Innolux Corporation reported 2024 consolidated revenue of NT$216.5 billion (US$6.58 billion), marking a 2.3% increase from the previous year, underscoring the company's strategic transformation efforts.

Laster and Excellence Optoelectronics (Excellence), the Taiwan-based LED automotive module manufacturers, have posted record-breaking revenues for 2024, with year-over-year growth rates of 10.2% and 28.2%, respectively. In response to the global trend of diversifying automotive supply chains, Laster plans to collaborate with Taiwan-based manufacturers in Thailand and Mexico starting in 2025. Meanwhile, Excellence is accelerating the construction of its plant in Mexico, which is expected to be completed in the third quarter of 2025, with production scheduled to begin in 2026.

AU Optronics (AUO) has collaborated with Sony Honda Mobility to unveil an innovative Micro LED Display Human-Machine Interface (HMI) at CES 2025. The technology has been integrated into the Afeela electric vehicle, serving dual functions as both a head-up display and an external communication interface.

As global demand for display technologies continues to soar, India is vying to establish itself as a competitive player in the display fabrication (fab) industry.

Innolux unveiled its next-generation microLED and miniLED display innovations at CES 2025, including the "106-inch AM-micro LED seamless display module" and the debut of the "9.6-inch micro LED Smart Mirror." The showcase also featured the latest "17.3-inch and 23.8-inch mini LED outdoor displays," emphasizing a bold vision for transforming visual experiences.

As President-elect Donald Trump prepares for inauguration on January 20, discussions about potential tariff hikes are intensifying. In response, IT brands are increasing their inventories in North America, fostering a recovery and leading to a slight increase in IT panel prices.

The upcoming inauguration of US President-elect Donald Trump and the continuation of China's subsidy policies into 2025 have driven a sustained increase in panel demand. As a result, first-quarter demand remains robust, with panel manufacturers' average utilization rates expected to reach 80-85%, which is significantly higher compared to the first quarter of 2024.

In the latter half of 2024, China's introduction of a trade-in program has revitalized the panel market, with subsidies expected to extend into 2025. This initiative is prompting Chinese television brands to embrace more aggressive strategies for stocking panels.

At this year's CES, TCL held a press conference showcasing its latest QLED TV product line and introducing a new generation of Mini LED display technology. In the mobile device sector, the company unveiled its latest mobile display technologies and 5G smartphone products.

Panel manufacturer GIS is set to unveil cutting-edge technologies in smart automotive displays and near-eye displays at CES. Key highlights include head-up displays (HUD), low-reflection coating technology, Mini LED touch display modules, and waveguide display modules. In December 2024, GIS reported consolidated revenues of NT$7.112 billion (approx. US$220 million), a month-over-month increase of 5.65%, driven primarily by a rise in tablet shipments.

Samsung Display (SDC) is set to introduce its latest 18.1-inch foldable OLED panel at the upcoming Las Vegas-based CES 2025 on January 7, 2025. The innovative display can be folded to a portable 13.1 inches or expanded to its full 18.1-inch size, effectively functioning like two tablets, according to ET News and The Elec.

AUO and its subsidiary BHTC will showcase a smart cockpit at CES 2025, under the theme "Infinite Future, Unlimited Possibilities." They will debut a groundbreaking seamless integration of Micro LED transparent displays, into a large Virtual Sky Canopy and the XR Interactive Window that features multiple functions including touch and sensing capabilities.

As the new year unfolds, the global economy and trade dynamics remain highly complex and unpredictable. Among these developments, significant policy changes in both China and the US are heavily impacting the television market.

The global panel industry faces persistent overcapacity, triggering an ongoing wave of plant closures and sales. Taiwan-based mid-sized panel manufacturer GiantPlus noted that, in recent years, numerous 5th-generation and smaller panel production lines have either been repurposed or shuttered.

The global display panel industry is currently experiencing a significant turning point as production lines transition into a phase of replacement and adjustment. Has the closure of outdated factories become a "necessary pain" for the display industry to transition toward transformation and upgrading?

In 2024, the optoelectronics industry faced challenging market conditions. Despite this, OLED panels are expanding from smartphones into tablets, PCs, and other IT products, driving investments from major players. Microdisplays, automotive panels, and glass substrates are also gaining traction, with competition expected to intensify post-2025.

Despite the rebound in LCD demand driving panel manufacturers' utilization rates, the weak demand for OLED TVs is expected to hinder improvements in utilization rates for OLED panel factories during the first half of 2024. Analysts suggest that the display industry has entered a growth cycle dominated by IT OLEDs, and with the widespread adoption of artificial intelligence (AI) promoting low-power trends, OLED growth is still anticipated to continue.

Royole Technologies, once a leading innovator in flexible OLED panels, has seen its assets go unsold in multiple auctions following its bankruptcy filing in a Shenzhen court in November 2024. According to Nikkei, IC Smart, and 36kr, the company's liquidation process has stalled despite price reductions.

According to Theelec, Samsung Display has begun selling off LCD equipment through Samsung C&T starting November 2024, following its complete exit from the LCD business in 2022 and subsequent transition to OLED display production. The sale includes automatic packaging, cutting and cleaning machines, and a transportation system from its L8 factory, with some equipment already dismantled as of November.

The US House Select Committee on Strategic Competition with the Chinese Communist Party (Select Committee on the CCP) has urged a ban on importing OLED panels from BOE over alleged patent infringements against Samsung Display (SDC). Analysts suggest that such a ban could bolster South Korea's display industry, positioning SDC as the primary beneficiary.

Leading display panel firm Innolux is forging ahead with a comprehensive transformation under the leadership of Chairman Jin-yang Hung. Since taking the helm in 2018, Hung has pursued his "666 Initiative," a strategic blueprint designed to guide the company's evolution over three distinct six-year phases.

Amid intense competition from Chinese suppliers and a maturing consumer electronics market, Taiwan-based panel provider Innolux is pursuing transformation through its "More than Panel" strategy. The company is exploring advanced semiconductor packaging and maintains cautious optimism about Fan-Out Panel Level Packaging (FOPLP) while acknowledging the inherent challenges.

Samsung Display is advancing its microOLED technology by shifting from silicon wafers to glass substrates, a move aimed at improving production efficiency and reducing costs for AR/VR devices.

AmTRAN's operational performance showed marked improvement throughout 2024, with the company announcing plans to expand into AI-enabled display products. While maintaining its core partnerships with US-based manufacturers for display solutions, the company is developing new AI-integrated products slated for launch in 2025. Simultaneously, AmTRAN is streamlining its product portfolio by phasing out underperforming lines to enhance profitability and gross margins.

In response to Taiwan's panel and traditional industries facing fierce competition from Chinese peers, deputy minister of Taiwan's Ministry of Economic Affairs (MOEA) Chin-tsang Ho said that the MOEA will offer R&D subsidies totaling NT$11.6 billion (approx. US$354.15 million) starting in 2025 and welcomes applications from related industry players.