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LCD/OLED Display Equipment Market
 
The Information Network compared display equipment company revenues for  Q2 2020 compared to Q1 2020 (blue bars) and Q1 2020 compared to Q4 2019 (green bars). The chart shows several important issues:

• Q2/Q1 had significant drop in revenue growth compared to Q1/Q4. Total revenues for these companies decreased 32.9% sequentially in Q2/Q1, compared to an increase of 8.5% in Q1/Q4.
• Applied Materials showed revenue growth in both periods for a combined growth of 26.3%, significantly higher than the mean growth of -24.4% for the overall market.
• Korea’s AVACO grew 34.1% in Q2/Q1 and 105.0% in Q1/Q4 for a combined growth of 139.1%. AVACO recently announced that it has signed a supply contract (LCD manufacturing equipment) worth 52.8 billion won with Beihai Huike Optoelectronic Display Co., Ltd. and the contract period is from 2020-06-02 to 2020-11-22.

 
AMAT’s success in the display equipment market comes from its capabilities at Gen 10.5G plants. AMAT is the only company that has PVD equipment to deposit oxide for the backplane for Gem 10.5 motherglass. In 2019, Korea’s Jusung Engineering, which delivered a CVD system for LG Display’s Gen 10.5 OLED production line at the P10 plant in Paju, Gyeonggi-do, but LG has put its Gen 10.5 plans on the back burner.

Figure 1: OLED Equipment Revenue Growth by Tool Maker

Figure 2: LCD Large Panel Supply/Demand