Core Viewpoint - Fangda Carbon New Material Technology Co., Ltd. has announced the termination of its participation in the substantive merger reorganization of the Shanshan Group and its wholly-owned subsidiaries, citing insufficient due diligence and risk assessment as key reasons for the decision [1][4][5]. Group 1: Company Actions and Decisions - The company submitted registration materials, paid a due diligence deposit of 50 million yuan, signed a confidentiality agreement, and conducted due diligence, but found the process too short to make a reasonable valuation of the target assets [4]. - After careful consideration, the company decided to withdraw from the reorganization to protect the interests of the listed company and its investors [5]. - The termination of the reorganization will not adversely affect the company's production operations or financial status [6]. Group 2: Market Context and Competitors - Shanshan Group's main business includes lithium battery anode materials and polarizers, which are competitive in the global market [5]. - The reorganization attracted 12 groups of potential investors, with over 20 companies involved, including notable firms like China Baoan, Tianqi Lithium, TCL Technology, and JD.com [6]. - Among the final bidders, only the China Baoan-led consortium remains as a publicly listed company, while other bidders include various joint ventures involving TCL Technology and BOE Technology Group [6].

Core Viewpoint - The company, Innolux Corporation, will showcase a series of innovative display technology solutions at the upcoming event in Las Vegas from January 6 to 8, under the theme "Display the Future, TOGETHER" [1]. Group 1: Micro LED Technology - Innolux will present the "Next Generation Micro LED Display Window," which features high transparency, brightness, and resolution, maintaining visibility in bright environments through self-emission and special optical structures [1]. - The "Ultra High Brightness Micro LED Head-Up Display (HUD)" will be introduced, boasting a direct brightness of 50,000 nits and a reflective virtual image brightness of 10,000 nits, addressing image reflection and blurriness in bright conditions [3]. Group 2: 3D Display and Retail Applications - The "65-inch Multi-User N3D & Kirameki Display" will be showcased, combining N3D multi-view naked-eye 3D technology with Kirameki algorithms, allowing multiple viewers to watch 3D content simultaneously, aimed at retail and digital advertising markets [4]. - A "Mirror Display" will also be featured, utilizing high-reflective coating and local dimming technology, serving both as a mirror and an information display for interactive applications [9]. Group 3: Personal and Portable Displays - For personal users, the company will unveil a "16-inch Single User Naked-Eye 3D Display," equipped with eye-tracking technology that controls 3D latency within 1 millisecond and allows seamless switching between 2D and 3D modes [9]. - Additionally, various display products for laptops and outdoor entertainment will be presented, including a "Multi-Frequency LCD Display" that automatically switches refresh rates between 24Hz, 60Hz, and 120Hz to balance image quality and power consumption [10].

1月1日，三星显示宣布 正式量产全球首款采用"V-Stripe"（垂直条纹/RGB条纹）像素结构 的34英寸360Hz QD-OLED面板 ，并已供应给华硕、微星、技嘉等7家显示器制造商。 图片来源：三星显示 此次发布的核心亮点在于三星显示独立开发的"V-Stripe"像素结构，该技术摒弃了传统 QD- OLED 的三角形子像素排列，转而采用红、绿、蓝（RGB）子像素垂直排列方式。 三星显示表示，"采用V条纹结构后，文字边缘能够呈现更清晰的显示效果。" 对于需要长时间进 行文档编辑、代码编写或内容创作的用户而言，V-Stripe结构将大幅改善阅读体验，弥补了以往 OLED面板在文本显示上的短板。 在性能参数方面，这款面板具备21:9的超宽纵横比和最高360Hz的刷新率，同时拥有最高1300尼 特的峰值亮度。 针对量产难题，三星显示指出，高刷新率与新像素结构的结合曾面临有机材料寿命缩短、发热增 加及亮度衰减等挑战。公司通过优化 QD-OLED 的顶部发光结构（Top Emission）及提升材料 效率，成功攻克了这些技术壁垒。 Size Covered>15" and above . · Report form ...

Core Viewpoint - The article highlights the operational progress and strategic importance of the Huike Zhengzhou new display base, which has commenced large-scale production and received significant orders for display terminals [1][4]. Group 1: Production Capacity and Orders - The Huike Zhengzhou base has achieved large-scale production capabilities and is currently in a stable production phase, having received orders for 380,000 display terminal units in January, with daily deliveries exceeding 10,000 units [1]. - The base is designed to cover a total area of approximately 1,253 acres, with the first phase of construction involving an investment of around 3 billion yuan, aimed at producing ultra-high-definition display modules and complete machines, expected to generate an annual output value of about 8 billion yuan upon reaching full capacity [4]. Group 2: Production Efficiency and Automation - The project employs a modular integrated production line and dual testing lines, which reduce costs associated with line and cleanroom construction while allowing for the production of multiple product sizes, maximizing capacity [4]. - The facility features 13 efficient production lines, with nearly 60% of processes automated, significantly enhancing efficiency and precision [4]. Group 3: Market Reach and Export - By 2025, the Huike new display base is projected to produce over 1.6 million display terminals within a few months, achieving an output value of approximately 1.69 billion yuan [4]. - More than 30% of the products from the base are exported overseas, covering global markets except North America, with steady growth in export scale and market share [4]. Group 4: Strategic Importance - The establishment of the Zhengzhou base is a crucial part of the company's strategic layout, aimed at effectively radiating to the central and western regions of China, enhancing the industrial chain layout, and improving the core competitiveness of Huike's display industry [4].

Core Viewpoint - The company, Jinghe Integrated, has officially launched the construction of its Phase IV project with a total investment of 35.5 billion yuan, aiming to enhance its 12-inch wafer foundry capacity and meet the growing demand for high-performance semiconductor services [1][2]. Group 1: Project Overview - The Phase IV project will establish a production line with a capacity of 55,000 wafers per month, focusing on 40nm and 28nm processes for CIS, OLED, and logic applications [1]. - The project is expected to begin equipment installation in Q4 2026 and reach full production by the end of 2028 [2]. Group 2: Business and Financial Performance - Jinghe Integrated specializes in 12-inch wafer foundry services and has achieved mass production of various products, including display driver ICs (DDIC), CMOS image sensors (CIS), microcontrollers (MCU), power management ICs (PMIC), and logic applications [3]. - For the first three quarters of 2025, the company reported revenue of 8.13 billion yuan, a year-on-year increase of 19.99%, and a net profit attributable to shareholders of 550 million yuan, up 97.24% year-on-year [3]. - The company has successfully mass-produced 40nm high-voltage OLED display driver chips and is making progress in the development of 28nm OLED display driver chips, as well as Micro OLED technology for AR/VR applications [3].

Core Viewpoint - Samsung Electronics is considering a dual-supplier model for the upcoming Galaxy A57, involving both Samsung Display and TCL Huaxing for OLED screens, to enhance competitiveness and manage costs [1][3][4] Group 1: Supplier Strategy - Samsung is likely to rely more on Samsung Display for OLED supply, given the high demand for the Galaxy A series, which is a hot-selling model [1] - The dual-supplier approach aims to mitigate potential supply shortages and ensure a steady supply of OLED screens for both Galaxy A57 and Galaxy S FE models [1][4] - TCL Huaxing is expected to provide OLED screens at a lower price, which could help Samsung control costs while adopting flexible OLED technology [4][6] Group 2: Product Development - Starting with the Galaxy A57, Samsung plans to replace rigid OLED panels with flexible OLED panels, which offer greater design flexibility but come with higher manufacturing costs [3][4] - The adoption of flexible OLED technology is seen as a way for Samsung to enhance its competitiveness in the mid-range smartphone market, especially as Chinese manufacturers are already using flexible OLED in lower-priced models [3][6] Group 3: Market Dynamics - The increasing competition in the global smartphone market and rising component costs are prompting Samsung to reassess its OLED supply strategy [6][7] - Chinese manufacturers like BOE and TCL Huaxing have improved their technology and production capacity, posing a significant challenge to Samsung Display's market dominance [7] - The shift towards Chinese suppliers for OLED panels may provide Samsung with cost advantages, but it also indicates a potential erosion of its competitive edge in the panel industry [7]

Group 1 - The core point of the article is that BOE is advancing its 8.6-generation OLED production line project in Chengdu, with Sunic System and Avaco being the likely winners of the bidding for the deposition system equipment and components [1][2]. - The 8.6-generation OLED production line (B16) has a monthly capacity of 32,000 sheets, with the first phase already completed, and the second phase expected to match the investment scale of the first phase [2]. - Sunic System has received orders for two deposition machines, with an estimated total price of approximately 450 billion KRW (around 21.82 million RMB), and has already delivered one machine [2][3]. Group 2 - In Q2 2025, Sunic System reported an operating profit of 40 billion KRW, recovering from an operating loss of 1.8 billion KRW in Q1, with cumulative operating profit reaching 58 billion KRW, a more than tenfold increase compared to the same period last year [3]. - Avaco has delivered two deposition logistics devices for the first phase of the production line, with a contract amount estimated between 200 billion KRW to 250 billion KRW (approximately 9.7 million to 12.125 million RMB) [3]. - Avaco's Q2 operating profit reached 19.4 billion KRW, a year-on-year increase of 487%, and its cash flow from operating activities turned from a loss of 63.7 billion KRW in Q3 of the previous year to a profit of 12.2 billion KRW this year [3].

Core Viewpoint - Nitto Denko announced an investment of 39 billion yen (approximately 1.748 billion RMB) to build a new factory in Toyohashi, Aichi Prefecture, which is expected to significantly enhance the company's production capacity in the display materials sector [1]. Group 1: Investment and Production Capacity - The new factory is projected to be completed by January 2028 and will focus on expanding the production capacity of optical clear adhesive (OCA) films and component fixing tapes [4]. - OCA is a specialized adhesive film used to bond multi-layer structures within display panels with high transparency and durability, particularly important for foldable devices [4]. - The investment is based on a forward-looking judgment regarding the foldable device market, aiming to ensure a stable supply chain and support ongoing business expansion [4]. Group 2: Global Production Layout - Nitto Denko's global capacity expansion is not limited to Japan; its wholly-owned subsidiary has recently completed a production base for OLED polarizers in Sichuan, China, with a total investment of 2 billion RMB [5]. - The Sichuan project occupies 90 acres and features a building area of 60,000 square meters, primarily producing OLED polarizers and E-Mask large-size optical films [5]. - The first domestic 8.6-generation E-Mask optical protection film production line is expected to commence operations in February next year [5].

Core Viewpoint - TrendForce has revised its global laptop shipment forecast for 2026 down by 5.4% to approximately 173 million units due to rising memory prices impacting brand profitability and pricing flexibility in a context of limited economic recovery and conservative consumer behavior [2][3]. Group 1: Market Dynamics - The increase in memory prices is significantly affecting laptop brands, leading to a conservative approach towards inventory, promotions, and product configurations [2]. - If memory price increases do not stabilize by Q2 2026, brands may face weakened demand for entry-level and consumer laptops, potentially resulting in a pessimistic scenario where total shipments could decline by 10.1% year-over-year [5]. Group 2: Brand Resilience - Brands that maintain stable long-term relationships with major memory suppliers and have a higher proportion of business and mid-to-high-end products will be better positioned to withstand the current memory price increases [5]. - Apple, for instance, despite facing rising memory costs, benefits from a highly integrated supply chain and strong pricing power, allowing for greater product line adjustment flexibility [5]. Group 3: Competitive Landscape - Lenovo, as a major player, is expected to face MSRP increases but can leverage its scale and mature supply chain to manage cost increases effectively, potentially even expanding its market share [6]. - The overall laptop market is projected to see a decline in panel shipments by approximately 7.9% in 2026 due to the impact of rising memory prices [6].

Core Viewpoint - Huike is considering building a 6th generation OLED production line in Mianyang, Sichuan Province, China, and has submitted an approval application to the government in the first half of the year, although specific technology details were not disclosed [1][2]. Group 1: Technology Evaluation - Huike is evaluating two technology options for the OLED production line: the "Full-Cut Fine Metal Mask (FMM)" process and the "eLEAP" process, which does not use FMM [1]. - The FMM process involves a thin metal layer with holes for depositing RGB subpixels, while the eLEAP technology allows for patterning RGB subpixels without FMM, potentially doubling maximum brightness and tripling lifespan [1][5]. Group 2: Market Position and Challenges - Huike aims to enter the OLED IT product market and faces challenges with both technology options [2]. - As a leading panel manufacturer alongside BOE and TCL, Huike currently operates four G8.6 LCD production lines but lacks OLED panel production lines [3]. - The investment decision for the 6th generation OLED line is expected to be finalized in the first half of next year, but equipment manufacturers are cautious about the feasibility of the new technologies [3][5]. Group 3: Industry Concerns - Concerns about market oversupply are significant, especially with Samsung Display and BOE set to operate their 8.6 generation IT OLED production lines, which could meet global demand [5]. - A representative from an equipment manufacturer noted that while the FMM OLED half-cut system is mature, transitioning to a full-cut system is challenging, and the eLEAP technology's practicality and cost-effectiveness need further validation [5].