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ChinaStar Expanding Its LCD, OLED and OLED IJP Capacity to Rival BOE
ChinaStar/TCL is becoming a force in the LCD panel space rivaling BOE, which has greater panel capacity. ChinaStar/TCL was an active bidder in the sale of Panda’s LCD fabs, although BOE prevailed, and is actively pursuing increasing its OLED capacity. ChinaStar is building out it T4 Gen 6 OLED fab and has begun bringing in equipment for its Phase 2 and Phase 3 expansions. T4’s OLED capacity will grow from 1.0m m2 in 2020 to 1.125m m2 on an unyielded basis. They recently stated that yield on the phase 1 line ‘were improved as scheduled’, although they did say that they mass produced foldable displays for brands and are focusing on under-screen camera capabilities, along with LTPO and other specialty products at the fab. In the LCD space, ChinaStar’s T7 G10.5 LCD fab nears mass production, but yields will take time to stabilize. ChinaStar’s acquisition of Samsung Display’s Suzhou Gen 8.5 LCD fab is expected to be firm in 1Q 2021. ChinaStar in the planning stage of construction of a G8.5 OLED fab IJP fab in Guangzhou. Capacity is expected to be 180,000 sheets/month and production is planned to start in September 2022.
ChinaStar began construction of its T7 fab, a project that was expected to cost 42.68 yuan, ($6.459b). The Gen 11 fab had an expected capacity of 90,000 sheets/month, According to the company, the fab was ‘lit’ on September 8 and began mass production, 17 days earlier than what was stated in the original plan. TCL says the fab “reached the mass production yield standard nearly one month in advance, a new record for the company’, although from our reference point, the yield ‘standard’ is between 80% and 85%, which would be the point at which, on a general basis, the fab would become profitable.” Since ChinaStar’s T7 project has a three phase build out; Phase 1 is 30,000 sheets/month, which consists of two 15,000 sheet/month lines. T7 phase 1 targets 65”, 75”, and 85” LCD panels with a 50%, 30%, and 20% allocation respectively, which using the full 30,000 sheet capacity of the phase 1 T7 project would result in the production of 204,000 units/month at full utilization. Using current yields and average utilization, the T7 fab could produce 2.32m units in 2021 or ~5% of ultra-large TV demand. ChinaStar is expected to build out T7 phase 2 next year and phase 3 in 2022.
ChinaStar/TCL is becoming a force in the LCD panel space rivaling BOE, which has greater panel capacity. ChinaStar/TCL was an active bidder in the sale of Panda’s LCD fabs, although BOE prevailed, and is actively pursuing increasing its OLED capacity. ChinaStar is building out it T4 Gen 6 OLED fab and has begun bringing in equipment for its Phase 2 and Phase 3 expansions. T4’s OLED capacity will grow from 1.0m m2 in 2020 to 1.125m m2 on an unyielded basis. They recently stated that yield on the phase 1 line ‘were improved as scheduled’, although they did say that they mass produced foldable displays for brands and are focusing on under-screen camera capabilities, along with LTPO and other specialty products at the fab. In the LCD space, ChinaStar’s T7 G10.5 LCD fab nears mass production, but yields will take time to stabilize. ChinaStar’s acquisition of Samsung Display’s Suzhou Gen 8.5 LCD fab is expected to be firm in 1Q 2021. ChinaStar in the planning stage of construction of a G8.5 OLED fab IJP fab in Guangzhou. Capacity is expected to be 180,000 sheets/month and production is planned to start in September 2022.
ChinaStar began construction of its T7 fab, a project that was expected to cost 42.68 yuan, ($6.459b). The Gen 11 fab had an expected capacity of 90,000 sheets/month, According to the company, the fab was ‘lit’ on September 8 and began mass production, 17 days earlier than what was stated in the original plan. TCL says the fab “reached the mass production yield standard nearly one month in advance, a new record for the company’, although from our reference point, the yield ‘standard’ is between 80% and 85%, which would be the point at which, on a general basis, the fab would become profitable.” Since ChinaStar’s T7 project has a three phase build out; Phase 1 is 30,000 sheets/month, which consists of two 15,000 sheet/month lines. T7 phase 1 targets 65”, 75”, and 85” LCD panels with a 50%, 30%, and 20% allocation respectively, which using the full 30,000 sheet capacity of the phase 1 T7 project would result in the production of 204,000 units/month at full utilization. Using current yields and average utilization, the T7 fab could produce 2.32m units in 2021 or ~5% of ultra-large TV demand. ChinaStar is expected to build out T7 phase 2 next year and phase 3 in 2022.
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