Core Viewpoint - The panel prices for TVs, monitors, and laptops are expected to remain stable in June 2025, despite some pressures from inventory levels and demand fluctuations [2][4][5]. Group 1: TV Panel Market - TV panel demand has weakened, leading to increased inventory levels since the first quarter. Brands are negotiating for better prices and discounts for the upcoming promotional season [2]. - The expectation for June is that TV panel prices will remain flat, although there is a possibility of slight declines in certain sizes due to ongoing buyer pressure [2][4]. Group 2: Monitor Panel Market - Monitor panel prices have been supported by active procurement from brand customers, but this momentum is slowing as inventory levels rise. The demand for TV panels is also affecting monitor panel pricing [4]. - Most panel manufacturers are cautious about further price increases, anticipating that brand customers will resist ongoing price hikes. Therefore, monitor panel prices are expected to stabilize in June [4]. Group 3: Laptop Panel Market - The demand for laptop panels is currently stable, with brand customers becoming more optimistic about the third quarter compared to earlier in the year [5]. - Despite this optimism, panel manufacturers remain cautious about future demand fluctuations and are unlikely to propose price increases, opting instead for discreet discounts to maintain key customer relationships. Thus, laptop panel prices are also expected to remain stable in June [5].

June 5, 2025 产业洞察 根据TrendForce集邦咨询最新调查，由于受到DRAM主要供应商将逐渐收敛Server和PC DDR4产出， 以及买方积极提前备货等因素， 支撑第二季Server与PC DDR4模组价格上涨，预估涨幅将优于先前 预期，分别季增18-23%和13-18% 。 | | 2Q25E | 3Q25F | | --- | --- | --- | | PC DDR4 | Up 13~18% | Up 18~23% | | Server DDR4 | Up 18~23% | Up 8~13% | | Source: TrendForce, June 2025 | | Trand Force | TrendForce集邦咨询表示，DDR4世代的生命周期已超过10年，需求逐步由DDR5取代，加上HBM、 DDR5、LPDDR5(X)等产品的利润率皆明显较高，各主要供应商已规划终止生产DDR4，最后出货时 间大约落在2026年初。目前观察供应商的EOL(end of life，生命周期结束)通知均是针对Server与PC 客户，Consumer DRAM则因主流需求仍为DDR4，厂商将持续 ...

01 周价格表 | 多晶硅(Per KG) | 局点 | 优点 | 均价 | 涨跌幅 | | --- | --- | --- | --- | --- | | N型复投料(RMB) | 38.000 | 35.000 | 36.500 | -1.35% | | N型致密料(RMB) | 36.000 | 34.000 | 34.000 | -1.45% | | N型颗粒硅(RMB) | 34.000 | 32.000 | 33.000 | -1.49% | | 非中国区多盟娃(USD) | 22.000 | 13.100 | 18.000 | 0.00% | | 硅片 (Per pc) | 高点 | 低点 | 均价 | 涨跌幅 | | N型183单晶硅片-183mm/130μm (RMB) | 0.950 | 0.920 | 0.930 | 0.00% | | N型210单晶硅片-210mm/130µm (RMB) | 1.300 | 1.250 | 1.270 | 0.00% | | N型210R单晶硅片-210*182mm/130μm (RMB) | 1.080 | 1.050 | 1.070 | 0.00 ...

TCL华星量产医疗用印刷OLED显示器，维信诺新产线预计导入ViP技术 相较于使用FMM，趋于成熟的蒸镀OLED技术，印刷OLED的制程设计希望突破FMM和真空环境的限 制，以精准的喷墨涂布方式提升材料使用率，并降低设备投资，成本可较同级蒸镀产品降低约25%， 业者期望于对成本敏感的中尺寸市场发挥此优势。目前印刷技术仍面临良率、画素密度、可靠性等挑 战，而印刷OLED面板解析度已达326PPI，可满足笔电和显示器的需求，但需通过材料与器件结构优 化，提升产品寿命与功耗表现。 June 5, 2025 产业洞察 根据TrendForce集邦咨询最新显示产业研究报告指出，OLED技术凭借自发光、高对比、轻薄等优势 持续拓展市场份额，主要集中在手机等小尺寸应用。然而，大尺寸市场的渗透率长期受制于成本与产 能，成长缓慢。反观由显示器(monitor)、笔电、平板、车用显示构成的中尺寸领域，随着消费者追求 高阶显示效果，形成新一轮市场竞争板块。 TrendForce集邦咨询预估，2025年OLED显示器出货量年增达80.6%，整体显示器市场的渗透率将上 升至2%，到2028年有机会挑战5% 。在这一成长态势下，维信诺与 ...

Core Viewpoint - The panel prices for TVs, monitors, and laptops are expected to remain stable in June 2025 according to TrendForce's latest report [1]. Group 1: TV Panels - The average price for a 65-inch TV panel is projected to be $177, with a minimum price of $173 and a maximum price of $181 [4]. - The average price for a 55-inch TV panel is expected to be $127, with a minimum price of $122 and a maximum price of $129 [5]. - The average price for a 43-inch TV panel is forecasted at $66, with a minimum price of $64 and a maximum price of $67 [6]. - The average price for a 32-inch TV panel is anticipated to be $36, with a minimum price of $35 and a maximum price of $37 [7]. - Overall, TV panel prices are expected to remain unchanged [3]. Group 2: Monitor Panels - The average price for a 27-inch IPS monitor panel is projected to be $63, with a minimum price of $57.6 and a maximum price of $65.8 [11]. - The average price for a 23.8-inch IPS monitor panel is expected to be $49.9, with a minimum price of $47.1 and a maximum price of $51.4 [12]. - Monitor panel prices are also expected to remain stable [10]. Group 3: Laptop Panels - The average price for a 17.3-inch TN laptop panel is expected to remain at $38.3, with a minimum price of $37.7 and a maximum price of $39.8 [14]. - The average price for a 15.6-inch Value IPS laptop panel is projected to be $40.3, consistent with the previous month, with a minimum price of $38.6 and a maximum price of $41.9 [14]. - The average price for a 14.0-inch TN laptop panel is expected to remain at $26.9, with a minimum price of $26.4 and a maximum price of $28.1 [14]. - The average price for an 11.6-inch TN laptop panel is projected to be $25.1, with a minimum price of $24.2 and a maximum price of $26.5 [14]. - Laptop panel prices are anticipated to remain unchanged [13].

June 3, 2025 产业洞察 根据TrendForce集邦咨询最新调查， 2025年第一季由于一般型DRAM（Conventional DRAM）合约 价下跌，加上HBM出货规模收敛，DRAM产业营收为270.1亿美元，季减5.5%。 在平均销售单价方 面，由于Samsung（三星）更改HBM3e产品设计，HBM产能排挤效应减弱，促使下游业者去化库 存，导致多数产品合约价延续2024年第四季以来的跌势。 展望2025年第二季，随着PC OEM和智能手机业者陆续完成库存去化，并积极生产整机，将带动位元 采购动能升温，原厂出货位元显著季增。价格方面， 预期各主要应用的合约价皆将止跌回升，预估一 般型DRAM合约价，以及一般型DRAM和HBM合并的整体合约价均将上涨。 观察第一季各DRAM供应商营收表现： SK hynix （SK海力士） 的HBM3e出货比重提升，支撑售价大致与上季持平，然出货量较上一季缩 减，导致营收季减约7.1%，为97.2亿美元，排名上升至第一名。 Samsung 第一季主要受HBM3e改版大幅降低高单价产品出货量等影响，营收季减幅度超过19%，为91 亿美元，排名下滑至第二名。 | ...

AI需求刺激企业级SSD增长，预计2025年第三季NAND Flash价格有望上涨 根据Tr endFor c e集邦咨询最新调查，以北美大厂为主的云端服务业者(CSP)持续加强AI投资， 预期将带动企业级SSD（Ent e rpris e SSD）需求于2025年第三季显著成长。在成品库存水位偏 低的背景下，预期Ent e rpris e SSD市场将转为供应吃紧，这将支撑价格出现上涨，季增幅度有 望达到10%。 | | | 2025年第一季前五大NAND Flash品牌厂营收合计120.2亿美元 根据Tr endFor c e集邦咨询最新研究，2025年第一季NAND Fl a sh供应商在面对库存压力和终端 客户需求下滑的情况下，平均销售价格(ASP)季减15%，出货量减少7%，即便季末部分产品价 格回升，带动需求， 但最终前五大NAND Flash品牌厂营收合计为120.2亿美元，季减近24% 。 | rankings | Company | Revenue (US$M) | | Market Share (%) | | | --- | --- | --- | --- | --- | --- | | ...

Core Viewpoint - The NAND Flash market is experiencing significant price declines and reduced shipment volumes in Q1 2025, with a forecasted recovery in Q2 2025 as inventory levels normalize and prices rebound [1][2]. Group 1: Market Performance - In Q1 2025, the average selling price (ASP) of NAND Flash is expected to decrease by 15% quarter-over-quarter, with shipment volumes down by 7%, leading to a nearly 24% decline in revenue for the top five NAND Flash manufacturers, totaling $12.02 billion [1][2]. - The top five NAND Flash suppliers hold a combined market share of 91.3% in Q1 2025, down from 84.3% in Q4 2024 [2]. Group 2: Company-Specific Performance - Samsung remains the market leader with Q1 revenue of $4.2 billion, a decrease of 25% due to reduced demand for enterprise SSDs, but expects recovery as NAND Flash wafer prices rebound and NVIDIA's new products are released [4]. - SK Group, including SK hynix and Solidigm, reported a revenue drop of 35.5% to $2.19 billion in Q1 2025, facing challenges from seasonal effects and high customer inventory levels [5]. - Micron achieved a revenue of $2.03 billion in Q1 2025, down 11%, benefiting from increased shipment volumes despite a decline in ASP [6]. - Kioxia's revenue fell to $1.92 billion in Q1 2025 due to weak seasonal demand, impacting both shipment volumes and ASP [7]. - SanDisk reported Q1 revenue of $1.7 billion, with slight declines in shipment volumes and ASP, and plans to enhance QLC product shipments to improve profitability [8].

TrendForce集邦咨询表示，业界对Micro LED大型显示器解析度标准为4K及以上，然而目前商业化可 量产的点间距(Pitch)在0.5mm。为加深与Mini LED直显产品的差异，Micro LED仍需持续微缩点间 距，并克服驱动连线的低良率及拼缝挑战。同时，成本优化的重点也转移至背板，不仅简化制程有利背 板良率提升，拼接数大幅减少也有助减少工序，两者皆有益于降低成本。 透明显示发展空间大，非显示应用展现可能性 Micro LED于透明显示领域也具有前景。透明显示可分为直显与微投影系统，二者关键差异在于可视 角度和焦距管理。在应用场景上，透明直显适用于供多人观赏的公众场景，而Micro LED兼具高亮、 高透过率特性，是最理想的技术选择。微投影系统在隐私性更高的个人消费电子装置中有较大发展潜 力，Micro LED可以提供极致的微缩光机尺寸，被视为AR光引擎最佳的微显技术方案。整体而言。若 同时布局TFT与CMOS背板平台，Micro LED在不同类型的透明显示领域还有相当大的渗透空间。 May. 29, 2025 产业洞察 根据TrendForce集邦咨询《2025 Micro LED显示与非显示 ...

01 周价格表 | 多晶硅 (Per KG) | 高点 | 低点 | 均价 | 涨跌幅 | | --- | --- | --- | --- | --- | | N型复投料(RMB) | 38.500 | 35.500 | 37.000 | -1.33% | | N型致密料(RMB) | 36.500 | 34.500 | 34.500 | -1.43% | | N型颗粒硅(RMB) | 34.500 | 32.000 | 33.500 | -1.47% | | 非中国区多盟娃(USD) | 22.000 | 13.100 | 18.000 | -1.10% | | 硅片 (Per pc) | 高点 | 低点 | 均价 | 涨跌幅 | | N型183单晶硅片-183mm/130μm (RMB) | 0.950 | 0.920 | 0.930 | 0.00% | | N型210单晶硅片-210mm/130μm (RMB) | 1.300 | 1.250 | 1.270 | -2.31% | | N型210R单晶硅片-210*182mm/130μm (RMB) | 1.080 | 1.050 | 1.070 | - ...