（文章来源：证券日报） 证券日报网讯京东方Ａ11月26日在互动平台回答投资者提问时表示，公司OLED产线良率处于行业头部 水平；材料、设备方面，公司与全球众多供应商建立了良好的合作关系，共同推动行业整体发展。 ...

据此前消息，苹果另一款入门级平板电脑——iPad Air将从2028年起搭载OLED显示屏。有业内 人员表示：" 尽管iPad Pro因采用OLED而备受关注，但由于其定价较高，实际需求反而低于预 期。虽然 新款 iPad mini也预计将涨价，但其价格门槛会有所降低，从而加速向OLED技术的转 型。 " 11月25日，据媒体ETnews报道，三星显示计划从明年7月左右开始量产将用于iPad mini的8.4英 寸OLED面板。 据悉，该面板将采用单层发光结构和低温多晶硅（LTPS）TFT技术。与iPad Pro不同，iPad mini的OLED面板在生产成本上采用了相对较低的技术方案。 报道称，三星显示将独家供应，预计年产能约为300万片。按照面板的投产时间推算，搭载OLED 屏幕的iPad mini有望于明年第三季度或第四季度正式上市。 此前，苹果在iPad mini上一直使用的是LCD面板。这是iPad mini首次应用OLED技术，也是继 iPad Pro系列（11英寸和13英寸机型）之后，苹果平板电脑中第二款采用OLED屏幕的产品。 图片来源：苹果官网 与主打高端市场的iPad Pro不同，iPad ...

来源|凤凰网《风暴眼》 文| 张沃若 面板产业的权杖交替，从来不是温和的交接仪式，而是一场场血腥的 "消耗战"，只有看谁先流干最后一滴血，才能决定王座归属。 2025年11月19日，京东方与三星的专利大战暂且偃旗息鼓，双方宣布撤回在美国国际贸易委员会(ITC)的337调查及所有关联诉讼，终止持续三年的 OLED商业秘密纠纷。 战场上的硝烟并未散去，只是换了一种弥漫方式。韩国勉强守住了 OLED桥头堡，中国则赢得了继续冲锋的通行证。 只是这场持续了三十年的全球面板产业争雄史，此刻却缺失了一个角色 ——那个曾用特丽珑和液晶技术定义过两个时代的日本，身影已然模糊。 01 被日本技术铁幕笼罩的二十年 1980年元旦，北京东风电视机厂的工人们围着一台松下18寸彩电啧啧称奇。这台从日本漂洋过海来的"稀罕物"，售价相当于普通人三年工资，还需 搭配外汇券和侨汇券才能请神归位。当松下的工程师在车间调试生产线时，没人想到这条流水线将改写两个国家的产业命运。 此后的十数年里，青岛、大连的港口永远灯火通明。三井物产的货轮不断将东芝、夏普、松下的产品卸往中国市场，此时的中国家庭，在经历 "三大 件"消费升级浪潮，日本家电企业以精密制造 ...

Core Viewpoint - BOE Technology Group (京东方Ａ) indicates a declining trend in overall capital expenditures, with 2025 expected to be a peak year due to significant investments in the Chengdu 8.6 generation OLED production line project [1] Capital Expenditure Summary - 2025 is projected to have the highest capital expenditure primarily driven by the Chengdu 8.6 generation OLED production line investments [1] - In 2026, there will still be some capital expenditures mainly for subsequent equipment procurement [1] - Starting from 2027, capital expenditures are expected to decline significantly as mass production is completed and no new production line investment plans are in place [1] Future Spending Areas - Future expenditures will mainly consist of maintenance costs and investments in innovative fields such as perovskite and glass-based packaging substrates [1] - The funding requirements for these innovative areas are significantly lower than those for panel production line construction [1]

Core Viewpoint - BOE and Samsung Display have reached a settlement regarding intellectual property disputes in the display sector, which is expected to promote healthy development and high-value growth in the global display industry [1][2]. Group 1: Background of the Dispute - The legal battle between Samsung and BOE has been ongoing, with significant deterioration in their relationship starting in November 2022 when Samsung removed BOE from its supplier list [1]. - In December 2022, Samsung filed a complaint with the U.S. International Trade Commission (ITC) against 17 U.S. smartphone repair shops for using "illegal" display panels to repair Samsung Galaxy and Apple iPhone devices, escalating tensions [1]. - In October 2023, Samsung accused BOE of infringing on its core trade secrets related to OLED technology and filed additional patent infringement lawsuits against BOE [1]. Group 2: Legal Actions and Developments - In May 2024, BOE retaliated by filing a patent infringement lawsuit against Samsung in Texas, claiming that Samsung's Galaxy Z Fold series used BOE's patented technology [2]. - The ITC made a preliminary ruling in July, finding that BOE and its affiliates had infringed on Samsung's trade secrets, leading to a limited import ban on BOE's OLED panels for 14 years and 8 months [2]. - The ITC was set to make a final ruling on November 17, but the investigation was suspended on November 18, indicating that Samsung and BOE were negotiating a settlement [2]. Group 3: Settlement Agreement - Following the settlement, both companies agreed to withdraw all ongoing lawsuits in the U.S. and China, effectively concluding nearly three years of disputes over patents and trade secrets [2].

Group 1 - The core project involves the procurement of equipment for the 8.6-generation OLED production line by Hefei Guoxian, with multiple Korean and Japanese companies winning bids for various essential equipment [1][2] - Key equipment includes Laser Lift-Off (LLO) machines, dry etching machines, and PI curing equipment, which are critical for flexible OLED manufacturing [1] - The 8.6-generation AMOLED production line is a collaboration between Visionox and Hefei's investment platform, with a total investment of 55 billion yuan and a designed capacity of 32,000 glass substrates per month [2] Group 2 - The project is notable for being the world's first high-generation AMOLED production line equipped with the no FMM technology (ViP), and it is expected to start mass production in the first quarter of 2027 [2] - The flexible OLEDs produced will primarily be used in mobile device displays, indicating a significant market potential for Visionox's new production line [1]

11月17日，LG Display发布的投资者关系资料显示，公司今年面板每平米售价呈现上涨态势：第 一季度为804美元，第二季度价格为1056美元，到第三季度已飙升至1365美元，单季涨幅最高超 30%。 与此同时，出货面积持续收缩：第一季度为5400万平方米，第二季度降至4000万平方米，第三季 度进一步下滑至3900万平方米，同比降幅达27.8%。 尽管整体出货面积显著减少，但得益于高端、高利润产品占比的大幅提升，LG Display的盈利能 力实现了逆势增长。 LG Display相关人员表示："面板单位面积售价的上涨，是由于公司高附加值、高平均售价 （ASP）产品（例如 OLED）的比例增加所致。公司正逐步转向以高利润产品为主导的经营模式 ——即便销量有所下滑，也能确保整体收益增长。" 目前，LG Display专注于高附加值产品，如大屏OLED电视、高端游戏OLED以及车用P-OLED。 今年，公司正围绕OLED调整其产能，计划投资逾1万亿韩元用于设施建设，并已出售其位于中国 广州的液晶显示器（LCD）工厂。 报道称，公司在第三、四季度将产能维持在340万片（以8代玻璃基板计）的水平下，持续扩大高 ...

Core Insights - The report by the Federation of Korean Industries (FKI) indicates that by 2030, China is expected to surpass South Korea in all major export industries, including semiconductors, displays, steel, electronics, automotive parts, general machinery, shipbuilding, secondary batteries, petrochemicals, and biopharmaceuticals [3][6]. Industry Competitiveness - Currently, South Korea's competitiveness is rated at a baseline score of 100, while China's score is 102.2, Japan's is 93.5, and the US leads with 107.2. By 2025, China's score is projected to rise to 112.3, nearing the US score of 112.9 [3][6]. - In the semiconductor sector, South Korea currently holds a slight edge with a score of 99.3, but by 2030, China's score is expected to reach 107.1, indicating a significant shift in competitiveness [3][6]. Semiconductor Industry Dynamics - South Korea's semiconductor giants, Samsung and SK Hynix, currently dominate the global market, holding over 50% market share. However, they face increasing competition from Chinese manufacturers, who are rapidly closing the technological gap [6][7]. - Chinese companies have begun mass production of advanced NAND flash memory chips, with expectations to surpass South Korean technology in the near future [6][7]. Investment Strategies - SK Hynix plans to invest over 128 trillion KRW (approximately 85.5 billion USD) in its semiconductor cluster in Yongin by 2028 to enhance its response to the growing demand for AI-related memory chips [9][10]. - Samsung has announced a five-year investment plan of 310 billion USD, focusing on AI-driven technologies and expanding its semiconductor production capabilities [12][13]. AI Integration and Future Prospects - Samsung is collaborating with Nvidia to integrate AI into every stage of semiconductor production, aiming to enhance efficiency and manufacturing capabilities [14][16]. - The partnership is expected to yield significant performance improvements and scalable deployment in the semiconductor manufacturing sector [17].

2025.11. 16 本文字数：1893，阅读时长大约3分钟 近期维信诺定增、控制权变更一事，让面板产业重投入下的压力受到关注。面板产业重资产、长周期、高 成本的特点，使厂商需要一边争取更多收入，一边投入重资产产线建设。定增募资成为一些厂商缓解压 力、改善资产负债表现的途径，另一些面板企业近期则在扩展融资渠道。 投入高世代OLED产线建设的金额颇高，成为近期业界的关注焦点。这是一种已在手机上普遍应用，仍待 在电脑等中尺寸产品上继续渗透的技术。随着10月底TCL华星宣布启动G8.6代印刷OLED产线建设，国内 在建8.6代OLED产线达到3条。其中维信诺持股的合肥国显在建的8.6代OLED面板产线投资额550亿元， TCL华星t8总投资额295亿元，加上京东方，三家国内厂商投资额超1400亿元。再加上三星显示，四家面 板厂在8.6代OLED生产线上的投资总额则接近1700亿元。 一些业务较多元的厂商资金较雄厚，但新产线建设仍是一笔不小的支出。对照营收规模，维信诺、京东方 去年营收额分别约79.29亿元、1983.81亿元，两家公司去年净利润分别为-25.05亿元、53.23亿元。 重金投入后，这些产线未来能否 ...

近期维信诺定增、控制权变更一事，让面板产业重投入下的压力受到关注。面板产业重资产、长周期、 高成本的特点，使厂商需要一边争取更多收入，一边投入重资产产线建设。定增募资成为一些厂商缓解 压力、改善资产负债表现的途径，另一些面板企业近期则在扩展融资渠道。 投入高世代OLED产线建设的金额颇高，成为近期业界的关注焦点。这是一种已在手机上普遍应用，仍 待在电脑等中尺寸产品上继续渗透的技术。随着10月底TCL华星宣布启动G8.6代印刷OLED产线建设， 国内在建8.6代OLED产线达到3条。其中维信诺持股的合肥国显在建的8.6代OLED面板产线投资额550亿 元，TCL华星t8总投资额295亿元，加上京东方，三家国内厂商投资额超1400亿元。再加上三星显示， 四家面板厂在8.6代OLED生产线上的投资总额则接近1700亿元。 一些业务较多元的厂商资金较雄厚，但新产线建设仍是一笔不小的支出。对照营收规模，维信诺、京东 方去年营收额分别约79.29亿元、1983.81亿元，两家公司去年净利润分别为-25.05亿元、53.23亿元。 赵军判断，各种OLED技术路线中，未来技术还将融合、拓展，应用范围也会扩大，例如印刷OLED ...