Core Viewpoint - TrendForce indicates that the demand for LCD TV panels will slow down by Q4 2025, prompting major manufacturers like BOE, CSOT, and HKC to implement production adjustments during the National Day holiday to manage inventory and operational costs [2][4]. Supply Side Summary - Major panel manufacturers plan to take breaks during the National Day holiday, with BOE, CSOT, and Sharp scheduling 5 to 7 days off for their 10.5-generation production lines, leading to an estimated production utilization rate of around 74% for October [2]. - HKC's main production lines are expected to have a 5-day holiday, resulting in an estimated utilization rate of approximately 77.5% for the 8.6-generation panels [2]. - CSOT's T1 and T2 factories are also planning a 5-day break, with the utilization rate for the 8.5-generation lines expected to decrease by 4 percentage points to 81.3% [2]. Demand Side Summary - October's demand for TV panels is supported by pre-sales for the Double Eleven shopping festival, but there is a 4.8% month-over-month decline in demand compared to September, leading manufacturers to control production [3]. - The production adjustments are expected to help stabilize TV panel prices in October [4].

Core Viewpoint - The integration of AR glasses with Micro LED and Micro OLED technologies is a significant trend in the LED industry, with Micro LED moving towards full-color display commercialization, while Micro OLED remains a mature technology despite its brightness limitations [1][21]. Group 1: Product Launches - Thunder Innovation launched its flagship AR glasses, Thunder X3 Pro, and the new pocket TV series, Thunder Air 3s, utilizing Micro LED and Micro OLED technologies respectively [2][11]. - Thunder X3 Pro features dual full-color Micro LED and nano-etched waveguide technology, enhancing visual quality and user experience [3][5]. Group 2: Technical Specifications - Thunder X3 Pro incorporates a custom 0.36cc full-color X-cube Micro LED light engine, achieving 16.77 million colors with an average brightness of 3500 nits and peak brightness of 6000 nits, ensuring visibility in bright outdoor conditions [6][9]. - The nano-etched RayNeo waveguide technology improves light efficiency by 50% and reduces the weight and thickness of the waveguide devices, enhancing the display effect [9]. Group 3: Market Positioning - Thunder X3 Pro targets high-end applications, particularly in outdoor environments, leveraging Micro LED's high brightness to maintain display clarity [16]. - The Thunder Air 3s series focuses on indoor applications, offering a more affordable option with Micro OLED technology, which is better suited for entertainment and high-quality display experiences [18]. Group 4: Market Trends - The AR glasses market is seeing a clear division where Micro LED is preferred for outdoor applications due to its brightness, while Micro OLED is favored for indoor use where color quality is prioritized [20]. - According to TrendForce, Micro OLED is expected to hold a 53% market share in AR devices by 2024, but this is projected to decline to 22% by 2030 as Micro LED technology advances [21].