Samsung Display is poised to acquire eMagin, an American Micro OLED company, for 290 billion won ($258 million).According to industry sources on the 18th, eMagin announced on its website that it has entered into an acquisition agreement with Samsung Display. Samsung Display will invest $218 million
Korea’s ICT exports in April reached US$12.77 billion, down 35.9 percent from April 2022 when Korea posted the highest April exports ever, according to ICT import and export data released by the Ministry of Science and ICT on April 15. The drop in the ICT exports was blamed on a delay in a recovery
The author is an analyst for Shinhan Securities. He can be reached at chank@shinhan.com -- Ed.1Q23 sales miss market consensus at KRW28.5bn (-32% YoY)Duk San Neolux reported sales of KRW28.5bn (-31.7% YoY) and operating profit of KRW0.1bn (-99.3% YoY) for 1Q23, falling short of market consensus. We
China’s No. 1 display maker BOE has filed a patent infringement lawsuit against Samsung in China. Industry analysts say this is a retaliatory move by BOE, which competes with Samsung in the organic light-emitting diode (OLED) panel market.BOE recently sued Samsung Display, Samsung Display China, and
The author is an analyst for NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Formalizes entry into rechargeable battery materials marketVia a recent company briefing, Innox AMC has formalized its entry into the lithium hydroxide (LiOH) market. Related key points include: 1)
The author is an analyst of NH Investment & Securities. He can be reached at hwdoh@nhqv.com -- Ed.With customers in the final stages of inventory adjustments, display industry conditions are recovering. We favorably view LX Semicon’s increasing portion of the iPhone supply chain and securing of new
LIG Nex1 announced on May 2 that it will showcase a FA-50 Active Phased Array (AESA) radar prototype at the 2023 Air Force Civil-Military Cooperation Seminar and Exhibition at the Daejeon Convention Center.The FA-50 AESA radar unveiled by LIG Nex1 is the first air-cooled AESA for fighter jets in Kor
SK Group Chairman Chey Tae-won visited the United States on an economic mission during a Korea-US summit meeting, actively supporting economic diplomacy between the two countries.On April 25 (local time), an investment announcement ceremony held at the U.S. Chamber of Commerce in Washington, D.C., i
Samsung Electronics Chairman Lee Jae-yong is finalizing the schedule to meet Apple CEO Tim Cook and Google CEO Sundar Pichai during his visit to Silicon Valley during a business trip to the United States that will last until mid-May. It is analyzed for the purpose of envisioning Samsung’s future bus
The author is an analyst of NH Investment & Securities. He can be reached at sw.kang@nhqv.com -- Ed.The Fed’s official forecast includes the entering of a mild recession at the end of this year. Given that monetary tightening should become more difficult toward yearend, we expect that the Fed will h
LG Display is struggling looking for an exit strategy for its Chinese business amid a prolonged slump in the liquid crystal display (LCD) panel industry. The company is facing various scenarios including, sale to a Chinese company and a large-scale process transformation, as it urgently needs to imp
The author is an analyst of Shinhan Securities. He can be reached at chank@shinhan.com -- Ed.IT materials and thin-glass processing services providerChemtronics focuses mainly on chemicals and electronics businesses. The chemicals business division, which generated 47% of total sales in 2022, is wid
According to China’s state-run Xinhua News Agency on April 13, President Xi visited LG Display’s factory and the R&D center for electric vehicle Aion under China’s Guangzhou Automobile Group (GAC) as part of a tour of Guangzhou in Guangdong Province of China on April 12.The Chinese political leaders
The author is an analyst of NH Investment & Securities. He can be reached at jack.baek@nhqv.com -- Ed.Given likely higher orders this year, Philoptics should enjoy sound earnings both at subsidiary Philenergy (rechargeable battery stacking equipment) and its core business (display laser cutting equi
Samsung Display will supply state-of-the-art organic light emitting diode (OLED) panels to supercar brand Ferrari.Samsung Display announced that it signed a memorandum of understanding (MOU) with Ferrari at the Asan Campus on April 11 to develop display solutions to be loaded into Ferrari’s next-gen
While Samsung Display filed an OLED panel patent infringement lawsuit against U.S. component makers, BOE, the largest display company in China, is attracting attention as the U.S. International Trade Commission (ITC) has decided to launch an investigation of BOE. Samsung Display took this action to
Samsung Display will invest 4.1 trillion won (US$3.1 billion) for three years in Asan, South Chungcheong Province, to maintain a super-wide gap with its followers in the display industry. The company plans to retake the lead in the display industry that it lost to China by significantly boosting its
LG Display is accelerating its business restructuring from displays for TVs and monitors to those for smartphones and vehicles.LG Display’s sales of displays for mobile devices, including smartphones and vehicles, are expected to cross 40 percent for the first time this year in April according to so
The author is an analyst of NH Investment & Securities. He can be reached at kyuha.lee@nhqv.com -- Ed.Amid improving display industry conditions, the expanding application of OLED displays is positive for Innox AMC, which boasts global panel makers as customers. Considering expectations for earnings
A race to dominate the global panel market for organic light-emitting diode (OLED) panels is rapidly reshaping into a three-runner race with Korea in the front, China in the middle and Japan in the back. The three are spaced far apart.Korea is enjoying the dominance of the OLED panel market but has