© vinnstock dreamstime.com Analysis | July 05, 2018
Panel shipments show improvements in June
Global TV panel shipments reached 23.52 million in May, a 9.1% growth over the previous month, writes WitsView, a TrendForce division.
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 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 42.5% monthly growth BOE has adjusted the product mixes of its Gen 8.5 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 2.578 million pieces, a growth of 30.2% over last month. In total, BOE shipped 4.774 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 39.5-inch and 50-inch panels. Similar to BOE, Innolux also provided special deal projects, consuming nearly 40% of 39.5-inch panels’ inventory. Its shipments for 39.5-inch panels increased significantly by 136% to 1.37 million pieces in May. In total, Innolux shipped 3.817 million pieces of TV panels, a growth of 42.5% 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 9.4%. On the whole, LDG shipped 3.643 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 38.8% and 21.1% compared with last month. Yet in total, the monthly shipments of CSOT for all sizes still declined by 3.1% to 3.241 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 3.15 million pieces in May, a 2.8% increase over the last month. AUO's TV panel shipments recorded 2.005 million pieces in May, a monthly decline of 1.1%. 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 6.3% and 7.8% respectively.
Eguana inks deal for residential energy storage systems Eguana Technologies Inc. has entered into a development contract with an unnamed renewable energy company to develop and certify proprietary residential storage systems for distribution through its sales channels across global markets.
BlueRing Stencils picks up Stone Mountain Tool BlueRing Stencils has acquired Georgia-based tooling supplier Stone Mountain Tool.
Bosch increases its stake in fuel-cell expert Ceres Power Bosch has increased its stake in Ceres Power from 3.9% to circa 18%. Bosch’s total investment in the company will be approximately 90 million euros.
Haldex Heidelberg staff urges management to reconsider the closure It was back in October of 2019 that Haldex announced that it was streamlining its production in Europe, a decision that would see the move of production from Heidelberg in Germany to Szentlörincskáta in Hungary.
Sponsored content by CMLCML manufactures Metal Substrate solutions Printed circuit boards (PCBs) plays an important role in our day to day life. Whether it’s the car you’re driving, the phone that you’re scrolling through or computers that you’re sending emails from. What happens when you use heat generating components on a PCB? That’s right, cooling is needed!
Foxconn’s Gou: WI plant operational this year Foxconn Technology Group founder Terry Gou is indicating that the company’s new manufacturing facility in Mount Pleasant, Wisconsin, still currently under construction after multiple slowdowns, will generate products beginning this year.
Zentech acquires Trilogy Circuits LLC Zentech Manufacturing has acquired Texas-based Trilogy Circuits LLC, a provider of EMS services to military primes and other high-reliability industries in Texas and across the United States.
Markus Jeck to take lead of Enics Switzerland EMS provider Enics has appointed Markus Jeck as the new General Manager of Enics Switzerland.
Hanwha Precision Machinery launches tech centre in Germany Hanwha Techwin Automation Americas' – formerly Samsung C&T Automation – unit, Hanwha Precision Machinery, has launched an integrated tech centre for Europe in Germany to accelerate its global expansion.
TTM Technologies to sell four China manufacturing plants TTM Technologies is executing a definitive agreement under which the company has agreed to divest its four China manufacturing plants – which make up substantially all of the assets of its Mobility business unit.
Incap acquires AWS Electronics EMS provider Incap has signed an agreement to acquire 100% ownership of AWS Electronics Group.
Ampleon, Rochester Electronics ink deal RF power products supplier Ampleon and semiconductor manufacturer Rochester Electronics have forged a strategic partnership to extend the global supply of Ampleon’s VDMOS portfolio of high-performance RF transistors.
Trust Automation appoints new COO California-based Trust Automation Inc., a supplier of automation technology for industrial and defense applications, has welcomed Teddy Ross to the company as chief operations officer, effective immediately.
TDK Ventures invests in SLD Laser TDK Ventures Inc., a subsidiary of TDK Corporation, has invested in SLD Laser, a specialist in the use of gallium nitride (GaN) in the commercialization of visible laser light sources for multiple applications including automotive, mobility, medical, and specialty lighting.
Sono Motors hits its target - community funding works The Munich-based mobility provider Sono Motors has successfully completed the extension of its campaign to finance the company and has exceeded its target of EUR 50 million.
New group structure at Mycronic aimed securing future growth Swedish creator of production equipment, Mycronic, has grown quite a bit during the last years; both organically but also through acquisitions. And with that growth some structure is in order.
Zenuity and HP Enterprise team up to develop next-gen autonomous driving cars Hewlett Packard Enterprise (HPE) has been selected by Zenuity, a Swedish developer of software for self-driving and assisted driving cars, to provide the crucial artificial intelligence (AI) and high-performance computing (HPC) infrastructure it needs in order to develop next generation autonomous driving (AD) systems.
Honeywell, Lockheed Martin win NASA contracts Honeywell and Lockheed Martin have both announced recent contracts for the supply of key components to NASA’s Orion spacecraft fleet for the upcoming Artemis lunar missions.
Libra Industries welcomes new VP EMS provider Libra Industries has welcomed David Chavez to its leadership team as the new VP of Integrated Business Development.
Danfoss shuts down site – hundreds of jobs lost Danish industrial group, Danfoss, is taking steps to optimise and strengthen its competitiveness. This will result in a closure of the groups manufacturing site in Kolding, Denmark. Production from the site will be moved to the groups manufacturing location in Poland.
USI builds its third antenna chamber measurement system USI is currently building its third antenna chamber measurement system with a targeted completion date in the first quarter of 2020.
AT&S receives NADCAP accreditation With the NADCAP accreditation, new doors in the aerospace sector has been opened for the Austrian company.
Toshiba Carrier to establish new manufacturing subsidiary in Europe Toshiba Carrier Corporation announced the establishment of a new manufacturing subsidiary in Gniezno, a mid-western city of Poland.
Ericsson opens new R&D site in France Ericsson says it will establish a new R&D site in France with up to 300 employees, accelerating 5G momentum in Europe.Load more news