce

2018/07/24

Telecommunications / Display / Consumer Electronics

According to the latest report by WitsView, a division of TrendForce, global TV panel shipments reached 13689 million pieces in 1H18, a year-on-year growth of 11% The record high shipments have ended the decline over the past two years After a high price level in 1H17, the TV panel prices have been decreasing since 1Q18, which pushed brands’ panel purchases Panel makers also offered special deal projects to increase the shipments, which further lowered the panel prices “The global TV panel production capacity will increase by 87% YoY in 2018 as the three new fabs enter the market during the year”, says Iris Hu, the research manager of WitsView, “therefore, specification or size upgrades will be a must for panel makers” For the first half of 2018, Chinese panel makers still allocated considerable capacity to 32-inch panels, which accounted for 324% of the total shipments This size recorded a YoY shipment growth of 262% in 1H18, and will boost the whole year’s shipments to a new high of 2771 million pieces However, the large share of 32-inch panels will also restrain the average panel size growth For 2018, the average size is estimated to be 452-inch, a marginal growth of 06-inch from last year BOE surpassed LGD and ranked the top; Innolux ranked the third with special deal projects BOE’s shipment of 65-inch panels increased QoQ by 3818% in 2Q18, as its world-first Gen 10 fab entered operation In terms of small size products, BOE has seen stable demand for 32-inch panels in 1Q18 thanks to stock-ups for the World Cup As the demand has been pulled in the second quarter and its Gen 85 fab in Fuqing continued to ship products, BOE has offered special deal projects to consume the capacity of its 32-inch and 43-inch products The company’s total shipments reached 25625 million pieces in 1H18, a growth of 314% over a year ago This is the best shipment performance among the six major TV panel makers, making the company surpass LGD and go back to the top of shipment ranking for the first time LGD has been trying to obtain higher revenue and profit from limited production capacity in order to compete with the large new capacity of Chinese panel makers Therefore, LGD has decreased the share of 43-inch panels and increased that of 75-inch in Gen 75 fab, then decreased 49-inch and increased 55-inch and 65-inch ones in Gen 85 fab Although the size adjustments affected LGD's shipments in the first half of this year, which saw a YoY decline of 43% to 24199 million pieces, this adjustment strategy still works since the total shipments of 55-inch, 65-inch and 75-inch increased by 101% YoY Innolux was influenced by the poor demand for 395-inch and 50-inch panels, ending up with increasing inventory level and weak shipments Therefore, Innolux also provided special deal projects in May and June to consume the inventory Its shipments increased significantly to 511 million pieces in June, a new monthly high In total, Innolux shipped 20831 million pieces of TV panels in 1H18, a YoY growth of 29%, bringing Innolux to the third place in the ranking CSOT produced at full capacity to boost shipments, AUO recorded the most annual decline among the top 6 CSOT’s annual maintenance of its first Gen 85 fab (T1) in this March indirectly affected the production and shipment of the month, but the new capacity of its second fab (T2) has been operating at its full capacity from 2Q17, driving its 55-inch shipments to grow by 126% in the first half of this year The total shipments of CSOT reached 19292 million pieces, a YoY increase of 62% After the shutdown of L7-1 factory, Samsung Display (SDC) has adjusted its TV panel shipping strategy from keeping the shipment level to ensuring profitability SDC has simplified its product mixes from last year to increase the effective production capacity and to maximize the production volume Therefore, the company’s shipments of 55-inch and 65-inch panels still grew by 289% and 303% respectively in 1H18, even the demand weakened in the second quarter of this year, and its L7-2 and L8 factories had annual maintenance SDC’s total shipments reached 19281 million pieces, a YoY increase of 47% Although AUO has expanded the production of 25K sheet in its Houli Gen 85 fab, the new capacity will not be available until the second half of this year In addition, AUO continues to expand its deployment in 65-inch and 75-inch panels, its high-end large-sized products, squeezing the capacity for other small and medium-sized products AUO’s shipments decreased by 59% year-on-year in 1H18 to 12492 million pieces, the most decline among the six major panel makers

Press Releases
Global TV Panel Shipment Grew by 9.1% Monthly in May, BOE Surpassed LGD and Ranked the First, Says TrendForce

2018/06/28

Consumer Electronics / Display

According to the latest report by WitsView, a division of TrendForce, global TV panel shipments reached 2352 million in May, a 91% growth over the previous month Although branded TV makers have purchased fewer panels since 2Q18 in order to adjust their inventory levels, the panel makers still have high utilization rates In the situation, they planned special deal projects to increase the shipments, which would probably further lower the panel prices The panel shipments have shown some improvements in June “The TV set retail prices in Chinese 618 mid-season sales have been 20% lower than in 315 sales”, says Iris Hu, the research manager of WitsView, “which may stimulate the channel sales and consume inventories” Going forward to the end of 2Q, TV panel prices have approached the cash costs TV brands are expected to stock up panels in advance, on considering the limited room for further price decline “Therefore, we expect the TV panel shipments in June to be roughly the same as May BOE returned to the top of shipment ranking thanks to special deal projects, Innolux ranked the second with 425 % monthly growth BOE has adjusted the product mixes of its Gen 85 fab, increasing the share of 55-inch panels, of which the shipment reached a record high of 590,000 pieces In terms of small size products, BOE has shipped all 600,000 pieces of 32-inch panels in the inventory at special deal prices, and the total shipments of this size reached 2578 million pieces, a growth of 302% over last month In total, BOE shipped 4774 million pieces of TV panels in May, a monthly growth of 19% This is a new high record of BOE’s shipments, bringing the company back to the top of shipment ranking Innolux recorded relatively low shipments in April due to poor demand, ending up with high inventory level for 395-inch and 50-inch panels Similar to BOE, Innolux also provided special deal projects, consuming nearly 40% of 395-inch panels’ inventory Its shipments for 395-inch panels increased significantly by 136% to 137 million pieces in May In total, Innolux shipped 3817 million pieces of TV panels, a growth of 425% month-on-month With the highest shipment growth among the six major panel makers, Innolux returned to the second place in the ranking Panel price drop has reduced the customers’ willingness to stock up, LDG’s shipments decreased by 7% monthly in May LDG has also been influenced by the panel price drop starting from 2Q18, which lowered the customers’ willingness to stock up As the result, the shipments of LGD have been decreasing for two consecutive months The mainstream size, 43-65-inch products recorded a shipment decline of 94% On the whole, LDG shipped 3643 million pieces of TV panels in May, a decrease of 7% compared with previous month The decline appeared to be the steepest among the six major panel makers CSOT, one of the major suppliers of 32-inch panels, has adjusted the product mixes to reduce the risks of stocking up 32-inch products The shipments of 43-inch and 49-inch products grew by 388% and 211% compared with last month Yet in total, the monthly shipments of CSOT for all sizes still declined by 31% to 3241 million pieces Samsung Display (SDC) started its annual maintenance of Korean fab in April amid the weak demand in Q2, resulting in low production volume and shipments in April and May In June, SDC shipped 400,000 pieces of 65-inch panels thanks to its production scale and cost advantages For all size, SDC shipped 315 million pieces in May, a 28% increase over the last month AUO's TV panel shipments recorded 2005 million pieces in May, a monthly decline of 11% This was mainly attributed to the customers’ lower willingness to stock up because of the overall poor demand and the continued drop in panel prices The shipments of 50-inch and 55-inch panels declined by 63% and 78% respectively

Press Releases
Increased Supply of IT Panels in 2018 May Pose a Risk of Oversupply, Says TrendForce

2018/03/29

Consumer Electronics / Display

According to the latest IT panel shipment report of WitsView, a division of TrendForce, the total shipments of PC monitor panels and notebook panels in 2017 were 31494 million pieces, a YoY increase of 3% In 2018, IT panel makers will focus on reducing border size, increasing viewing angle and resolution Vendors also aim to drive shipments through specification upgrade It is expected that the total shipments of PC monitor panels and notebook panels will reach 32637 million pieces in 2018, a YoY increase of 36% “The shipments of monitor panels have witnessed continuous decline due to saturation of market and panel size increases”, says Iris Hu, the research manager of WitsView The number of monitor panels shipped worldwide was 13759 million units in 2017, a YoY decline of 16% On the other hand, demand for notebook panels kept going up quarter by quarter in 2017 thanks to bidding orders from North America and promotion by Chinese vendors in 2H17 The annual shipments totaled 17735 million units, a YoY increase of 69% This also indicates that the market growth comes back to a positive figure after two years of recession Innolux and BOE will expand production, so the monitor panel market will see an oversupply with a glut ratio of 49% Influenced by the traditional off-season, the shipment of monitor is expected to decline by 10%-11% in 1Q18 However, “the shipment of monitor panels in 1Q18 will grow by 04% against the trend due to the low prices”, says Hu For mainstream panels, the current prices are 12% -15% lower than the same period of last year Therefore, monitor makers, who currently have a low inventory level, will stock up As Innolux’s Gen 6 fab and BOE’s Gen 85 fab in Fuqing allocate more capacity to monitor panels, the market will probably see monitor panel shipment rise in 2018 for the first time in seven years The shipment is expected to 14036 million pieces, a YoY increases of 2% In terms of brands’ product mixes, they will continue to shift their focus to high-profit specifications, including large-size, borderless, and gaming-related models; so the monitor shipment will gradually drop The glut ratio of monitor panels is expected to reach 49% this year, much higher than the past three years when the figures were lower than 1% Panel makers allocate more resources to notebook panels, which have become the most profitable category Panel makers are going to allocate more resources and capacity to notebook panels driven by the better-than-expected shipments of this category In addition, notebook panels turn out to be more profitable than TV panels and monitor panels, thus motivating the makers as well As the result, the shipment of notebook panels are expected to reach 18601 million pieces in 2018, an increase of 49% year-on-year On the demand side, notebook vendors will stock up panels in 1Q18 to prepare for the production of new specifications like high resolution, wide viewing angle and narrow border Therefore, notebook panel shipments will drop by only 1%-2% although notebook shipments are expected to drop by 15%-16% quarterly in 1Q18 “However, the expected launch of new MacBook Air and MacBook Pro in the second half of this year may influence the sales of other brands, thus dampening the overall shipments of notebook this year”, adds Hu, so suppliers will probably face an oversupply of panels if they do not adjust their production plan accordingly”

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