Tianma

Omdia released its small and medium (9-inch and lower) AMOLED market share information for 2023, saying that even though Samsung's market share was lower than 50% for the first time, it stills leads the market by a large margin, with a 43% market share. 

Samsung is followed by BOE (15%), LG Display (10%), Visionox (9%) and Tianma (8%). The total market reached 842 million units, a growth of 11% over 2022. Omdia says that the China-based OLED makers have been expanding their capacity and improving the quality of the produced panels, and are securing orders from domestic smartphone brands. 

A report from China suggests that Samsung will not produce any AMOLEDs for the upcoming Apple iPhone SE 4, as the Korean maker asked for around $30 per unit (6.1-inch) which was too high for Apple. Apple apparantly wanted to pay only $25, and it is estimated that BOE will supply most of the units, with some orders perhaps going to Tianma.

According to reports, Samsung estimated that it will not be able to make a profit in this project and decided to stop the negotiations when Apple insisted on a low price.

DSCC reports that according to its information, OLED panel shipments in Q3 2023 increased 14% from last year (and 18% from the previous quarter) to reach 205 million units. There are positive signs that inventory has started to rebalance for some categories.

OLED smartphone shipments increased 12% over last quarter (and 25% from last year), while OLED TV shipments continue to be soft, and dropped 14% from last quarter and 40% (!) from last year.

Three display makers in China (BOE, Tianma and Visionox) reported their preliminary financial results for the first half of 2023. It seems as if all companies are facing a sluggish economy and lower demand for displays - but the OLED business is actually seeing increased demand.

We'll start with BOE, that expects an operating profit of around 700-800 million Yuan ($97-110 million USD) in the first half of 2023, a decrease of around 90% from last year. BOE says that it is starting to see demand increasing as the year progresses.

Earlier this year, we reported that Samsung filed a request at the US International Trade Commission (ITC) to ban BOE's aftermarket AMOLED panels in the US, as they infringe on Samsung's OLED patent. Following the request, the ITC started a formal investigation.

According to a new report from China, several OED makers in China (BOE, Tianma, TCL CSoT and Visionox) have joined forces and filed a motion to invalidate one of Samsung's main OLED patents in the US. This is a response to SDC's request to halt BOE's US aftermarket AMOLED panel sales.

DSCC says that BOE's market share in the flexible (and foldable) smartphone OLED market has risen to 27% in Q1 2023. BOE flexible and foldable OLED panel sales grew 81% in Q1 2023 compared to last  year, as the company enjoys growing sales to Apple, Huawei, Oppo, Realme, Vivo and ZTE. BOE is mostly taking market share from Samsung and LG, while Tianma's market share is also on the rise.

DSCC estimates that flagship smartphone shipments grew 17% in the first quarter, with flexible OLED smartphone shipments growing 18% and foldable ones growing 4%.

Tianma announced that it has successfully commercialized in-cell touch AMOLED displays, and it is now starting to mass produce the first such display to a customer, a well-known smartwatch maker that will ship the product in Q3 2022, globally.

Tianma explains that by adopting the in-cell structure, it has managed to reduce the total screen thickness by 20%, compared to its current on-cell technology. The new AMOLED display is also lighter.

China-based Tianma announced that it has started producing flexible AMOLED displays at its 6-Gen production line in Xiamen. This is just the first production runs, it will probably take some time for Tianma to ramp up production.

Total investment in Tianma's new fab (TM18) is estimated at $6.8 billion USD and the monthly capacity will be 48,000 6-Gen substrates. The company says that this is the largest flexible AMOLED production line in China, and it is also the largest ever investment in Xiamen's history.

Universal Display announced that Tianma Micro-electronics has extended its long-term OLED material supply and license agreement. UDC will continue to supply Tianma with its phosphorescent OLED materials and technologies.

UDC did not disclose any more details or financial terms. The original agreement between Tianma and UDC was signed in 2016.

Universal Display reported its financial results for Q3 2021. Revenues were a record $143.6 million, up from $117.1 million in Q3 2020 and net profit was $46.1 million (up from $40.5 million from Q3 2020). The company has about $789 million in cash and equivalents, the it reiterates its full-year 2021 revenue guidance to be between $530 million and $560 million.

Regarding its blue PHOLED R&D effort, UDC says it is making "excellent progress", and the company believes that a commercial blue material is a question of when and not if.