RiT Display - Page 4

DisplaySearch has released a new edition of their Quarterly OLED Shipment and Forecast report.

The report says that:

• OLED display revenue will grow to 7.1B$ by 2016.


• AMOLED has passed PMOLEDs in Q1 2009


• Samsung Mobile Displays still #1 in OLED shipments, with a 37% market share. RiTdisplay is #2.


• Worldwide OLED display revenue in
  Q1'09 was $143 million, down 8% Q/Q. AMOLED revenues were up 17% Q/Q.

According to the report, several manufacturers are planning OLED TV panels in 2009. LG will debut their 15" AMOLED TV by the end of the year. DisplaySearch estimate that it's likely (they give it 70%) that Sony will release their 27" OLED TV this year. It's a bit uncertain because of Sony's financial situation.

Samsung might (DisplaySearch gives it 40% chance) release their 14.1" OLED TV - but there's no announcement yet.

OLED-Info readers get a 5% discount on this report, follow this link

Taiwanese market research institute Topology Research Institute (TRI) says that RiTdisplay got orders for 35 million PMOLED, 30 million of which shall be delivered this year. This makes RiTdisplay the largest PMOLED maker. RiTdisplay's PMOLEDs are up to 1.98" currently, although they are working on 3.1" ones.

DisplaySearch says that SamsungSDI's AMOLED second quarter shipments are down 22% from previous quarter (the forecase was an increase of 12%) due to low demand from phone makers, including Nokia. The slowdown is expected to continue in the next quarter.

Total AMOLED revenue was 54M$, down 27% quarter to quater.

PMOLED shipments are up 17% from previous quarter (20M$), after 3 quarters of slowing down. PMOLEDs are now 60% of the MP3 players market.

RiTdisplay had a record quarter with revenues of US$33.8 million. Pioneer maintained its shipment volume of 4.4 million units, most of which were monochrome displays. Chi Mei EL (CMEL) also reported AMOLED revenues of only US$7.6 million, down from US$12.8 million last quarter.

Read more here (digitimes)

RiTDisplay has developed passive-matrix OLED touch panels. The panels come in 3 sizes (1.1", 1.8", 3.1"), and are ready for production.

The new panels use STMicro's controller ICs.

Read more here (Digitimes)

In what was expected to be a strong quarter with Samsung SDI reaching their full production goal of 1.5 million AMOLED displays per month, the company barely reached the 100K mark down from 350K in Q2’07 as reported in DisplaySearch’s latest Quarterly OLED Shipment and Forecast Report.  The low production level left the OLED display industry with revenues of only US$78.3M in Q3’07 down 38% Y/Y and 31% Q/Q.  Shipments were 15.5M for the quarter, down 32% Y/Y and 22% Q/Q.  The low production for the industry was also impacted by LGE, one of the industry leaders, shifting resources from PMOLEDs to AMOLEDs and shipping only 310K units vs. 3.1M in the prior quarter and Sony with no AMOLED production as the company prepared to begin shipping the XEL-1, the world’s first AMOLED TV in December ’07.  The news was not all bad as:

• RiTdisplay had a record quarter and led in revenues with US$31.0M and units with US$6.4M.


• Pioneer was #2 in units and #3 in shipments, while Samsung SDI, the only company shipping both PMOLEDs and AMOLEDs, was #3 in units and #2 in shipments.


• Samsung SDI has already upped its production and expects to ship >2M units in Q4’07, while RiTdisplay should continue its explosive performance with shipments of more than 7M units, a new record for one supplier.


• Chi Mei EL also started production of AMOLED displays with volume of 16K, a number they expect to double in Q4’07.


• MED joined eMagin as the only two companies shipping microdisplay-based OLEDs.

Samsung SDI was able to announce a number of design wins with the Japanese mobile phone carrier AU  announcing AMOLED main display mobile phones by Sony Ericsson, Toshiba, Hitachi and Sanyo.  Previously, Samsung SDI announced design wins with Nokia and Kyocera.  The new AMOLED main displays are all in the 2.8 category, which should help the mobile phone makers recover the premium prices charged for AMOLED displays. 

DisplaySearch revealed in its latest Quarterly OLED Shipment and Forecast Report that Q1'07 OLED shipments were 19.1M, up 71%Y/Y and revenues were $121M, up 56% Y/Y. Shipments and revenue were down Q/Q, 14% and 13%, respectively, due to seasonality. OLED displays compete with LCDs in small/medium applications such as mobile phone main displays and sub-displays, MP3s, and automotive consoles.

Active matrix OLEDs displays continued volume shipments with Samsung SDI, Kodak, Sony and eMagin shipping 335K displays in Q1'07.  By Q2'07, the volume is expected to grow to 685K displays. Applications include MP3s, mobile phones and near eye.

Overall, RiTdisplay led in units, with 5.1M closely followed by Pioneer, also at 5.1M, Samsung SDI at 3.7M, LGE at 3.1M and TDK at 1.5M.  Univision, which had shut down due to financial problems has restarted production and shipped 900K units in Q1'07 and is expected to grow volume to 1.5M units next quarter, recovering to a leadership position.

Sub-displays and MP3 player displays combined to account for about 87% of shipments at 12.6M and 4.0M, respectively. Of the remaining applications, main displays and industrial applications showed strong growth, but volume remained low.

Sub-display volume is very strong in Japan and is the major cause of the growth in the category. Main display growth is primarily due to the Kyocera cell phone which uses the Samsung SDI 2.4" QVGA AMOLED panel.

Read more here 

Digitimes reports that CMEL got orders for 300,000 monthly units of AMOLED displays for mobile phones, from Sharp. CMEL currently has a capacity of 200K-300K units, and has placed orders for new equipment.

RiTdisplay has also landed a contract with an unspecified japanese handset maker.

In its latest Quarterly OLED Shipment and Forecast Report, DisplaySearch also disclosed the following -

• Samsung SDI and Sony began production of AMOLEDs in Q1'07.
• Teco (Taiwan), which is moving their fab from Taiwan to China, continued to use its Taiwan fab, shipping MP3 displays to iRiver.
• Univision was reported to be in financial difficulties, and while they were able to ship >3M displays in Q4'06, the volume is forecast to fall below 600K in Q1'07.
• Revenues are forecast to grow to over $142.5M in Q1'07, due in large part to the introduction of AMOLEDs for mobile phone main displays by Samsung SDI.

DisplaySearch revealed in its latest Quarterly OLED Shipment and Forecast Report that 2006 OLED shipments were 72.1M, up 29%, and revenues were $475M, down 3%, as the ASP dropped 24% Y/Y. OLED displays compete with LCDs in small/medium applications such as mobile phone main displays and sub-displays, MP3s, and automotive consoles. The top six suppliers had a market share of 92.4% as the industry continued to consolidate.

In Q4'06, OLED shipments were 22.2M and revenues hit $145.3M. OLED shipments decreased 2% Q/Q due to an 11% decrease in main displays and a 12% drop in MP3 players. PMOLEDs continue to dominate the market with a revenue share of over 93%. There are now 13 small molecule and 2 P-OLED producers with small molecule having a 99% revenue share.

In Q4'06, RiTdisplay regained the #1 position in both units and revenue with 5.4M displays and $26.5M in revenue. Pioneer was #5 in shipments and #2 in revenue, while Samsung SDI was #2 in shipments and #3 in revenue for the quarter. LGE was #3 in shipments and #4 in revenue, and Univision was #4 in units and #5 in revenue,

Kolon will invest US$100 million to acquire an 80 percent stake in Ritdisplay, which will be turned into a new company by next April. Kolon Industries is a South Korean company, set up in 1957 and is involved in fiber, industrial materials and bioengineering.

Ritek currently holds over 70 percent of Ritdisplay's shares and will reduce its holdings to 20 percent.

Read more here