Core Viewpoint - The revenue performance of six Taiwanese panel manufacturers in October 2025 shows a mixed trend, with a general decline in month-over-month revenue, indicating a slowdown in market demand and shipment pace at the beginning of the fourth quarter [1][2][3]. Revenue Performance Summary - **AU Optronics**: October revenue was 4.809 billion RMB, a slight year-over-year increase of 0.20%, but a significant month-over-month decline of 14.44%. Cumulative revenue for 2025 reached 49.347 billion RMB, showing a minor decrease of 0.11% compared to the previous year [1][2]. - **Innolux**: Reported October revenue of 4.184 billion RMB, with a year-over-year growth of 7.76%, but a month-over-month decline of 8.33%. Cumulative revenue for 2025 was 43.246 billion RMB, reflecting a stable growth of 4.71% [1][2]. - **HannStar Display**: October revenue was 204 million RMB, down 13.89% month-over-month but up 17.48% year-over-year, with cumulative revenue of 2.195 billion RMB [1][3]. - **Lianjia Technology**: Recorded 161 million RMB in October revenue, a month-over-month decrease of 17.31% and a slight year-over-year decline of 0.58%, with cumulative revenue of 1.647 billion RMB [1][3]. - **Rohm Technology**: October revenue was 46 million RMB, showing a month-over-month increase of 91.18% but a year-over-year decline of 4.76%. Cumulative revenue reached 744 million RMB, with a significant year-over-year growth of 65.05% [1][3]. - **Hua Ling Optoelectronics**: Reported 36 million RMB in October revenue, a month-over-month decline of 9.70% and a year-over-year decrease of 1.11%, with cumulative revenue of 349 million RMB [1][3]. Market Dynamics - The overall market showed signs of cooling in October, with all six manufacturers experiencing month-over-month revenue declines, reflecting a potential slowdown in market demand and shipment pace [1][3]. - Despite the single-month performance downturn, cumulative revenue growth rates for the first ten months of 2025 varied significantly among manufacturers, with Rohm Technology leading at 65.05% and HannStar Display at 17.48% [3]. Strategic Developments - **AU Optronics**: Announced a new capital expenditure plan for its Mexico facility, expected to start production in 2027, aimed at meeting the growing demand in the automotive market and enhancing its supply chain for North American clients [5]. - **Lianjia Technology**: Plans to acquire usage rights for production assets in Japan to enhance its color filter production capabilities [5]. - **Rohm Technology**: Entering the medical contract development and manufacturing services (CDMO) sector, collaborating with UK-based Adtec Healthcare to develop a low-temperature plasma medical platform, marking a strategic shift towards the medical field [5].