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Tianma Hopes to Ship 40 Million OLED Panels in 2021
Tianma has (three OLED fabs in operation, a Gen 4.5 line, a Gen 5.5 line, both in Shanghai, and a Gen 6 line in Wuhan. Tianma has been a relatively small contributor to OLED panel production this year, shipping ~1m OLED displays, despite its capacity share of 2.8%. Much of Tianma’s OLED capacity is based on rigid substrates, and while there are a number of Chinese smartphone brands that use rigid OLED, the more lucrative market is flexible OLEDs. As a result, Tianma is converting its Wuhan fab to flexible OLED production, which it hopes to expand its customer base.
While Tianma expects to finish the conversion in 2021, the company has set a goal of shipping 40m OLED panels in 2021, with 20m of those being flexible, far ahead of estimates. Tianma is also building a 2nd Gen 6 flexible OLED fab in Xiamen, but that fab is not expected to be in production until mid to late 2022. If Tianma were to convert all of its rigid OLED capacity to flexible as of January 1 2021 and produced at a 75% yield, they could hit 40m units.
According to The Elec report, the Chinese display maker’s goal is half of BOE‘s target of shipping 80 million flexible OLED panels, which it announced back in August 2020. Stone Partners estimates that the company will only be able to ship 7.5 million OLED panels in 2021. Tianma is placing orders for equipment for its 6th gen OLED factory, TM18. This equipment will be installed in the factory by the first half of 2022 and will have a production capacity of 48,000 substrates per month, which is higher than its current gen TM17’s 37,500 substrates production capacity. Furthermore, the company is producing its rigid OLED panels at its TM15 factory in Shanghai and has been used to supply smartphone OEMs like Xiaomi, Lenovo, Asus, HTC, and LG Electronics.
The company’s flexible panels are also being tested by Xiaomi, Vivo, and Honor. Tianma also has a chance of becoming another supplier of Xiaomi along with BOE.
Tianma has (three OLED fabs in operation, a Gen 4.5 line, a Gen 5.5 line, both in Shanghai, and a Gen 6 line in Wuhan. Tianma has been a relatively small contributor to OLED panel production this year, shipping ~1m OLED displays, despite its capacity share of 2.8%. Much of Tianma’s OLED capacity is based on rigid substrates, and while there are a number of Chinese smartphone brands that use rigid OLED, the more lucrative market is flexible OLEDs. As a result, Tianma is converting its Wuhan fab to flexible OLED production, which it hopes to expand its customer base.
While Tianma expects to finish the conversion in 2021, the company has set a goal of shipping 40m OLED panels in 2021, with 20m of those being flexible, far ahead of estimates. Tianma is also building a 2nd Gen 6 flexible OLED fab in Xiamen, but that fab is not expected to be in production until mid to late 2022. If Tianma were to convert all of its rigid OLED capacity to flexible as of January 1 2021 and produced at a 75% yield, they could hit 40m units.
According to The Elec report, the Chinese display maker’s goal is half of BOE‘s target of shipping 80 million flexible OLED panels, which it announced back in August 2020. Stone Partners estimates that the company will only be able to ship 7.5 million OLED panels in 2021. Tianma is placing orders for equipment for its 6th gen OLED factory, TM18. This equipment will be installed in the factory by the first half of 2022 and will have a production capacity of 48,000 substrates per month, which is higher than its current gen TM17’s 37,500 substrates production capacity. Furthermore, the company is producing its rigid OLED panels at its TM15 factory in Shanghai and has been used to supply smartphone OEMs like Xiaomi, Lenovo, Asus, HTC, and LG Electronics.
The company’s flexible panels are also being tested by Xiaomi, Vivo, and Honor. Tianma also has a chance of becoming another supplier of Xiaomi along with BOE.
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