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Trump Tariffs Will Reshape the US Electronics Industry: Latest Imports Data Shows Continued Reliance on China

November 11, 2024

The election of Donald Trump as the 47th US President will force big changes in the supply chain for electronics products using displays if he follows through on campaign promises. Although there are signs that the display supply chain is slowly migrating to other regions, China remains the essential country for electronics imports to the US. If Trump follows through on his promise to implement a 60% tariff on imports from China, it will cost importers billions of dollars, likely forcing them to shift production to other countries.
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UDC Books a Profitable Q3 But Signals Material Sales Slowdown

November 4, 2024

After a strong first half of 2024, Universal Display Corporation (UDC) reported a sequential increase in net profits but signaled a slowdown in materials sales that started near the end of the third quarter. The company now projects reduced material sales in the fourth quarter and has downwardly revised its full year revenue guidance. Investors punished the company after the call, pushing the company’s stock price down 11% in trading on Thursday. The company’s stock closed on Friday, November 1st at $180.25, down 3% year-to-date.
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China National Day Shutdown Stabilizes LCD TV Panel Prices

November 4, 2024

A shutdown by major Chinese LCD makers for the country’s National Day holiday has throttled industry supply leading in the fourth quarter, and as a result LCD TV panel prices have stabilized. For the first time ever, in our outlook we expect prices for all panel sizes to be unchanged for the next three months.
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Financial

Panel Maker Q3’24 Earnings Preview

October 21, 2024

LG Display will kick off the Q3 earnings season with a report on Thursday, October 23rd, to be followed by AUO, Samsung and the rest of the flat panel display makers. For Chinese panel makers, the Q3 report will be an abbreviated report, which usually is issued about October 31st. Let’s preview the panel maker earnings season.
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TV

China Government Subsidy Program May Boost TV Demand

October 14, 2024

A subsidy program implemented by the Chinese government, part of a wider set of packages to revive the economy, is expected to boost TV demand in the fourth quarter. On September 25th, China’s NDRC (National Development and Reform Commission) issued CNY 150B (US$21.4B) of ultra-long-term special national bond funds to localities to support the implementation of consumer goods trade-in according to local conditions
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China National Day Shutdown Slows Down LCD TV Panel Price Declines

October 7, 2024

A shutdown by major Chinese LCD makers for the country’s National Day holiday has reduced industry supply leading into the fourth quarter, and as a result has firmed up LCD TV panel prices. While panel prices are still coming down in Q4, the pace of decline has slowed. While we do not see any demand drivers that could push prices up, the pace of price declines is very gradual, approaching flat.
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LCD TV Panel Prices Declining into Q4

September 9, 2024

As summer turns to fall, falling is exactly what is happening to LCD TV panel prices. The springtime rally helped TV panel makers to improve profitability in the second quarter, but that profitability is likely to deteriorate in the third quarter. Compared to many former down-cycles, the pace of price declines is more gradual, and we expect that pattern to continue in the coming months, but as of now we do not yet see prices bottoming out.
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Chinese Panel Maker Q2’24 Earnings: Large Screen Makers Solidly Profitable

September 3, 2024

The three publicly traded panel makers in China with substantial large-screen LCD businesses released their financial reports for the second quarter of 2024 last week, and the results painted a picture of a healthy display industry. The companies rode higher prices to increased profits and are generating free cash flow. Meanwhile, the three Chinese panel makers focused on smaller screens – Tianma, EverDisplay and Visionox – have not yet reported Q2’24 results as of August 30th.
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