Core Viewpoint - Dazhu Laser's subsidiary, Shenzhen Dazhu Semiconductor Equipment Technology Co., has won multiple bids for the 8.6-generation AMOLED production line project from BOE Technology Group, indicating a strong position in the OLED manufacturing equipment market [1][9]. Group 1: Project Details - Dazhu Semiconductor won the bid for four laser cutting machines for BOE's 8.6-generation AMOLED production line project on December 31, 2025 [1]. - On January 8, 2026, Dazhu Semiconductor secured another bid for one laser cutting machine for the same project [2]. - The total investment for BOE's 8.6-generation AMOLED production line project is 63 billion CNY, with the construction reaching full completion ahead of schedule [3][11]. Group 2: Technology and Equipment - The laser cutting machines are essential for high-precision cutting of glass substrates or flexible films in OLED panel manufacturing, crucial for defining screen shapes and accommodating camera openings [6][13]. - The industry widely uses ultrafast lasers, such as picosecond or femtosecond UV lasers, to minimize thermal effects and ensure clean cutting edges [6][14]. - Dazhu Semiconductor's equipment includes various types of laser devices, such as laser contour cutting machines and laser chamfering machines, which are vital for the OLED manufacturing process [6][13]. Group 3: Industry Trends - The Chinese display industry is accelerating the localization of key equipment, with domestic laser companies achieving stable operation of their equipment in mainstream panel manufacturers, thus reducing reliance on imports [7][14]. - Dazhu Laser reported a revenue of 596 million CNY in the first half of 2025 from its semiconductor equipment business, highlighting its ongoing technological upgrades and successful bids for multiple projects [9][14].

Core Viewpoint - The article highlights the recovery of demand in the TV display panel market due to the impact of U.S. tariff policies and domestic subsidy measures, leading to a stabilization and potential increase in panel prices in early 2023 [5][6]. Demand Side Summary - In late 2022, demand for TV panels increased as brands prepared for international events like the World Cup, resulting in a narrowing of price declines for 32" to 85" panels, while prices for 98"/100" panels continued to decline due to weak demand [6]. - In January 2023, the continuation of the domestic subsidy policy for consumer electronics, particularly for energy-efficient products, is expected to support the market and lead to a gradual price recovery for 32" to 65" panels [6][9]. Supply Side Summary - Panel manufacturers are responding to the increased demand by raising production capacity utilization rates, with global high-generation line utilization reaching an estimated 82.4% in December 2022, a significant year-on-year increase of over 5 percentage points [7]. - In January 2023, the average utilization rate is expected to remain above 82%, driven by the need to fulfill concentrated orders and prepare inventory ahead of the upcoming Chinese New Year [8]. Price Dynamics Summary - In January 2023, the overall price of LCD TV panels is expected to stabilize and rise slightly, with most mainstream sizes projected to increase by $1, while prices for 75" and 85" panels are expected to remain stable at $218 and $285, respectively [9]. - The price for 98"/100" panels is anticipated to decrease further, but the decline is expected to narrow to $5, bringing the price down to $425 [9].

IT之家 12 月 26 日消息，TCL 科技今日发布公告，披露投资建设第 8.6 代印刷 OLED 生产线项目的最新 进展。 公告称，经 TCL 科技集团股份有限公司（以下简称"公司"）2025 年 9 月 12 日召开第八届董事会第十 四次会议审议通过，公司子公司 TCL 华星光电技术有限公司（以下简称"TCL 华星"）拟与广州市人民 政府、广州经济技术开发区管理委员会共同建设一条月加工 2290mm×2620mm 玻璃基板能力约 2.25 万 片的第 8.6 代印刷 OLED 显示面板生产线（以下简称"t8 项目"或"本项目"）。 公司已设立广州华星光电印刷显示技术有限公司（以下简称"项目公司"）作为项目公司，负责 t8 项目 建设和运营。 截至本公告日，TCL 华星与广州市人民政府、广州经济技术开发区管理委员会统筹协调的广州城发星 印投资合伙企业（有限合伙）、广州黄埔开投智星创业投资基金合伙企业（有限合伙）（以下合称 为"国资方股东"）签署了《增资协议》，协议主要内容如下： 为助力我国在全球新型显示产业竞争新格局中抢占战略制高点,引领行业在 先进技术的前沿探索与商业化突破,实现公司在高世代印刷 OLE ...

Group 1: TV Panel Market - The price of TV panels has stabilized in December, with expectations that prices for sizes ranging from 32 inches to 65 inches will remain flat [1][3] - Brand customers believe that panel prices have reached a bottom, while concerns about memory shortages and rising prices may affect TV products in the future [3] - The demand for TV panels remains stable, and panel manufacturers are considering a price increase due to the maintained production and utilization rates [3][5] Group 2: Monitor Panel Market - The demand for monitor panels is weak in the fourth quarter, but some customers are increasing their demand [4] - Panel manufacturers are reluctant to lower prices due to long-term losses in mainstream monitor panels, leading to a stable price forecast for December [5] - The anticipated increase in TV panel prices may positively influence the monitor panel market, although actual demand and negotiation conditions will determine future pricing [5] Group 3: Laptop Panel Market - The demand for laptop panels is being impacted by memory shortages and rising prices, leading to a short-term increase in demand for mid-range models [6] - Despite some increase in demand, panel manufacturers are prioritizing customer relationships and are expected to keep prices stable for TN models while reducing prices for IPS models by $0.1 to $0.2 [6] - There is uncertainty regarding future demand due to memory issues, and laptop panel prices may face downward pressure in the first quarter of 2026 [6]

CINNO Research发文称，今年11月，伴随国内外旺季备货期结束，面板需求进一步回落，而供应仍相对宽松，推动面板价格持续下行。进入12月，北美市 场需求逐渐释放，带动短期需求回暖，但由于整体产能平均稼动率仍维持较高水位，预计中小尺寸面板价格将逐步企稳，而大尺寸面板价格则延续下跌趋 势。 12月以来，国内市场因季节性备货结束而需求放缓，海外市场则在2026年世界杯等体育赛事预期及头部品牌年底冲量采购的推动下，表现出一定需求韧性， 带动短期整体市场回暖。面板厂在10月主动调控产能后，近期迎来订单阶段性增加，预计将维持较高产能利用率生产。在供需环境整体仍较宽松的背景下， 部分LCD TV面板价格有望逐步止跌，但全面反弹动力不足。 从需求端来看，面板市场在经历国内外旺季备货期后，11月整体需求已显现疲软，除32"与43"小尺寸面板价格保持稳定外，其余尺寸价格均延续下跌态势。 进入12月，受部分品牌商为明年国际体育赛事启动提前采购带动，中小尺寸面板需求获得阶段性支撑，预计价格逐步趋于稳定。反观国内市场，由于"国 补"政策尚未明确延续，终端厂商对明年一季度传统淡季的预期仍偏保守，并未开展大规模备货，因此大尺寸面板 ...

Core Viewpoint - BOE plans to start mass production of 8.6-generation OLED panels for laptops in May next year, with Acer and ASUS as initial customers [1][2]. Group 1: Production and Technology - The 8.6-generation OLED production line in Chengdu, Sichuan, can produce both laptop and smartphone panels [2]. - Compared to the current mainstream 6th generation, the 8.6-generation (2290mm×2620mm) can produce approximately 2.5 times the number of 14-inch panels per substrate, significantly reducing costs and improving production efficiency [2]. - BOE aims to be the first company globally to achieve mass production of 8.6-generation OLED panels, having completed the factory's lighting ceremony and entered trial production [2]. Group 2: Competitive Landscape - Samsung Display also plans to start mass production of 8.6-generation OLED panels in the second quarter or third quarter of next year, with Apple as a customer for its products [2]. - The first Apple laptops featuring OLED screens, specifically the "MacBook Pro," will utilize Samsung's 8.6-generation panels [2]. - BOE is in discussions with multiple Chinese smartphone manufacturers, including Apple and OPPO, regarding OLED screen supply [2].

Core Viewpoint - TrendForce's latest report indicates a comprehensive decline in television panel prices, while monitor panel prices remain stable, and slight decreases are observed in certain laptop panel prices [2][5][6]. Television Panels - The average price of 65-inch television panels is $168, down $3 from the previous month, a decrease of 1.8% [5]. - The average price of 55-inch television panels is $121, down $2 from the previous month, a decrease of 1.6% [5]. - The average price of 43-inch television panels is $63, down $1 from the previous month, a decrease of 1.6% [5]. - The average price of 32-inch television panels is $34, down $1 from the previous month, a decrease of 2.9% [5]. Monitor Panels - In November, monitor panel prices remained stable, with the average price of 27-inch IPS panels at $63 [6]. - The average price of 23.8-inch IPS panels is $49.9, with no change from the previous month [6]. Laptop Panels - The average price of 17.3-inch TN panels is $38.1, down $0.1 from the previous month, a decrease of 0.3% [8]. - The average price of 15.6-inch Value IPS panels is $40.1, down $0.1 from the previous month, a decrease of 0.2% [8]. - The average price of 14.0-inch TN panels has stabilized at $26.9 since July 2024 [8]. - The average price of 11.6-inch TN panels has also stabilized at $25.1 since July 2024 [8].

Core Insights - TCL Huaxing has launched the T8 project with a total investment of approximately 29.5 billion yuan, marking the world's first mass production G8.6 generation printed OLED production line [1][2] - The T8 project is seen as a critical step in strengthening the semiconductor display industry cluster in the Guangdong-Hong Kong-Macao Greater Bay Area [1][7] Investment and Production Details - The T8 project is designed to process about 22,500 glass substrates measuring 2290mm x 2620mm per month, targeting the mid-size IT market including monitors, laptops, and tablets [2] - The project aims to achieve mass production by the second half of 2027, with a construction period of 24 months [4] Technology and Cost Advantages - The choice of printed OLED technology is based on its unique advantages in cost and display quality, with a material utilization rate exceeding 90%, compared to about 30% for traditional evaporation techniques [2][6] - TCL Huaxing expects a cost advantage of over 15% compared to other OLED technologies once the T8 project is scaled up [2] Competitive Landscape - The global competition in high-generation OLED production lines has intensified, with major players like Samsung Display and BOE investing heavily in G8.6 generation lines, while TCL Huaxing is the only major company betting on the printed route [5] - TCL Huaxing's T8 project is the fourth high-generation OLED line announced in the industry, with the company timing its entry based on its own progress and market demand forecasts [5] Strategic Implications - The T8 project is expected to enhance the collaboration within the Greater Bay Area's semiconductor display industry, leveraging existing production lines in Guangzhou, Shenzhen, and Huizhou [7] - The project aims to achieve a 50% localization rate for equipment in its first phase, addressing previous dependencies on overseas suppliers and enhancing China's capabilities in this field [7]

Core Viewpoint - The demand for LCD TV panels remains high due to brand manufacturers preparing for the year-end peak season, with panel prices stabilizing as supply and demand strategies align [4][5][6]. Group 1: Market Demand - In Q3, brand manufacturers increased procurement to meet year-end demand, leading to a rise in panel prices, which approached stabilization by September [5][6]. - Despite a forecasted slowdown in demand as inventory adjustments occur, promotional events like "Double Eleven" and "Black Friday" are expected to support demand in October [6][8]. - The overall demand for panels in October is projected to remain stable, with most panel prices expected to hold steady compared to September [8]. Group 2: Supply Side Dynamics - Panel manufacturers increased production capacity utilization to 82% in Q3, a nearly 3% increase from the previous quarter, resulting in a 7.6% year-on-year growth in LCD TV panel shipments [8]. - To address the anticipated demand decline, many panel manufacturers are adjusting production capacity in early October, expecting utilization to drop below 80% [8]. - This production adjustment strategy aims to control inventory and operational costs while alleviating potential supply-demand imbalances in the TV market [8]. Group 3: Price Stability - Price stability is expected for most panel sizes in October, with specific prices remaining unchanged from September: 32" at $32, 43" at $64, 50" at $88, 55" at $110, 65" at $165, and 75" at $221 [4][8]. - However, larger panel sizes like 85" and 98" may experience slight price declines due to insufficient demand, projected to drop to $290 and $455 respectively [8].

Core Viewpoint - TCL Technology, in collaboration with the Guangzhou Municipal Government and the Guangzhou Economic and Technological Development Zone Management Committee, has signed a project cooperation agreement to establish an 8.6-generation printed OLED display panel production line with a monthly processing capacity of approximately 22,500 glass substrates measuring 2290mm x 2620mm [1] Investment Details - The total investment for the T8 project is estimated at approximately RMB 29.5 billion [1] - The parties involved have agreed to jointly contribute RMB 14.75 billion to the registered capital of the project company, with TCL Huaxing contributing RMB 8.85 billion and the state-owned enterprises coordinated by the Guangzhou Municipal Government and the Guangzhou Economic and Technological Development Zone Management Committee contributing a total of RMB 5.9 billion [1] - The remaining investment required beyond the registered capital will be financed through loans from a syndicate and other legally compliant methods [1]