Samsung Display and China’s BOE Technology, a supplier of OLED displays used in Apple devices, have agreed to settle a patent lawsuit concerning OLED technology. “The two companies have agreed that fair technological competition is essential for the advancement of the display industry,” and have therefore decided to withdraw all pending lawsuits, a spokesperson at Samsung Display confirmed to TechCrunch. “We [also] plan to withdraw all ongoing legal actions as part of this agreement.” Samsung Display de ...

LG Display Co., Ltd. (NYSE: LPL ) is a company from South Korea that makes screens, the kind you see on TVs, smartphones, computers, and even car dashboards. It’s part of the bigger LG Group, the same company knownI focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure:I/we have no s ...

LG Display Co., Ltd. (NYSE: LPL ) is a company from South Korea that makes screens, the kind you see on TVs, smartphones, computers, and even car dashboards. It’s part of the bigger LG Group, the same company knownI focus on producing objective, data-driven research, mostly about small- to mid-cap companies, as these tend to be overlooked by many investors. From time to time, though, I also look at large-cap names, just to give a fuller sense of the broader equity markets.Analyst’s Disclosure:I/we have no s ...

Core Insights - Daktronics, Inc. is a leading global designer and manufacturer of dynamic video communication displays and control systems, with participation in the Craig-Hallum 16th Annual Alpha Select Conference scheduled for November 18, 2025 [1] Company Overview - Daktronics holds a strong leadership position as the world's largest supplier of large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems [2] - The company specializes in the control of display systems that integrate multiple complex displays to show real-time information, graphics, animation, and video [2] - Daktronics operates through four domestic business units: Live Events, Commercial, High School Park and Recreation, and Transportation, along with one International business unit [2]

Core Insights - The argument for adding emerging-market stocks to investment portfolios has strengthened in 2025, particularly due to the U.S. dollar's poor performance against other currencies, leading to international stocks outperforming domestic ones [2][3] Group 1: Emerging Market Stocks - The MSCI EM index increased by 7% in September, marking its seventh consecutive monthly gain, with Goldman Sachs raising its projected outlook for emerging markets in 2026 [3] - LG Display Co., Ltd. has a market cap of $5 billion and generates significant revenue from Asia, the U.S., and Europe, with shares up over 60% year-to-date [4][6] - Taiwan Semiconductor Manufacturing Co., Ltd. controls over 50% of the foundry chip market and reported a 10% revenue growth quarter-over-quarter and 40% year-over-year, with a net profit margin increase to 45.7% [7][9] - ICICI Bank Ltd. is a major player in India's financial sector, with most revenue from domestic clients, and is positioned well due to favorable demographics and reshoring trends [10][12] - Harmony Gold Mining Co., Ltd. has a market cap exceeding $10 billion and has seen its shares nearly double the price of gold, which has risen over 50% year-to-date [13][15]

Core Viewpoint - TCL Technology has successfully achieved mass production of its G5.5 generation printed OLED production line in Wuhan, with initial products being medical display screens, which also lays the groundwork for future G8.6 generation line production experience [2]. Group 1 - TCL Technology's G5.5 generation printed OLED production line (T12 project) has commenced mass production and delivery [2]. - The first batch of products from the G5.5 line is focused on medical display screens [2]. - The experience gained from the G5.5 line will support the upcoming G8.6 generation line (T8 project) [2].

Core Viewpoint - LG Display aims to increase its large-size W-OLED shipment target to approximately 7 million units by 2026, a 10% increase from the expected 6 million units in 2023, driven by growing market acceptance and competitive pricing [1][3]. Group 1: Shipment and Market Demand - The company anticipates that the proportion of large-size OLED products in its overall shipments will reach 10% to 15% this year, reflecting a growing demand in the gaming monitor market [1]. - LG Display's W-OLED specifications have reached 8.5 generation levels, with a monthly production capacity of 180,000 units, of which approximately 135,000 units are used for actual mass production [3]. Group 2: Financial Performance - In Q3, LG Display reported revenue of 6.957 trillion KRW (approximately 34.653 billion RMB), a year-on-year increase of 2%, and an operating profit of 431 billion KRW (approximately 2.145 billion RMB), marking a return to profitability [4]. - For the first three quarters of the year, the cumulative revenue was 18.6092 trillion KRW (approximately 92.577 billion RMB), with an operating profit of 348.5 billion KRW (approximately 1.738 billion RMB) [4].

Financial Performance - Revenues increased to KRW 6,957 billion, a 2% increase compared to the previous year (Q3'24) and a 25% increase compared to the previous quarter (Q2'25) [4, 14] - Operating income turned positive to KRW 431 billion, compared to a loss of KRW 81 billion in Q3'24 and a loss of KRW 116 billion in Q2'25 [4, 14] - EBITDA increased to KRW 1,424 billion, a 23% increase compared to Q2'25 and a 35% increase compared to Q3'24 [4, 14] - Net income turned positive to KRW 1 billion, compared to a loss of KRW 338 billion in Q3'24 and a profit of KRW 891 billion in Q2'25 [4, 14] Shipment and Pricing - Area shipment decreased slightly by 1% QoQ to 3.9 Mm2 [8] - ASP (Average Selling Price) per m2 increased significantly by 29% QoQ to USD 1,365 [8] Financial Position - Cash and cash equivalents decreased to KRW 1,550 billion [11] - Liabilities to Equity Ratio decreased to 263% [11] - Net Debt to Equity Ratio decreased to 151% [11] Cash Flow - Cash flow from operating activities was KRW 672 billion [11] - Cash flow from investing activities was negative KRW 484 billion [11] - Net change in cash was negative KRW 117 billion [11] Product Revenue Mix - OLED portion of product revenue mix is 39% [10]

Core Insights - Intel and BOE are collaborating to develop AI-based energy-saving solutions for laptop displays, aiming to balance energy efficiency and visual quality while extending battery life and enhancing user experience [1][2] Group 1: Collaboration Overview - The partnership between Intel and BOE has resulted in multiple innovative energy-saving technologies over the past decade, significantly improving laptop battery life [1] - The new technology is expected to be implemented in OEM products using Intel platforms by 2026 [1] Group 2: Technological Innovations - Multi-Frequency Display (MFD) technology allows the screen to intelligently adjust its refresh rate based on the content being displayed, optimizing energy consumption and extending battery life [1][2] - The 1Hz ultra-low refresh rate technology reduces power consumption by switching to a lower refresh rate when content does not require frequent updates, such as static text [2] - SmartPower HDR technology dynamically adjusts display voltage based on content brightness, optimizing power usage during HDR video playback [2] Group 3: Market Impact and Future Applications - The collaboration aims to create a balance between energy efficiency and visual clarity, paving the way for new usage scenarios in the AI PC era [2] - Intel and BOE plan to work with laptop OEM manufacturers to promote the widespread application of these technologies in laptop products by 2026 [2]

Core Viewpoint - The T8 project, the world's first mass production G8.6 generation printed OLED production line, has officially commenced construction in Guangzhou, with a total investment of approximately RMB 29.5 billion, aiming to accelerate the large-scale application of printed OLED technology in the mid-to-high-end market [1][2]. Group 1: Project Overview - The T8 project is a collaboration between TCL Huaxing, the Guangzhou Municipal Government, and the Guangzhou Economic and Technological Development Zone Management Committee [1]. - The production line is designed to process approximately 22,500 glass substrates (2290mm × 2620mm) per month, focusing initially on mid-sized applications such as monitors, laptops, and tablets, with plans to expand into higher value-added display applications in the future [1]. Group 2: Industry Significance - The printed OLED technology is viewed as the optimal path for China's OLED industry to achieve large-size, low-cost mass production, potentially allowing China to gain a competitive edge in the global new display industry [1]. - The T8 project is seen as a critical breakthrough for China's new display industry, enabling a transition from "catching up" to "leading" in the market [1]. Group 3: Technological Advancements - The G8.6 generation line utilizes inkjet printing (IJPOLED) technology, which allows for precise printing of organic light-emitting materials onto OLED displays, resulting in lower costs, higher material utilization, and superior color performance [2]. - The project will incorporate innovative technologies such as industrial robots, AI models, new materials, and renewable energy to promote high-quality development and establish a "new productive force" in the display industry [2]. Group 4: Future Prospects - As the T8 project progresses, it aims to meet the demand for large-scale production of the entire range of printed OLED products, providing solutions that offer low blue light, stable wide color gamut, and consistent quality across multiple screens [3].