New Display Technology Configuration Screen Introduction II

The new display technology configuration screen understands that Barron's reported on the 12th, Barclays analyst Tim Long pointed out that after enduring a 10-year price decline trend, LCD glass substrate suppliers finally decided to In the first half of the year, production was cut to reduce excess capacity in the market. Since then, glass factories in China, Japan, and South Korea have been shut down one after another, further reducing production capacity, which has led to supply shortages and pushed up quotations. Today's panel environment seems to be the best it's been in 10 years.

Long mentioned that the average size of LCD TVs has steadily increased over the years as an important factor in boosting glass demand. He estimates that since 2004, the average price of 50-inch LCD TVs has nearly doubled, and the shipments of TVs over 60 inches are expected to grow by 30% in 2021, and the growth rate of 75-inch models will be even faster. quick.

It is worth noting that Corning's LCD glass substrate market share is about 50%, and the rest is mostly shared by Japanese companies AGC (formerly Asahi Glass) and Nippon Electric Glass (NEG). Long said that in recent months, various factors have led to the closure of factories, affecting three companies and affecting about 4% of the industry's production capacity. Although Corning expanded its production capacity in the first quarter and the new display technology configuration screen due to the closure of mobile factories, the overall glass production capacity increased in the quarter, but due to the still strong demand, it is predicted that the quotation may show a trend of quarterly increase.