Is it difficult for Sharp to mass produce as expected? Foreign capital: OLED outbreak, Samsung's one big

Sharp, a subsidiary of Hon Hai, is actively investing in OLED technology, hoping to grab iPhone orders, but Nomura SecuriTIes is pouring cold water, alleging that Samsung Electronics is the best beneficiary of the OLED boom, other players are generally It is only in the following year that there is a way to mass production.

Barronˋs reported on the 3rd that it is widely rumored that Apple intends to disperse orders and will not order all iPhone OLED panel orders to Samsung. It will urge Sharp or LG Display (LGD) to mass produce OLEDs, but Nomura believes that Samsung technology is leading. The main beneficiaries of the next few years. According to the report, the smart phone panel has changed from liquid crystal (LCD) to OLED. Many companies have announced the expansion of OLED production capacity. However, it is estimated that in 2016~2018, Samsung's capital expenditure will reach 30 trillion won, which is superior to other players. The total amount of investment is added.

Nomura said that Samsung's capital expenditure will be used for "plastic OLED" (POLED). In the fiscal year ending 2019, Samsung's market share in this market will remain at 90%. POLEDs are flexible panels that can be used to make foldable or roll-up displays in the future. According to the analysis of supply and demand in Nomura, Samsung is enough to meet the needs of global OLED smartphone panels.

The report said that after the completion of LPD's P10 plant, LGD will become an OLED second brother in FY18, but the market share is far behind Samsung. Despite the small number, LGD has experience in producing POLEDs (G Flex smartphones, Apple Watch). As for other players, most of them are scheduled to mass-produce in FY18, but Nomura estimates that since most manufacturers are still in the trial stage, the actual mass production time may be extended to the end of FY18 or FY2019. Reasons for delaying mass production include:

Yield is unstable / too low (especially POLED)

Instrument / material bottleneck

The government suddenly cut down subsidies (mainly Chinese companies).