Innolux and AUO stated that the panel industry has bottomed out in the first quarter of 2024 and they are projecting double-digit revenue growth from their automotive applications.
AUO and Innolux are optimistic about the future of MicroLEDs despite Apple's abortion of its MicroLED smartwatch project. The two firms believe the act opened up even more technological opportunities for MicroLEDs.
The expectation for the OLED display market in 2024 is quite high, with market research firms forecasting a rebound in revenue, especially with Apple's iPad set to feature OLED displays for the first time, which is expected to drive market growth.
Iris Optronics, the sole provider introducing Cholesterol Liquid Crystal Display (ChLCD) to color e-paper, will showcase two proprietary color e-paper technologies and unveil a new product at the 2024 Touch Taiwan.
Panel maker AU Optronics (AUO) is teaming up with e-paper solution provider E Ink Holdings (EIH) to develop large-size color e-paper displays, according to the companies.
E Ink Holdings (EIH) will showcase an 88-inch e-paper display and an e-paper wall over 100 inches – both in color – at Touch Taiwan 2024. The firm's other offerings at the expo include green technologies, cloud services, and a wide range of color e-paper applications.
Innolux will showcase its Generative AI (GenAI) technologies at the 2024 Touch Taiwan, including a 3D printer with AI 3D imaging solutions and its "Chat-N-Go" AI Automated Guided Vehicle (AGV) display, among other versatile display solutions.
Micro LED applications are expected to multiply in the coming years, especially in the automotive sector. Li Yun-Li, CEO of micro LED supplier PlayNitride, said customers will likely put the company's product into concept vehicles in 2025 and enter the design phase of volume-production cars in 2027. The adoption of micro LED solutions in EVs could progress faster than expected.
Taiwan's major panel specialist Innolux is poised to wow the audiences at the upcoming Touch Taiwan 2024 by showcasing the industry's first color conversion MicroLED display technology alongside other pioneering MicroLED innovations and applications.
After securing a 27-inch OLED display sale to Hyundai Motor Group's Genesis, LG Display (LGD) also reportedly received a large-sized LCD order from a foreign luxury car brand. This LCD order represents the longest size among LGD's automotive displays and is currently in preparation, with a target to officially begin mass production in the first quarter of 2026.
VP of Taiwan Display Union Association (TDUA) James Yang says he is optimistic about Taiwan's MicroLED industry and the technology's potential, despite Apple's recent decision to abort its MicroLED smartwatch project.
Production control has changed the panel industry cycle that has persisted for two decades. The industry may not see a peak season in the fourth quarter of 2024 as it used to, and instead, it could witness an oversupply of panels.
LG Innotek and the automotive electronics division of LG Electronics recently visited Hyundai Motor Group's R&D hub. The industry has been wondering whether the two sides will expand their collaboration in the car sector.
E-paper solution provider E Ink Holdings (EIH) will showcase its strategic alliances in e-paper module production, IC design, and solar-powered systems, alongside its wide array of other e-paper solutions at the 2024 Touch Taiwan.
Samsung Electronics reported profits of US$4.89 billion for the first quarter of 2024. The semiconductor division successfully ended a streak of losses spanning four consecutive quarters. In the quarter, the Device Solutions (DS) division, primarily dedicated to semiconductors, had a profit of approximately US$1.6 billion.
AUO is set to introduce its wide array of display solutions at the 2024 Touch Taiwan exhibition. In addition to single-panel large-area MicroLED displays, AUO's offerings include applications on land, sea, and in the air.
According to the 2024 Mid-Large OLED Display Annual Report recently published by UBI Research, shipments of OLED panels for tablets are expected to grow from 12 million units in 2024 to 28.4 million units in 2028, with an average annual growth rate of 24.1%.
Taiwan's Young Fast Optoelectronics is poised to expand its vertical integration by adding bonding and assembly lines to its Vietnam factory in 2024, with the expansion to drive positive revenue growth for the company.
Ultra large-sized LCD panel shipments are expected to surge in 2024, driven by China-based suppliers, which may lead to a price war in the market, threatening LG Display, the sole LCD panel major based in South Korea.
Despite the decline in the global TV market, market experts project that MiniLED TVs, given their cost-effectiveness, will surpass OLED TVs in shipment volume for the first time this year.
According to the 2024 Small OLED Display Annual Report recently published by UBI Research, OLED shipments for foldable phones are expected to increase from 27.4 million units in 2024 to 52.7 million units in 2028.
