DSCC estimates that it has increased its OLED equipment spending estimate for 2020-2023 by 11% compared to its previous outlook. DSCC now sees total OLED equipment spending reaching $45 billion. The increase was due to increased demand for LGD's mobile OLEDs and plans to increase capacity and CSoT's new $6.8 billion IJP OLED fab plans.
Interestingly DSCC also increased its LCD equipment spending estimate by 37% following three recently announced smaller expansion plans. In total for both LCDs and OLEDs, display equipment spending for 2020-2023 was upgraded by 9% vs. DSCC's last estimate to $38B.