Financial

Samsungs reports its Q4 2022 financial results, OLED sales declined as demand for smartphones fell

Samsung Electronics reported its financial results for Q4 2022, with revenues of $57.3 billion, and an operating profit of $3.5 billion.

Samsung Galaxy S22 Ultra photo
Samsung says that the "business environment deteriorated significantly in the fourth quarter due to weak demand amid a global economic slowdown". SDC's mobile AMOLED panel business earning declined, as demand for smartphones fell, but its large-area panel business seen a smaller loss as it is increasing sales of QD-OLED panels.

Read the full story Posted: Jan 31,2023

LG Display reports a wide loss in Q4 2022 as demand for displays is low

LG Display reports its financial results for Q4 2022, with an operating loss of around $710 million USD (down from a profit of $350 million in Q4 2021). The company says that high inflation and interest rates reduce consumer demand and it sees weak demand and falling prices for both OLED and LCD displays.

LGD says that LCD prices are at an all time low, and the company will accelerate its plans to wind-down its LCD production. During the quarter, the portion of OLED displays out of its total revenues have risen over 50% for the first time. LG Display will also adjust its utilization rate at its OLED TV factories to meet the lower demand.

Read the full story Posted: Jan 27,2023

The Korean Government approves OLEDs as a national strategic technology to encourage more investments

As we reported a few days ago, The Korean government has officially designated five display technologies as "national strategic technologies", which gives tax breaks to display makers and developers.

The five display technologies include three specific display technologies - AMOLED, microLEDs and QD displays, in addition to deposition technologies materials and TFT equipment and materials. As strategic technologies, the government gives generous (30-50%, depending on the company size) tax credits for R&D and 8-16% tax credits for building production lines for materials, equipment or displays. The government is also considering increasing the tax credits for production lines up to 25%.

Read the full story Posted: Jan 21,2023

The Korean Government to designate OLED as a national strategic technology

In April 2022, we reported that the Korean Government is considering designating OLED technology as a "national strategic technology", which means that companies will be given tax benefits, to encourage further investments and R&D in the OLED industry.

According to new reports to Korea, the government will unveil a new draft tax law tomorrow that will indeed include new benefits to OLED developers, as OLED will be regarded as a national strategic technology indeed. This will encourage companies to establish new OLED R&D activities and new production lines. The government is also also looking to add microLED and quantum dot display technologies as strategic technologies.

Read the full story Posted: Jan 13,2023

eMagin reported its preliminary Q4 2022 financial results

OLED microdisplay maker eMagin reported its preliminary financial results for Q4 2022 - the company expects revenues to be in the range of $8.1-8.3 million, up from $7.2 million in Q4 2021. The company says this was a positive quarter with strong bookings. The company's open order backlog at the end of 2022 was $16.7 million.

eMagin XGA096 OLED-XL photo

eMagin says that this was its fifth consecutive quarter in which it achieved year-over-year growth in product revenue. The company was cashflow positive in the quarter and now has $4.2 million in cash and equivalents. eMagin expects the delivery of an advanced, production-capable, dPd organic deposition tool in the second quarter of 2023.

Read the full story Posted: Jan 12,2023

BOE plans to build a $250 million OLED module fab in Vietnam

According to reports from Vietnam, BOE decided to invest $400 million to build two new display factories, one of which will be used to produce OLED display modules. The OLED module fab has an estimated cost of $250 million. The module plant will begin operation by 2025.

According to the report, BOE plans to produce smartphone OLED modules at the new fab.

Read the full story Posted: Jan 11,2023

Kopin sort of spins-off its consumer OLED microdisplay business unit to Lightning Silicon Technology

Kopin Corporation announced that it is sort-of spinning-off its OLED business unit. Some of Kopin's executive launched a new company called Lightning Silicon Technology, and Kopin licensed its technology to the company, and will also receive a 20% stake.

Kopin Lightning OLED microdisplay photo

Lightning Silicon will focus on developing and supplying OLED microdisplays to the consumer AR and VR markets, and will produce its displays at China-based Lakeside Optoelectronics.

Read the full story Posted: Jan 06,2023

eMagin announced a $1.7 million OLED microdisplay order for F-35 helmets mounted displays

OLED microdisplay maker eMagin announced that it has received an order of approximately $1.7 million for high-brightness OLED microdisplays from Collins Aerospace for its F-35 Helmet Mounted Display System (HMDS).

F-35 helmet HMD photo

eMagin says that the Lockheed Martin F-35 Lightning is the world’s most advanced jet fighter and is designed to provide intelligence, surveillance and reconnaissance in any weather conditions, day or night, in both air-superiority and strike missions. The Helmet Mounted Display System is a critical part of the F-35's human-machine interface.

Read the full story Posted: Dec 15,2022

UBI Research: the OLED materials market will grow 8.6% annually to reach $2.75 billion by 2027

UBI Research says that according to its latest study, the OLED emitter market is set to grow from around $1.82 billion in 2022 to $2.75 billion in 2027, with an annual growth rate (CAGR) of 8.6%.

In 2027, UBI expects Samsung's emitter material orders to amount to $680 million - fueled by growth in foldable OLED panels. BOE's emitter material orders will reach $380 million, and LG Display's - $230 million.

Read the full story Posted: Dec 07,2022

Universal Display and Samsung Display sign a long-term material supply agreement

Universal Display announced that it has signed long-term OLED material supply and license agreements with Samsung Display. 

Universal Display PHOLED materials photo (2020)

These new agreements mean that UDC will continue and supply its PHOLED OLED emitter materials to Samsung Display. The agreements are scheduled to run through December 31, 2027, and may be extended for an additional two-year period. Financial terms of the agreements have not been disclosed.

Read the full story Posted: Dec 06,2022