Untitled

2011
BUSINESS AND TECHNOLOGY REPORT
Prepared by Ferhat nlkal 12/4/2011
Amtran-Vizio

NOVEMBER 2011
Headlines Consumer Electronics (CE) LG LG Electronics plans to raise KRW 1.06 trillion (USD 938 million) in a rights issue. Google and LG Electronics may unveil a television using the search giant's software.
Amtran is expected to see its LCD TV shipments increase 12-15% sequentially to 1.25 million in the fourth quarter.
TCL TCL is expected to sign a strategic alliance agreement with Taiwan-based vendor Sampo
Market Global shipments of LCD TVs are expected to top 226 million units in 2012, growing 10% from those projected for 2011. LCD TV prices will fall to their lowest levels of all time this Black Friday. Black Friday helped to stimulate sales of LCD TVs causing inventory levels to decrease. LED TVs are seen to account 37 percent of global TV shipments. LED TVs are expected to drive 53 percent of DTV shipments next year. The penetration rate of LED TVs in the global TV market reached about 40% in the third quarter of 2011 and the ratio is expected to top 50% in the first quarter of 2012, the sources estimated. Demand for smart TVs in the China market may top 18 million units in 2012, accounting for 40% of China's entire TV market. Shipments of 3D high definition televisions rose to 6.6 million units by the end of September 2011. Hybrid box penetration will rise above 60% by 2016 Most branded TV vendors have adopted aggressive pricing strategies to promote sales of 3D TVs in China. Taiwan-based LCD TV ODMs may undergo a major shift in 2012 due to increased outsourcing from Sony. Turkey will have 95.6% digital TV penetration by 2016, up from 55.3% at end-2010. These 6.4 million home will generate pay TV revenues of US$1.2 billion in 2016.
Sony Sony Corp. said that it swung to a second-quarter net loss of 27 billion yen ($345.3 million). Sony Corp on Wednesday cut its annual LCD TV sales forecast by 9 percent to 20 million units from 22 million units. Sony is negotiating with US broadcasters to provide content. Sony has decided to split its television business in three.
Panasonic Panasonic is increasing its outsourcing of LCD TVs to cut losses at its TV business unit.
Foxconn Foxconn annnounced consolidated revenues. Foxconn is planning to invest heavily in the robotics area, with US$223 million.
ICT Samsung Samsung became the new leader in the worldwide smartphone market.
Amazon Amazon.com Inc may launch its own smartphone in the fourth quarter of 2012. Amazon is expected to continue to release the 7-inch Kindle Fire till the second quarter of 2012.
LG LG Electronics has announced that it will be offering the Android 4.0 upgrade for high-end smartphones. Cisco
Apple Apple is investigating the use of powerefficient organic light-emitting diode displays for its mobile devices.
Cisco is acquiring a South Korean Telecommunicattion service company for smart buildings and smart city projects from January.
Nokia-Siemens Nokia Siemens will eliminate 17,000 jobs worldwide. DragonWave Inc will buy microwave technology business of Nokia Siemens Networks in a deal potentially worth up to 110 million euros. Nokia Siemens Networks said it had agreed to sell a unit working on a niche WiMax technology to private-equity backed NewNet Communication Technologies.
HP Hewlett Packard Co unveiled plans to develop extremely low-energy servers.
Lenovo Lenovo unveiled three new tablets and a smartphone for the Chinese market.
Hitachi Hitachi plans to aggressively pursue large cloud computing projects and market software
Foxconn The Foxconn Group will start construction of two buildings for cloud services. Foxconn will launch Popo Cloud.
Asus Asustek, launched a new solution Asus Cloud for the private cloud computing market.
Wistron Wistron plans to cooperate with a chassis player in the first quarter of 2012 to establish a joint venture to develop a new chassis material for ultrabooks.
HTC HTC Corp warned its sales in the fourth quarter.
Google The Google takeover is expected to be complete in early 2012. Google has released a software update for its TV platform.
Market IDC reported shipped 118.1 million units in 3Q11 compared to 82.8 million units in the 3Q10. China has overtaken the United States to become the world's largest smartphone market. Juniper Research released a new report on mobile eBook sales, which it
forecasts to reach close to $10 billion ($9.7b) by 2016, up from $3.2 billion this year. Forrester has forecast the global cloud computing market will grow to $241 billion in 2020 from $41 billion this year. Global cloud computing traffic is expected to grow 12-fold from 130 exabytes to reach a total of 1.6 zettabytes annually by 2015 a 66% compound annual growth rate. The $60 billion global computer security industry has become a hot sector for a range of investors. Telecom carrier revenue is forecast by Infonetics to grow to US$2.17 trillion in 2015, driven by mobile broadband.
decade, as restructuring costs soared and weak demand in the United States and Europe eroded income. INCJ INCJ, Hitachi, Sony ve Toshiba, announced that they have signed definitive agreements to integrate their small- and medium-sized display businesses in a new company to be established and operated by INCJ.
AUO AUO announced its preliminary consolidated October 2011 revenue of NT$31,210 million, down by 5.2% month-over-month and 11.2% yearover-year. AU Optronics (AUO) and Chimei Innolux (CMI) are expected to release 39- and 50-inch LCD TV panels at the end of 2011. Acer and Asustek Computer have been working with panel makers AU Optronics (AUO) and Chimei Innolux (CMI) separately to develop a new generation of full HD notebook panels. AU Optronics (AUO) has announced a pay-cut program for its top executives as part of its cost-reduction plan. AUO will start volume production of 27inch OGS (one glass solution) touch panels soon, targeting the large-size touch panel solution.
Flat panel Industry LG Display Samsung Electronics and LG Display reportedly plan to produce OLED panels from 8.5G lines in 2012. E Ink Holdings (EIH) will suspend a cooperation agreement it signed with LG Display.
Sharp Apple Inc. is shifting production of iPhone and iPad displays to Sharp Corp. and may introduce a television with screens from the same partner as early as the middle of 2012.
CMI CMI is still negotiating with a banking consortium for the arrangement of a syndicated loan of up to US$1.33 billion in order to improve its financial structure. Chimei Innolux (CMI) has said it is evaluating the possibility of setting up a flat panel plant in Brazil. Pixtronix Inc and CMI have announced the successful joint development of 5inch diagonal MEMS display prototypes.
Sony Sony Corp. is in talks to terminate its joint venture with Samsung for the production of liquid crystal displays for televisions. Sony is reportedly considering withdrawing from S-LCD, a joint venture set up by Samsung Electronics and the Japan-vendor.
Panasonic Panasonic slashed its annual outlook to a $5.5 billion net loss, its worst in a
BOE CEC is mulling the possibility to acquiring debt-laden LCD panel maker BOE Technology.
penetration in LCD TV panels of 10 percent. Shipments of vehicle displays are expected to grow by a CAGR of 18.9% during the period from 2011-2014
CPT Chunghwa Picture Tubes (CPT) has beaten Chimei Innolux (CMI) to become the largest Taiwan-based supplier of tablet PC panels thanks to orders from Amazon for its 7-inch Kindle Fire
Semiconductor Industry Intel Intel said it would invest US$100 million in companies developing software and services for mobile device and PCs. Toyota and Intel are to co-operate on the development of next-generation incar systems.
Market Total shipments of LCD TV panels from Taiwan, Japan, South Korea, and China in 2011 should be around 207.8 million units, a 6% decrease compared to 220 million units in 2010. Shipments of large-size TFT LCD panels were 185.5 million units in third-quarter 2011, flat compared to the previous quarter. South Korea's competition watchdog has fined 10 LCD makers a total of 195 billion won ($176 million) for allegedly holding secret meetings to keep the prices for flat screen displays artificially high. Poor demand for LCD panels has resulted in a price dropping by about five percent in September. Korea-based flat panel makers will ramp up their capacity utilization rates to 80-85% in the fourth quarter. Taiwan-based makers are expected to run at 70-75% of their capacities during the quarter. DisplaySearch estimates are based on panel makers' shipment targets in fourth-quarter 2011, which can be concluded that 209 million units of LCD TV panels will be shipped in 2011. Although the average utilization rate of panel makers in October increased to 75% from 68% in September, the increase was due to increases at South Korea-based panel firms, which are around 84-85%. 3D LCD TV panel shipments will reach 21.5 million units in 2011, with 3D
Mediatek MediaTek Inc.announced its most advanced Wi-Fi chip designed to enable internet access and peer-to-peer multimedia sharing. MediaTek and Facebook announced patrtneship to access Facebook in emerging market.
Mstar MStar and MediaTek own the top two slots in the global TV video processor market with a combined 45.3 percent share in 1Q11. MStar Semiconductor has announced its HbbTV (hybrid broadcast broadband TV) solution has been selected by Toshiba.
Market Taiwan-based LCD driver IC design houses have moved to diversify their product portfolios to mitigate the impact of stagnant panel demand The total GPS market is expected to reach $26.67 billion by 2016 at a CAGR of 23.7% from 2011 to 2016. Global Organic Electronics market is forecast to reach US$32.8 billion by 2017.
Software Industry Microsoft Microsoft Signs Nondisclosure Agreement With Yahoo Microsoft is considering licensing the kinect technology to TV manufacturers.
Payment Industry Verifone VeriFone announced it has acquired Global Bay Mobile Technologies, a leading provider of next-generation mobile retail solutions. VeriFone acquires Point for 600 million euros plus the retirement of 170 million euros in debt.
Adobe Adobe announced plans to stop investing in Flash for mobile browsing, neatly upending the tablet market.
Mastercard Proxama has teamed up with MasterCard to produce a kit to demostrate how its "mobile wallet" technology Works.
Service Industry Turkcell Turkcell's net profit dipped 3.4 percent year-on-year to 537 million lira ($302 million). Visa
Vivendi Vivendi acquires the recorded music division of the EMI Group for 1.2 billion pounds, or about $1.9 billion. The Vivendi-owned Canal Plus signed a definitive agreement to buy and run Bollores Direct 8 and Direct Star and its ad sales division.
Visa announced a significant step to bringing access to secure financial services and electronic payments to consumers in developing countries.
Paypal PayPal is expanding its presence in Asia by opening a new global operations centre here, where it plans to hire as many as 500 people by the end of 2013.
Market The global pay TV market, including telco IPTV, cable and satellite video services, totaled $125 billion in the first half of 2011 (1H11) and is forecast by Infonetics Research to grow to $353 billion by 2015. The US broadcasting & cable TV market had total revenues of $131.9 billion in 2010, representing a compound annual growth rate (CAGR) of 1.3% between 2006 and 2010.
Blackberry BlackBerry and Telefonica are teaming up to test a payment system.
Market ABI said NFC-based mobile wallet users will grow to 594 million by 2016.
Energy Industry Panasonic Panasonic is planning to establish a company in Malaysia that will serve as the firm's solar manufacturing base.
Consumer Electronics (CE) LG Business LG Electronics plans to raise KRW 1.06 trillion (USD 938 million) in a rights issue. The company plans to sell 19 million new shares at KRW 55,900 apiece, a discount to the 3 November closing price of KRW 61,600, Bloomberg reports from Seoul. LG Electronics will spend KRW 638.6 billion for capital expenditure and the remainder will be used for research and development, the company said, without providing further details. The company's share ended down 14 percent after the announcement. Fitch Ratings earlier lowered the outlook on LG Electronics to "negative" from "stable," saying the company's operational competitiveness is unlikely to recover in the short term. Last month, Moody's cut the outlook for LG's rating to "negative" from "stable", and Standard & Poor's lowered the long-term corporate credit and senior unsecured debt ratings to BBB- from BBB.
AUO AUO cooperated with partners to accomplish South Africa's first solar Project.
Google Google Inc has abandoned an ambitious project to make renewable energy cheaper than coal.
BMW-Toyota BMW is planning to cooperate with Japanese rival Toyota on research into lithium-ion batteries for electric cars.
Ember Elster and Freestyle have integrated Embers ZigBee System-on-Chip and ZigBee PRO networking software
Market In the Asia Pacific region, the photovoltaic (PV) market is forecast to grow 39% on quarter and 130% on year in fourth-quarter 2011.
LGs stock performance
SmartTV Google Google and LG Electronics may unveil a television using the search giant's software at the January Consumer Electronics Show in Las Vegas,
according to two people with knowledge of the project. The product would be LG's first model with Google TV, said the people, who declined to be identified because the discussions aren't public. Google is trying to build a coalition around its Google TV software, which adds Internet features to televisions. Enlisting LG, the secondlargest TV maker, may help shore up the effort amid dwindling support from an early partner, Logitech International SA. That company is backing away from the partnership after disappointing sales. Sony Business Japanese consumer electronics giant Sony Corp. said Wednesday that it swung to a second-quarter net loss of 27 billion yen ($345.3 million). Last year, the firm posted a profit of 31.1 billion. Sales totaled 1,575.0 billion yen, from 1,733.2 billion in the yearago period, hit by unfavorable foreign exchange rates and lower LCD television sales. The firm said that it took pre-tax restructuring changes of 28.8 billion in the period and an asset impairment charge of 8.6 billion. Sony also said that it has cut its fiscal year sales and profit outlook, primarily to account for further appreciation of the yen, flooding in Thailand, and lower sales in its consumer products and services division as well as its professional, device & solutions segment. It now expects to report a full-year loss of 90 billion compared to a prior forecast for a profit of 60 billion. Sony has warned of a potential $1.15bn full-year loss, after lackluster TV sales, the strong yen and the continued impact of the Thai floods saw the company post another quarter of losses. Sony saw sales amounting to $20.5m [pdf link], down over 9-percent year-on-year, good for an operating
loss of $21m. In total, for Sony shareholders the loss reaches $350m. Sony says it will undergo significant restructuring to attempt to turn around its decline.
Sonys stock performance
Decreasing Market Share Sony Corp on Wednesday cut its annual LCD TV sales forecast by 9 percent to 20 million units from 22 million units. It also cut its compact digital camera sales forecast to 23 million units from 24 million units for the year ending in March. Sony has lost its leadership to Samsung and LG, descending to third place in the global TV market. Samsung accounted for 22% of the world's flatpanel TV shipments in second-quarter 2011, while LG took up 14%. Sony occupied only 11% of the market, the sources said. The sources pointed out that Samsung has dominated the world's major markets. Sony has also been affected by Japan's shrinking TV market, they said. Overall TV shipments to the Japan market may go down to seven million units in 2012 from the estimated 13 million units in 2011.
SmartTV-Content Providing Sony is negotiating with US broadcasters, including NBC Universal, Discovery Communications and News Corporation to provide content. Sony is working on a plan to shake up the way
people watch television, with a service that will pipe TV channels direct to the company's PlayStation consoles, BluRay video players and television sets. More than 18 million US homes have internet-enabled PlayStation 3, and Sony's new mid- and high-end television sets all come with internet connections. The company already offers movie rentals through its devices, but now wants to add whole TV channels.
remains to be seen if Panasonic will begin to phase out from the PDP TV segment starting 2012.
Reorganization-splitting TV business in three parts Sony has decided to split its television business in three as part of a broader strategy on the company's part to turn the ailing division around. According to Reuters, which first reported the news, the three units will be LCD TVs, outsourcing operations, and nextgeneration TVs. The split, which will become official tomorrow, is designed to help the company "make clearer the mission and responsibilities" of the units, a company spokeswoman told Reuters in an interview published today.
Panasonics stock performance
Foxconn Business Hon Hai Precision Industry, the parent company of Foxconn and the largest contract maker of electronics, has just posted its fourth consecutive drop in profits. Foxconn manufactures multiple electronics devices for companies like Apple, Amazon, Dell, HP, Sony, and numerous others. Third-quarter net income dropped 8.6 percent to $641 million, the company revealed, which is a decrease from the $701 million in the same time period in the previous year. Foxconn Electronics (Hon Hai Precision Industry) has announced consolidated revenues of NT$863.29 billion (US$28.58 billion) for the third quarter, up 9.8% sequentially; however, the company's consolidated gross margin declined on quarter to only 7.05% with net profits of NT$19.18 billion and EPS at NT$1.8.
Panasonic Outsourcing to Compal and TPV Compal Electronics and TPV Technology have reportedly landed LCD TV orders from Panasonic for 2012 as the Japan-based branded vendor is increasing its outsourcing of LCD TVs to cut losses at its TV business unit, according to industry sources. Panasonic's total ODM TV orders to Compal and TPV are expected to reach four million units in 2012 and further increase in 2013, the sources estimated. Panasonic also plans to launch high-end 3D LCD TVs in 2012, while reducing the annual production of its PDP TV panels to 7.2 million units, down from 13.2 million units in 2011, the sources indicated. However, it
Foxconns stock performance
Amtrans stock performance
Robots Hon Nai is planning to invest heavily in the robotics area, with US$223 million for a new Research and Development facility and more for a robot manufacturing plant. The company is expecting to gross NT$120 billion (US$4 billion) from robot sales over the next 3-5 years and it has the additional benefit of its own diverse manufacturing facilities becoming its first and biggest customer.
LCD TV Amtran is expected to see its LCD TV shipments increase 12-15% sequentially to 1.25 million in the fourth quarter, buoyed by year-end holiday sales, according to a Chinese-language Commercial Times report.
Wistron Business Taiwan-based EMS provider Wistron expects to ship 36 million notebooks and four million tablet PCs in 2012, increasing by 20% and 300-400% from 2011, according to company chairman and CEO Simon Lin at on October 28 investors conference. However, Wistron expects its shipments of LCD TVs in 2012 to remain at eight million units as estimated for 2011 and will therefore slow down expansion of LCD TV production capacity at its factory in Malaysia, Lin indicated. Wistron will reduce capex in 2011 from US$600 million originally to US$400-450 million and set aside a budget of US$300 million for 2012, with investment to focus on touch technology, tablet PCs and recycling, Lin said.
Amtran Business LCD TV maker Amtran Technology has reported third-quarter revenues of NT$7.71 billion (US$258 million), a 49.5% on-year decrease. Gross margin in the third quarter was 10.43%, slightly lower than the same period in 2010. Net profits were NT$240 million with earnings per share (EPS) of NT$0.29. Amtran indicated shipments are increasing and will peak in November. Amtran anticipates Thanksgiving and Christmas holidays will help bring back demand.
10
CE Market LCD TV market Global shipments of LCD TVs are expected to top 226 million units in 2012, growing 10% from those projected for 2011, according to data compiled by end-market operators. But flat panel players are conservative about the prospects citing the unsteady global economy. Global LCD TV shipments will be only around 200 million units in 2011, 50 million units lower than previous predicted by TV brands. China has become the largest LCD TV market in the world, according to industry sources. Its local brands have been eager to gain bigger share of the pie. China-based TV brands such as Hisense, TCL, Gensys, Haier and Changhong all expect sales of LCD TVs to grow in 2012. Japan-based firms have been affected by the appreciation of the Japanese yen and declining production. Sony has forecast flat TV sales in 2012 while Sharp has lowered its 2012 LCD TV shipment target to 12 million units. But in general, TV vendors are quite optimistic about next year.
Wistrons stock performance
TCL Strategic Agreement with Sampo China-based vendor TCL is expected to sign a strategic alliance agreement with Taiwan-based vendor Sampo for purchases and distribution of each other's products. Sampo is expected to reveal details of the cooperation plans on December 5. TCL is likely to purchase air compressors, refrigerators and other components from Sampo, which in turn may purchase LCD TVs and other household appliances from TCL, according to industry sources. Sampo said its strategy aims to control operating costs and enhance its competitiveness. The company targets to ship 200,000 LCD TVs and 150,000 refrigerators in 2012. TCL shipped a total of 958,000 LCD TVs in October, up 58.4% on year, according to data released by the company. Of the total monthly shipments, overseas sales amounted to 454,000 units, increasing 76.7% from a year earlier.
Black Friday LCD TV prices will fall to their lowest levels of all time this Black Friday, as television manufacturers try to use bargains to revive struggling sales. Black Friday helped to stimulate sales of LCD TVs causing inventory levels to decrease. Coupled with anticipation for sales during the Lunar New Year, panel makers expect December shipments to be flat compared to November.
LED TV According to the latest "Integrated Circuit Market Drivers" report from IC Insights, LED TVs and smart TVs have replaced 3D TV as the 'must have' features when buying TVs during the
TCLs stock performance
11
year. In fact, LED TVs are seen to account 37 percent of global TV shipments, up from 15 percent last year. LED TVs are expected to drive 53 percent of DTV shipments next year. While Korea-based TV makers have begun volume production of direct-type LED-backlit TVs for the entry-level market, fellow Taiwan makers are expected to start shipping comparable models by the end of 2011 or early 2012, according to industry sources. In 2011, edge-type LED-backlit TVs are the mainstream LED TV models, but the hardware specifications for those models are high, resulting in major price differences between CCFL and LED sets, noted the sources. However, the employment of direct-type LEDbacklit technology has brought down LED TV prices, said the sources, adding that the price differences between the mainstream 32-, 40- and 42-inch CCFL and direct-type LED TVs have narrowed to 5%-7% recently. Besides, the CCFL and direct-type LED TVs are now comparable in thickness. The penetration rate of LED TVs in the global TV market reached about 40% in the third quarter of 2011 and the ratio is expected to top 50% in the first quarter of 2012, the sources estimated.
LCD TV sales in China will reach 42.3 million units, up 3.2% from 2010, while total TV sales value will grow 6.6% to CNY165.7 billion, CMM estimated. For 2012, TV sales will grow 2% to 43 million units, with sales value increasing 7% to CNY180 billion, CMM added. 3DTV According to new data from NPD DisplayResearch released last week, shipments of 3D high definition televisions rose to 6.6 million units by the end of September 2011. This constitutes a 27 percent increase over the previous year. The research firm also expects that shipments will shoot up another 30 percent in the fourth quarter and 3D LCD TV market penetration will hit 10 percent of the U.S. market by the end of 2011. That will bring the total number of 3D televisions in U.S. homes to 21.5 million. NPD also predicts that regular high definition television sales will make up less than 80 percent of the market by the end of 2012. Television manufacturers are also producing fewer 2D models and attempting to drive the price down on 3D panels.
Smart TV Demand for smart TVs in the China market may top 18 million units in 2012, accounting for 40% of China's entire TV market, according to an estimate by market research firms in China. Smart TVs accounted of 7.6% of total TV sales in China in January 2011, with the ratio rising to 23.3% as of the end of September, said China-based market research firm China market Monitor (CMM), adding that the ratio is expected to reach 40% in 2012. Sales of LCD TVs totaled 31.36 million units, valued at CNY121.8 billion (US$19.27 billion), in China in the first three quarters of 2011, according to data compiled by CMM. By year-end 2011,
World Largest LCD market China Due to China's long holiday in October, shipments of LCD TVs from the top-six China-based brands increased 47.3% on month in September to 5.205 million units. Hisense, TCL and Genesys all became global top-10 LCD TV brands. Among the top-10 LCD TV brands in the world, Hisense accounted for 4.5% of market share while TCL and Genesys had market share of 4.3% and 3.9% respectively. Genesys had comparable market share as Philips. TCL continued to lead other China-based peers with 24.7% of the domestic market in September. Hisense accounted for 23.3%, while Genesys accounted for 17.2%. LED-backlit TV penetration
12
increased to 53% in September among the top-six TV brands in China. The average penetration reached 44% from January-September of 2011. The penetration rate for 3D TVs was 17% in September. China is now the world's largest LCD TV market.
3DTV Demand in China Most branded TV vendors have adopted aggressive pricing strategies to promote sales of 3D TVs as demand for 3D models is expected to pick up soon on the grounds that the China government will begin trial operations of 3D TV channels starting 2012. Prices of 3D models quoted in November are 50% lower on average than those available earlier in the year, according to industry sources. The China government also encourages consumers to pick up 3D TVs as the government-backed China Central Television (CCTV) will broadcast the London Olympic Games using 3D technology, the sources added.
Hybrid set-top boxes have the ability to decode video sent over the Internet or over two types of networks (such as satellite and terrestrial). In-Stat research forecasts that digital satellite STB unit shipments will grow by nearly 14% in 2012. Turkey will have 95.6% digital TV penetration by 2016, up from 55.3% at end-2010. However, the Turkey digital TV forecasts report states that only 31.6% of homes will pay for TV subscriptions by 2016, up from 21.8% at end-2016. These 6.4 million home will generate pay TV revenues of US$1.2 billion in 2016.
China Money injection China is likely to inject more than 1 trillion yuan ($158 billion) into the money market in the next two months via annual subsidies from the Ministry of Finance, the official China Securities Journal on Monday quoted a research report as saying. The injection will help improve liquidity, which has been impacted by the government's tight monetary policy in place since October last year, the newspaper quoted the report by China International Capital Corp (CICC) as saying.
Taiwan based LCD TV ODMs The ranking of Taiwan-based LCD TV ODMs may undergo a major shift in 2012 due to increased outsourcing from Sony as well as Sonys switching part of its orders from Wistron to Foxconn Electronics, according to industry sources.
STB Market The ABI Research report said in 2010, only 40% of set-top boxes worldwide featured hybrid capabilities, with many not yet enabled by software as operators were not ready to deploy IP video services. Hybrid box penetration will rise above 60% by 2016 as operators look at IP-based video on demand (VOD) and advertising solutions, as well as interactive content.
13
ICT (Information&Communication Technology) Samsung Smartphone Leader Samsung became the new leader in the worldwide smartphone market, with total smartphone shipments topping the 20 million unit mark for the first time in the company's history. As in previous quarters, its Android-powered smartphones drove volumes higher, and joining the product mix was Samsung's refreshed Galaxy S II. In addition, its bada-powered smartphones continued to gain salience in the market, and a new Windows Phone smartphone is expected to launch in 4Q11. Apple
high-end smartphones which were introduced during this year.
Power efficient OLED Display Patents Apple is investigating the use of powerefficient organic light-emitting diode displays for its mobile devices, a technology that could help improve the battery life of iPhones, iPads, and iPod Touches. Using a hybrid OLED display, Apple could get power savings of up to 30 percent in future iPhones and iPads. Such an OLED-based display would also allow Apple to make an ultra-thin iDevice.
Apples stock performance
Samsungs stock performance
HP ARM Based low energy servers Hewlett Packard Co unveiled plans to develop extremely low-energy servers, partnering with companies such as chip designers ARM Holdings Plc and Advanced Micro Devices Inc in a move that could threaten the dominance of Intel Corp.
Table 1. Smartphone Market
LG Smartphones LG Electronics has announced that it will be offering the Android 4.0 upgrade (code named Ice Cream Sandwich) for
14
based systems that merge and analyze data collected from diverse sources such as roads, shipping, energy grids and mass transport.
HPs stock performance
Lenovo Tablets & Smartphones Lenovo unveiled three new tablets and a smartphone for the Chinese market on Tuesday and said it will launch a smart TV product in the first quarter of next year. Lenovo officials announced the smart TV product as the company detailed its strategy for mobile devices. During Tuesday's company-sponsored event, Lenovo showed off the second generation of its line of LePad tablets, which are intended for Chinese consumers.
Hitachis stock performance
Asus Cloud services Asustek Computer, on November 23, launched a new solution Asus Cloud for the private cloud computing market and will also rename its subsidiary, Asus WebStorage, that primarily handles cloud computing business to Asus Cloud.
Lenovos stock performance
Hitachi
Asusteks stock performance
Cloud Services Hitachi plans to aggressively pursue large cloud computing projects and market software that will integrate data from infrastructure across entire cities, it said Thursday. The massive Japanese conglomerate said it will market cloud-
HTC Smartphones HTC Corp warned its sales in the fourth quarter, traditionally a bumper sales season for smartphones, would drop
15
below the previous quarter and analysts' forecasts as the Taiwanese firm struggles to compete against bigger rivals.
Amazon Smartphone Amazon.com Inc may launch its own smartphone in the fourth quarter of 2012, Citigroup said, citing its supplychain channel checks in Asia.
HTCs stock performance
Google Acquisition of Motorola Mobility Shareholders of Motorola Mobility, the smartphone and TV set-top box business spun out of the former Motorola Inc., overwhelmingly approved the Libertyville-based companys $12.5 billion acquisition by web-search giant Google. The Google takeover is expected to be complete in early 2012, subject to government regulators OK. Tablet PC
Amazons stock performance
Amazon is expected to continue to release the 7-inch Kindle Fire till the second quarter of 2012 and may then launch 8.9- and 10.1-inch models later on, assuring continued panel orders for CPT, the sources.
Cisco Smart City Cisco is acquiring a minority stake in a subsidiary of KT, a South Korean telecommunications services company, which will offer managed services for smart buildings and smart city projects from January. The investment in KC Smart Service (KCSS) is part of a global strategic collaboration between the two companies to bridge the IT and communications markets, Cisco said on Monday. The new venture will be funded with starting capital of US$30 million from KT and Cisco. KT will be in charge of the overall management of the operations of the new company which will be headquartered in Korea.
Googles stock performance
Google TV software update Google has released a software update for its TV platform.
16
Foxconn Cloud services The Foxconn Group will start construction of two buildings at the Kaohsiung Software Park in southern Taiwan on December 1, according to industry sources. The buildings will house three centers: a cloud computing center to be equipped with an internally developed container data center; a software development center focusing on cloud computing, digital content, security monitoring, and environmental protection; and a technological innovation incubation center, the sources indicated. The two buildings will be on a site of 1.85 hectares (4.57 acres) and the total estimated investment is more than NT$1.9 billion (US$63.3 million), the sources indicated. Foxconn plans to employ 3,000 software engineers for the three centers in five years, the sources noted. Foxconn will launch Popo Cloud, selfdeveloped and operated personal cloud computing services for handsets, tablet PCs, notebooks and other terminal devices with differing operating systems, in the China market, according to industry sources.
Ciscos stock performance
Nokia Siemens Cost Cutting Nokia Siemens Networks, the unprofitable telephone-equipment venture of Nokia Oyj and Siemens AG, will eliminate 17,000 jobs worldwide in its biggest cull to narrow the gap with market leader Ericsson AB. The reduction, equivalent to about 23 percent of its workforce, will be completed by the end of 2013, when Nokia Siemens aims to cut 1 billion euros ($1.3 billion) in annual operating expenses and production costs. Nokia Siemens will focus on mobile broadband and services, and aims to divest or manage for value units that arent central to its plans, Espoo, Finland-based Nokia said today.
Wistron Ultrabooks Wistron plans to cooperate with a chassis player, which will be the company's third chassis partner, in the first quarter of 2012 to establish a joint venture to develop a new chassis material for ultrabooks, according to a Chinese-language Apple Daily report citing Robert Hwang, president of Wistron.
Microwave technology Canadian telecom network equipment maker DragonWave Inc will buy microwave technology business of Nokia Siemens Networks in a deal potentially worth up to 110 million euros.
Wimax Technology Struggling mobile telecom gear venture Nokia Siemens Networks said it had agreed to sell a unit working on a niche WiMax technology to private-equity backed NewNet Communication Technologies.
17
quarter and lower than 2Q11 growth of 66.7 percent. The largest Smartphone Market :China China has overtaken the United States to become the world's largest smartphone market by volume although the US still leads in terms of revenue, a market research firm says. Strategy Analytics said that smartphone shipments hit 24 million units in China during the third quarter of the year compared to 23 million units in the United States.
Wistrons stock performance
SAP Cloud based acquisition SAP America said that it is paying US$3.4 billion in cash to acquire SuccessFactors, a provider of cloudbased human capital management tools.
Mobile eBook sales Juniper Research released a new report on mobile eBook sales, which it forecasts to reach close to $10 billion ($9.7b) by 2016, up from $3.2 billion this year. Juniper Research says the increasing demand for tablets means that such devices will account for nearly 30 percent of all eBook downloads by 2016.
Cloud Computing IT research firm Forrester has forecast the global cloud computing market will grow to $241 billion in 2020 from $41 billion this year. Global cloud computing traffic is expected to grow 12-fold from 130 exabytes to reach a total of 1.6 zettabytes annually by 2015 a 66% compound annual growth rate according to Cisco's Global Cloud Index. 1.6 zettabytes is approximately equivalent to 22 trillion hours of streaming music; 5 trillion hours of business Web conferencing with a webcam; 1.6 trillion hours of online high-definition (HD) video streaming.
SAPs stock performance
ICT Market Smartphone Market IDC said the smartphone market grew 42.6 percent YoY in the third quarter of 2011 despite slowdown within key mature markets. IDC also reported in its Worldwide Quarterly Mobile Phone Tracker that vendors shipped 118.1 million units in 3Q11 compared to 82.8 million units in the 3Q10. However, the 42.6 percent growth was lower than IDC's forecast of 49.1 percent for the
18
2010 over 2009, telecom service provider revenue will grow 7.6% in 2011, to US$1.86 trillion. Telecom carrier revenue is forecast by Infonetics to grow to US$2.17 trillion in 2015, driven by mobile broadband. Infonetics expects global telecom carrier capex to total $310.8 billion in 2011, up 5.8% over 2010. Dropping Wireless Mice Prices
Table 2. Cloud computing data traffic
A Taiwanese firm considered the world's largest contract electronics maker is planning to set up a cloudbased technology center to enter the software development market. Taiwan's Central News Agency cited government sources who said Hon Hai plans to build the technology center in the Kaohsiung area. CNA said Hon Hai, also known as Foxconn Technology Group, will invest NT$1.9 billion ($62.3 million) to build the cloud technology center and a software research and development site in the Kaohsiung Software Technology Park.
With the price of wireless mice dropping from more than NT$1,000 (US$33) previously to around NT$400500, the penetration of wireless models is expected to increase to 40% in 2012, up from 30-35% currently, according to sources from accessory players.
Cutting power consumption for smart phones Researchers at Aalto University in Finland have designed a network proxy that can cut the power consumption of 3G smart phones up to 74 percent. This device enhances performance and significantly reduces power usage by serving as a middleman for mobile devices to connect to the Internet and handling the majority of the data transfer for the smart phone.
Security The $60 billion global computer security industry has become a hot sector for a range of investors, including mainstream IT companies, aerospace, defence giants and private equity, a PricewaterhouseCoopers (PwC) analysis has reported. "Growing threats and awareness, and changes in technology such as mobile devices and cloud computing are key drivers of spending growth in the cyber security market," said PwC's Barry Jaber.
Telecom Services Revenues In the 10 years from 2005 to 2015, telecom service provider revenue has shown and will continue to show yearover-year growth every year except in 2009. Following a 4.1% increase in 19
Flat Panel Industry LG Display OLED Display LG Display is reportedly developing white-light OLED panels with volume production slated for 2012, revealed the sources, adding that LG Display is also developing a high-speed drive system together with the white-light OLED panels. LG Display will also focus on the development of large-size OLED panels, according to industry watchers.
head of the TV division, will take over from Kwon Young-soo, who will move to LG Chem Ltd to lead the company's rechargeable battery business.
Samsung OLED Display Samsung Electronics and LG Display reportedly plan to produce OLED panels from 8.5G lines in 2012, according to industry sources. Weak demand for LCD TVs in the consumer market has forced Korea flat panel makers to channel more resources to the development of new technologies and products, including AMOLED products, indicated the sources.
Next Generation Panels for Apple Samsung Electronics, LG Display and Sharp reportedly shipped a total of one million units of high-resolution flat panels for next-generation iPads to Apple in October and will ramp up shipments to two million units in November, according to industry sources.
LG Displays stock performance
Suspending of cooperation agreeement E Ink Holdings (EIH) will suspend a cooperation agreement it signed with LG Display for the production of FFS (fringe field switching) LCD panels and will buy back a sum of corporate bonds (CBs) issued by its Korea-based subsidiary Hydis Technologies from LG Display, according to EIH.
Sharp iPhone & iPad Displays Apple Inc. is shifting production of iPhone and iPad displays to Sharp Corp. and may introduce a television with screens from the same partner as early as the middle of 2012, Jefferies & Co. said. Apple is moving its business to Sharp in Japan largely at the expense of Samsung Electronics Co., a growing rival in smartphones and tablets, said Peter Misek, a New York-based analyst at Jefferies.
New organization South Korea's LG Display Co Ltd said on Friday that its head of TV business will take over as chief executive in 2012 in a surprise announcement as the flatscreen maker struggles with mounting losses and weak demand.Han Sangbeom, executive vice-president and
20
compares with the company's previous forecast for a net profit of 30 billion yen in the year to March 2012 and last year's net profit of 74 billion yen. It slashed its estimate for annual TV sales to 19 million sets from 25 million. Acquisition of small and mid-size LCD
Sharps stock performance
Sony Withdrawing from S-LCD Panel production Sony Corp. is in talks to terminate its joint venture with South Korea's Samsung Electronics Co. for the production of liquid crystal displays for televisions, sources said Sunday. Sony, which owns around half of the South Korea-based S-LCD Corp., aims to sell its shareholding to Samsung, according to the sources. Sony is reportedly considering withdrawing from S-LCD, a joint venture set up by Samsung Electronics and the Japan-vendor, due to Sony's mounting losses in the TV segment. Large-size LCD panel makers such as AU Optronics (AUO) and Chimei Innolux (CMI) would benefit the most if Sony gave up its stake in S-LCD, industry sources said. INCJ
A public-private fund that will acquire the small- and midsize-LCD operations of Toshiba Corp , Hitachi Ltd and Sony Corp will also buy a Panasonic Corp factory for about 20 billion yen ($255.5 million), Japanese business daily The Nikkei said. The Innovation Network Corp of Japan has already announced plans to combine the LCD businesses of the three companies under a single operation. The new company, to be owned 70 percent by the fund, is expected to be set up by next April, the daily said. Though the Panasonic factory in Chiba Prefecture in Japan is meant for producing larger LCD panels for televisions, buying it will help the new firm boost production and save on capital investment costs, the business daily said. The new firm will invest about 100 billion yen ($1.28 billion) to convert the Panasonic TV-LCD unit into a plant for producing small and midsize LCDs meant for phones and tablets, Nikkei said. The factory will begin producing LCD panels for smartphones and tablets in the fall of 2012, the daily said.
Panasonic Lossing in panel business Japanese electronics maker Panasonic Corp said on Monday it will book an impairment loss on its liquid crystal panel factory at Himeji in western Japan. Panasonic slashed its annual outlook to a $5.5 billion net loss, its worst in a decade, as restructuring costs soared and weak demand in the United States and Europe eroded income. The 420 billion yen loss, which would be its second-biggest loss ever,
Consolidation in Japan Innovation Network Corporation of Japan (INCJ), Hitachi Ltd. (Hitachi), Sony Corporation (Sony) and Toshiba Corporation (Toshiba) announced today that they have signed definitive agreements to integrate their smalland medium-sized display businesses in a new company to be established and operated by INCJ, which is planned to be named Japan Display Inc. (Japan Display).
21
AUO Business AU Optronics Corp., Taiwans secondlargest maker of liquid-crystal displays, posted its fourth- consecutive loss as prices dropped. Third-quarter net loss was NT$15.8 billion ($525 million), the largest in 10 quarters, compared with a profit of NT$227 million a year earlier. The average of 18 analyst estimates compiled by Bloomberg was for a loss of NT$5.55 billion. AU Optronics Corp. ("AUO" or the "Company") (TAIEX: 2409; NYSE: AUO) today announced its preliminary consolidated October 2011 revenue of NT$31,210 million, down by 5.2% month-over-month and 11.2% yearover-year. For October 2011, largesized panel(a) shipments, with applications on desktop monitor, notebook PC, LCD TV and other applications, exceeded 9.03 million units, down by 8.6% from the previous month. As for small-and-medium-sized panels, the shipments were around 16.49 million units, down by 11.9% month-over-month. AUO has no plans to ramp up its capacity in 2012 and will also place stringent controls on its capex and operating expenses for the year, Lee said. AUO will lower to its capex for 2012 to below NT$40 billion (US$1.36 billion), the company said earlier.
New LCD Panels AU Optronics (AUO) and Chimei Innolux (CMI) are expected to release 39- and 50-inch LCD TV panels at the end of 2011 or in early 2012 following the successful launch of 43- and 48inch TV panels by Samsung Electronics in the third quarter of 2011, according to industry sources. The 39-inch panels will be offered at a price range comparable to that for 37-inch models, therefore attracting TV vendors to take on the products, stated the sources, adding that the 50-inch panels are likely to be available at US$340-420, much cheaper than the US$490-570 quoted for 55-inch panels. The production of 39- and 50-inch panels will help AUO and CMI ramp up capacity utilization rates at their 6G and 7.5G production lines, indicated the sources.
Ultrabook Panels Acer and Asustek Computer have been working with panel makers AU Optronics (AUO) and Chimei Innolux (CMI) separately to develop a new generation of full HD notebook panels with a resolution of 1,920x1,080, according to industry sources. Apple's plan to introduce its next-generation iPads with the high-resolution Retina displays (2,048x1,536) in early 2012 will push the market to opt for highresolution models, forcing branded notebook vendors to upgrade their products, said the sources. Acer and Asustek are expected to release ultrabook models with new panels in January-February 2012 at the earliest, added the sources.
Pay-cut program for top executives

AUOs stock performance
AU Optronics (AUO) has announced a pay-cut program for its top executives as part of its cost-reduction plan to cope with the prolonged slump in the LCD panel industry. A total of 16 top
22
executives will take a 15% cut of their monthly salaries, effectively immediately. AUO chairman KY Lee is also subject to the pay-cut program, but the reduction ratio for him is not known, according to a Chineselanguage Commercial Times report. Based on AUO's financial report, the 15% pay-cut will save NT$8.12 million (US$270,000) in personnel cost for the company in 2011. Touchscreen Panels AU Optronics (AUO) will start volume production of 27-inch OGS (one glass solution) touch panels soon, targeting the large-size touch panel solution market in the all-in-one (AIO) PC, telematics and electronic signage sectors, according to industry sources.
production of LCD TFT panels and touch-screen panels, the sources revealed. Touch Panels A Tianjin-based subsidiary of Foxconn Electronics (Hon Hai Precision Industry) is exhibiting its carbon nanotube (CNT) touch panels at the 2011 China Hi-Tech Fair (CHTF) currently being held in Shenzhen, southern China. CNT films are used in the production of touch panels in place of ITO films. The use of the CNT films can decrease production costs of touch panels by 10-20% compared to ITO films and also shorten time to market for customers, according to representatives of the Foxconn subsidiary.
CMI Business LCD panel maker Chimei Innolux (CMI) is still negotiating with a banking consortium for the arrangement of a syndicated loan of up to NT$40 billion (US$1.33 billion) in order to improve its financial structure, according to the company.
Suspending the touch screen project Foxconn in early 2011 decided to invest US$25 million to set up touch screen production lines for tablet PCs at leased factory buildings in Dongguan, southern China, but has suspended the project. Foxconn has not explained the suspension and also did not make any response when asked for comment. Foxconn originally planned to rent 100,000 square meters of factory space in Dongguan to produce small-size touch screens for tablet PCs and monitors. The company set aside US$10 million as provisional capital and US$25 million to fund for the firstphase investment. The new plants were originally expected to provide about 3,000 job opportunities and contribute an annual production value of US$100 million.
Evaluating the flat panel plant in Brazil LCD panel maker Chimei Innolux (CMI) has said it is evaluating the possibility of setting up a flat panel plant in Brazil and will map out the investment project considering its current financial pressure. CMI is responding to a request from parent company Foxconn Electronics (Hon Hai Precision Industry) for a feasibility study, according to industry sources, who added that Foxconn reportedly plans to establish a complete production base in Brazil with a total capital of US$12 billion. About US$8 billion out of Foxconn's total projected investments in Brazil will be used to build up facilities for the
8.5G LCD panel production in Brazil Rumors about the Foxconn Group setting up an LCD panel supply chain in Brazil have been in air for some time and the latest market speculations indicate that Foxconn plans to build an 8.5G LCD panel production line in Brazil, employing advanced panel 23
manufacturing technology from Sharp. Foxconn may also purchase existing production equipment from Sharp or Chimei Innolux (CMI), according to industry sources. Due to concerns about technology, capital, taxation as well as market conditions, Foxconn is unlikely to finalize its investment plans in Brazil until 2012, the sources commented. MEMS Display Pixtronix Inc., a developer and licensor of display technologies, and Chimei Innolux Corp. (CMI), a leading TFT-LCD manufacturer, have announced the successful joint development of 5-inch diagonal MEMS display prototypes.
CPT Tablet PC Panels Chunghwa Picture Tubes (CPT) has beaten Chimei Innolux (CMI) to become the largest Taiwan-based supplier of tablet PC panels thanks to orders from Amazon for its 7-inch Kindle Fire, according to industry sources. CPT's shipments of table PC panels to Amazon have reached 500,000 units a month, the sources estimated.
Panel Market Large Size Panel Shipments DisplaySearch estimates are based on panel makers' shipment targets in fourth-quarter 2011, which can be concluded that 209 million units of LCD TV panels will be shipped in 2011, 5% less than the 220.8 million units shipped during 2010. This would make 2011 the first year that LCD TV panel shipments have experienced decreases. Shipments of large-size TFT LCD panels were 185.5 million units in third-quarter 2011, flat compared to the previous quarter. However, the figure shows an increase of 12% on year. Revenues reached US$19.2 billion, down 2% on quarter and 11% on year, according to the DisplaySearch. Panel makers are targeting a very modest 2% growth in shipments for fourth-quarter 2011, as downstream manufacturers and brands are expected to prepare for the holiday season. Revenues are not expected to grow because there are no signs of rebound for panel prices.
Healthcare devices Branded LCD TV/monitor vendor Chimei has expanded its product lines to include LED lighting and Blu-ray players, and is evaluating the possibility of also venturing into healthcare devices such as air cleaners and sterilizers, according to industry sources.
BOE Business China Electronics Corporation (CEC) is mulling the possibility to acquiring debt-laden LCD panel maker BOE Technology, according to media reports in China. BOE has incurred debts of over CNY8 billion (US$1.26 billion) over the past six years, with losses expected to continue widening due to the inauguration of its new 8G production line.
Acquisition LCD panel operation by INCJ A public-private fund that will acquire the small- and midsize-LCD operations of Toshiba Corp , Hitachi Ltd and Sony Corp will also buy a Panasonic Corp factory for about 20 billion yen ($255.5 million), Japanese business daily The Nikkei said. The Innovation Network
24
Corp of Japan has already announced plans to combine the LCD businesses of the three companies under a single operation. The new company, to be owned 70 percent by the fund, is expected to be set up by next April, the daily said. Taiwanese government and panel makers Taiwan's minister of the Council for Economic Planning and Development (CEPD) Christina Liu has met with top executives of AU Optronics (AUO) and Chimei Innolux (CMI) recently, raising speculations that the government is intended to steer for a merger or integration of the two LCD panel makers. The government's intention seems reasonable as the two panel makers have been operating in red for four or five straight quarters, forcing the two companies to face with mounting debts. Both panel makers are willing to hold talks for possible cooperation, Liu said after the meeting, adding that the cooperation dicussion can cover issues ranging from capacity, technology, patents to marketing.
largest fine at 97.2 billion won. The three LG units collectively received a 65.5 billion won fine, followed by AU Optronics at 28.5 billion won. Price declining An unusually large decline of nearly 5 percent in the pricing of TV panels caused by anemic demand helped drive down overall prices of large-sized liquid crystal display (LCD) panels in September by the highest margin in a year, according to an IHS iSuppli LCD report. The 4.9-percent contraction in LCD TV panel pricing was the steepest in at least 12 months, and also was the second straight month of decline greater than 4 percent.
Price fixing fines South Korea's competition watchdog has fined 10 LCD makers a total of 195 billion won ($176 million) for allegedly holding secret meetings to keep the prices for flat screen displays artificially high.The 10 companies, which collectively held 80 percent market share for LCD screens, held more than 200 secret "crystal meetings" between 2001 and 2006, according to an investigator for the Fair Trade Commission in Seoul. He said prices should have fallen naturally over time. The companies are Samsung Japan, Samsung Electronics, Samsung Electronics Taiwan, LG Display, LG Display Taiwan, LG Display Japan, AU Optronics, Chimei Innolux Display, Chungwha Picture Tubes and HannStar Display. Samsung Electronics along with its associated companies in Taiwan and Japan were hit with the
Table 3.Percentage Changes of Large Sized LCD Panels
According to the latest report from IHS Inc., poor demand for LCD panels has resulted in a price dropping by about five percent in September. The report added that the 4.9 percent plunge in LCD TV panel price was the steepest in a year, and was the second straight month of decline greater than four percent. In August, LCD TV panel pricing fell 4.3 percent following dips averaging less than one percent in the past four months. For an even bigger drop than that in September, one would have to go back to the same time last year when LCD TV panel prices fell 5.2 percent. The price reductions on TV panels were continuing in October as the end of the year neared.
25
Prices of certain sizes of large-size LCD panels are likely to bottom out soon due to an influx of short lead-time orders, according to KY Lee, chairman of AU Optronics (AUO). However, Lee stated that the business outlook for the panel industry in 2012 remains unclear. Sales of LCD TVs during the 2011 Black Friday shopping weekend in North America were pretty much amazing, pushing up demand for flat panels, Lee noted, adding that prices of certain sizes of monitor and TV panels have been raised accordingly.
LCD TV inventory Overstocked inventory of LCD TV panels in 2011 has been causing panel firms tremendous pressure. Market watchers estimate global shipments of LCD TV panels will show a decrease compared with the figure in 2010. However, the market watchers also estimate conditions will turn around in 2012. Due to backlogs, panel prices and utilization rates have been decreasing continuously. According to research institutes, total shipments of LCD TV panels from Taiwan, Japan, South Korea, and China in 2011 should be around 207.8 million units, a 6% decrease compared to 220 million units in 2010. Firms have been setting shipment goals for 2012 and expect the market to rebound. According to industry sources, total shipment targets from firms in Taiwan, Japan, South Korea and China for 2012 will be around 247.3 million units.
capacities during the quarter, according to industry sources. Over the past few months, TFT LCD panel makers have been controlling production to minimize inventories and reduce losses. Despite this, according to DisplaySearch, October loading rates experienced an increase to 75% from 68% in September. Although the average utilization rate of panel makers in October increased to 75% from 68% in September, the increase was due to increases at South Korea-based panel firms, which are around 84-85%. LG Display and Samsung Electronics both have been increasing shipments to the China market and expect shipments to increase further in November and December. Taiwan-based panel makers also increased October capacity utilization rates. However, the average was around 65%. Market watchers expect Taiwan-based makers to continue operating at around 65% in the fourth quarter. The increased utilization rates of South Korea-based firms were because the firms have own-brand businesses. Without strong brand support, Taiwan-based makers face more difficulty increasing utilization rates. Research institutes predict the global utilization rate in November to drop to 74% and by December, the figure is likely to drop to 72%. Shipments hit a climax in October for LCD TV panels, hence shipments in November are likely to drop 2%.
3D LCD TV panel Shipments of 3D LCD TV panels reached 6.6 million units in the third quarter of 2011, accounting for 27 percent growth quarter over quarter, according to a report from NPD DisplaySearch. The pattern retarder type and shutter glass type are growing by 34 percent and 23 percent, respectively. According to NPD DisplaySearch estimates based on panel makers shipment targets, 3D LCD TV panel shipments will reach 21.5
Capacity Utilization Rates Korea-based flat panel makers Samsung Electronics and LG Display will ramp up their capacity utilization rates to 80-85% in the fourth quarter to meet year-end holiday demand, while Taiwan-based rivals AU Optronics (AUO) and Chimei Innolux (CMI) are expected to run at 70-75% of their
26
million units in 2011, with 3D penetration in LCD TV panels of 10 percent (4 percent pattern retarder type and 6 percent shutter glass type). Furthermore, with the launch of a series of newly developed low-cost 3D solutions, panel makers are targeting 20 percent 3D penetration in LCD TV panels by Q3 2012.
Components negotiations A trade mission consisting of Taiwanbased makers of flat panels and flat panel components will leave for China on November 18 aiming to purchase optical films, IC parts, and parts and components for touch panels.
Small to medium size flat panel Most small- to medium-size flat panel production lines at Taiwan-based LCD panel makers are operating nearly at full capacity due to strong demand for small- and medium-size panels from the tablet PC, digital toy, e-book reader, smartphone and DSC sectors, according to industry sources.
Value-Added small to medium flat panels Competition in the small-size flat panel market is also expected to heat up starting from 2012 as four Japan-based companies - Innovation Network Corporation of Japan (INCJ), Hitachi, Sony and Toshiba - have decided to a set up a new company focusing on the development and production of high value-added small- to medium-size flat panels, the sources commented.
Vechicle Displays As a result, shipments of vehicle displays are expected to grow by a CAGR of 18.9% during the period from 2011-2014, said Digitimes Research, adding that shipments of high-end panels for the automotive OEM market are likely to post an even higher CAGR of 24.8% during the period. Taiwanbased panel makers, like Korea-based counterparts, are latecomers to the vehicle display market, and therefore, are expected enjoy a high CAGR of 28.3% in the automotive OEM market from 2011-2014 aided by a low comparative base, said Digitimes Research. 27
Semiconductor Industry Intel Moving to mobile device market Intel said it would invest US$100 million in companies developing software and services for mobile device and PCs, a move to improve the chip maker's presence in the mobile device market.
Mediatek Wi-Fi chip solutions MediaTek Inc., a leading fabless semiconductor company for wireless communications and digital multimedia solutions, today announced its most advanced Wi-Fi chip designed to enable internet access and peer-to-peer multimedia sharing with smallest footprints and longest battery life for mobile and portable devices. The MediaTek MT5931 integrates 802.11n Wi-Fi MAC, baseband, radio, embedded CPU, and power management unit in a single chip with extremely compact size and power efficiencies, making it the best solution to meet growing highspeed connectivity demands among a wide range of mobile or portable devices.
Intels stock performance
TV e-commerce TV e-commerce company Delivery Agent has raised $35.5 million in new funding led by Intel Capital with strategic investors, Liberty Global, and Grazia Equity participating. The Series E raise includes re-investment from all current investors, including Bessemer Venture Partners, bringing total funding to date to $107.3 million.
Mediateks stock performance
Partnership with Facebook MediaTek Inc., a leading fabless semiconductor company for wireless communications and digital multimedia solutions, and Facebook today announced a global partnership that will see Facebook embedded into MediaTek's mobile platform solutions, enabling users in emerging markets to access Facebook, many for the first time, via affordable mobile devices.
In-Car System with Toyota Toyota and Intel are to co-operate on the development of next-generation incar systems.
28
Mstar TV Video Processor Market Leader According to the latest report from iSuppli, MStar Semiconductor Inc. and MediaTek Inc. own the top two slots in the global TV video processor market with a combined 45.3 percent share in 1Q11. The data validates the shift away from the Western market to Asia.
its advanced System-on-a-Chip (SoC) solutions.
Cellular Phone Taiwan-based IC design house MStar Semiconductor will begin to tape out 3.75G handset solutions supporting TDSCDMA and CDMA technologies soon with end market devices to hit the market in the first quarter of 2012, according to company chairman Wayne Liang.
Freescale Medical Devices Freescale Semiconductor announced a Windows-ready medical reference platform for devices that can collect and securely share health data. The Freescale home health hub (HHH) reference platform is built around Freescale's ARM9-based i.MX28 processor, integrating ZigBee and sub1GHz transceivers as well as Ethernet, USB, Wi-Fi, Bluetooth, and Bluetooth Low Energy connectivity, says the company.
Mstars stock performance
HbbTV solutions MStar Semiconductor has announced its HbbTV (hybrid broadcast broadband TV) solution has been selected for Toshiba's new TL and RL smart TV series, which are being released across Europe. MStar expects demand for TV chips to pick up in developed markets in 2012, and regards solutions for smart TVs as a new growth engine. Meanwhile, TV-solution demand in emerging markets will see continued growth in 2012, company chairman Wayne Liang said previously.
Choosing file systems Tuxera Inc., the leading provider of Windows and Mac compatible file systems for Android, Linux and other platforms, today announced that MStar Semiconductor, Inc., a global leader in Set-Top Box chipsets, has selected Tuxera's interoperable file systems for Hynix
Freescales stock performance
Acquisition
SK Telecom Co. has agreed to buy a controlling stake in Hynix Semiconductor Inc. for $3.05 billion. The deal that is expected to close by 29
1Q12 will allow the wireless operator to diversify into a new area. The mobile carrier said it will buy 101.85 million new Hynix shares, a 14.7 percent stake at $20.37 each. SK Telecom also noted a purchase of 44.25 million existing shares, a 6.4 percent stake for a total of 21.1 percent.
according to industry sources. Driver IC demand for large-size applications has been sluggish while that for small- to medium-size ones is slowing down. Viewing that demand coming from the LCD TV, monitor and notebook sectors would stay weak, driver IC firms had been strengthening their deployment in products for small- to medium-size panels since the beginning of 2011. But towards the end of the year, demand for small- to medium-size applications including smartphones is decelerating, the sources indicated. Falling demand has therefore dragged down product ASPs, the sources said.
Taiwan Based Component Suppliers

Hynixs stock performance
Western Digital Storage Industry Acquisition of Hitachi HDD Business Western Digital has secured conditional approval from the European Union's competition regulator to purchase Hitachi's hard disk drive business for $4.3 billion, after it agreed to sell several production operations.
As the global economic downturn persists, upstream component suppliers are reportedly seeing their orders from Apple dropping which should impact Foxconn Electronics' (Hon Hai Precision Industry's) performance in the fourth quarter, according to market watchers. Foxconn did not respond when asked for comment. With several Taiwanbased upstream component suppliers seeing their revenues drop by 10-20% on month in October due to the loss of orders, the market watchers believe Apple's order reductions will affect Foxconn's revenue performance.
GPS The total GPS market is expected to reach $26.67 billion by 2016 at a CAGR of 23.7% from 2011 to 2016.
Acquisition of MEMS Fabs

Western Digitals stock performance
IC Market Diversifying of Taiwan LCD IC Designers Taiwan-based LCD driver IC design houses have moved to diversify their product portfolios to mitigate the impact of stagnant panel demand,
Innovative Solutions Bulgaria Ltd. today announced the acquisition of Bulgarias largest MEMS fab, which is located in the north of Sofia and has been newly built and equipped in 2004. This new facility provides Innovative Solutions Bulgaria, manufacturer of the BudgetSensors line of AFM probes and AFM calibration standards, with the
30
much needed space for the expansion of its production capacity.The acquisition of the new fab will be formally completed until the end of 2011.
Software Industry Microsoft NDA agreement with Yahoo (Acquisition)
Organic Electronics Market GIA announces the release of a comprehensive global report on Organic Electronics markets. Global Organic Electronics market is forecast to reach US$32.8 billion by 2017, driven by increasing gamut of applications in conventional and niche end-use areas. Newer and expanding areas of application ranging from wide area displays and RFID Tags to Memory are pushing the growth frontiers. The technology, which had for long been mainly restricted to R&D labs, is now making an open, exciting foray into real-time commercial applications. In future, rapid technological advancements, expansion in end-use value chain, and low fabrication costs, will prompt higher demand and long-term success.
Microsoft is officially kicking the tires at Yahoo again, three years after it failed to buy control of the company. The software giant has signed a confidentiality agreement with Yahoo, according to a person briefed on the move, joining other potential bidders like the private equity firms Silver Lake and TPG Capital. Behind the broad interest in Yahoo is what investors believe is a trove of riches that could be unlocked by providing stronger management.
Microsoft stock performance
Kinect technology for TV manufacturers Next-gen television sets may have integrated Kinect motion-sensing technology. According to The Daily, sources familiar with the situation claim that Microsoft is considering licensing the technology to TV manufacturers. Specifically, the software giant is already in the early stages of licensing Kinect to manufacturers such as Vizio and Sony.
31
Adobe Flash Adobe announced plans to stop investing in Flash for mobile browsing, neatly upending the tablet market.
Service Industry Turkcell Business Turkish mobile operator Turkcell's net profit dipped 3.4 percent year-on-year to 537 million lira ($302 million), but sharply exceeded a poll forecast of 410 million lira, boosted by its highest ever quarterly revenue.
Adobes stock performance
Turkcells stock performance
Vivendi Acquisition of EMI Group Vivendi, the French media and telecommunications company, has agreed to acquire the recorded music division of the EMI Group for 1.2 billion pounds, or about $1.9 billion.
Vivendis stock performance
32
Acquisition of Bollore Groups free to air channels French pay TV group Canal Plus officially expanded its media empire into digital territory on Friday with the acquisition of the Bollore Groups freeto-air channels. The Vivendi-owned Canal Plus signed a definitive agreement to buy and run Bollores Direct 8 and Direct Star and its ad sales division. The move is part of a two-step agreement that also gives Canal Plus the option to acquire everything at one time in exchange for 22.4 million Vivendi shares. The agreement values the channels at 465 million ($645 million). The deal still needs to be approved by French competition and media authorities.
Hospitality Industry Acentic Interactive Hotel TV Acentic, a leading supplier of broadband systems and digital interactive TV (iTV) for the hotel industry, has announced that it has joined Hotel Technology Next Generation (HTNG), a global trade association dedicated to enhancing the deployment of technology in hotels. Acentic intends to support HTNG in moving the complex ecosystem of the hotel industry into a more formalised approach to technology integration.
Service Market Global pay TV market The global pay TV market, including telco IPTV, cable and satellite video services, totaled $125 billion in the first half of 2011 (1H11) and is forecast by Infonetics Research to grow to $353 billion by 2015. Most of the future growth in the pay TV market will come from satellite video and telco IPTV services. The US broadcasting & cable TV market had total revenues of $131.9 billion in 2010, representing a compound annual growth rate (CAGR) of 1.3% between 2006 and 2010. TV advertising sales proved the most lucrative for the US broadcasting & cable TV market in 2010, with total revenues of $66.9 billion, equivalent to 50.8% of the market's overall value. The performance of the market is forecast to accelerate, with an anticipated CAGR of 2.9% for the five-year period 2010 2015, which is expected to drive the market to a value of $152.3 billion by the end of 2015.
33
Payment Industry Verifone Acquisition of Mobile retail solutions VeriFone Systems, Inc. (NYSE: PAY), today announced it has acquired Global Bay Mobile Technologies, a leading provider of next-generation mobile retail solutions. The acquisition is the latest development in VeriFones strategy to bring the power of mobile into the world of retail and payments, extending new smartphone - and tablet-based shopping and payment experiences to retail organizations. Terms of the transaction, which closed effective today, were not disclosed.
Payment processing solutions provider VeriFone said today it has agreed to acquire Point, Northern Europe's largest provider of payment and gateway services and solutions, for 600 million euros plus the retirement of 170 million euros in debt.
Business VeriFone Systems Inc. (PAY) announced that it expects fourth quarter Non-GAAP net revenues in the range of $414 million to $416 million. GAAP net revenues are estimated to be in the range of $409 million to $411 million. On average, nine analysts polled by Thomson Reuters expect to report revenue of $401.95 million for the quarter. Analysts' estimates typically exclude one-time items.
Mastercard Mobile Payment Norwich-based Proxama has teamed up with MasterCard to produce a kit to demostrate how its "mobile wallet" technology Works. The venture between the two sides has seen the production of a kit which will enable organisations to see for themselves how the technology which allows customers to pay for goods using their mobile phones using so-called NFC (near field communications) technology, actually works. The MasterCard NFC mobile contactless payment reference kit, was launched yesterday at the Cartes conference.
Verifones stock performance
Acquisition of Point VeriFone Systems, Inc., recently announced it has signed a definitive agreement with Nordic Capital Fund V ("Nordic Capital") to acquire Point, Northern Europe's largest provider of payment and gateway services and solutions for retailers. VeriFone intends to extend the Point platform throughout the region and beyond, with the aim of creating the world's largest infrastructure for rapid deployment of alternative payments. VeriFone Systems, the largest maker of credit card terminals, obtained a $1.6 billion financing commitment to support its purchase of Swedish payment services provider, Point.
Mastercards stock performance
34
Visa Mobile Payment Visa Inc. (NYSE: V) today announced a significant step to bringing access to secure financial services and electronic payments to consumers in developing countries by introducing a new product serving the needs of unbanked and under-banked consumers. The new product, a Visa prepaid account that can be accessed through a mobile phone, offers consumers in developing countries a secure, reliable, globally interoperable electronic payment account.
(Sky) in the UK. MPP has been the preferred provider of eCommerce payment gateways and content entitlement for the past six years for Sky across a series of its digital services, including Sky Go, which delivers TV services to PC, Mac, games consoles, iPads and iPhones.With this announcement Sky have confirmed that they have reselected MPP to continue to provide their award winning payment solutions across the UK.
Google Electronic Payment Google is merging its Checkout and Wallet electronic payment services to consolidate them into a single product that works both on Web browsers and mobile devices. The company is also in the process of making Wallet the payment tool on Android Market, YouTube, Google+ Games, and other Google sites where e-commerce transactions occur.
Visas stock performance
Samsung PayPal NFC Acquisition of Mobile retail solutions PayPal, the eBay-owned online payment system, is expanding its presence in Asia by opening a new global operations centre here, where it plans to hire as many as 500 people by the end of 2013. PayPal has more than 103 million active accounts in 190 markets and 25 currencies around the world that enable e-commerce transactions. Samsung Electronics has announced its new system-in-package (SIP) near field communications (NFC) chip, the SENHRN1. The new Secu-NFC chip combines a NFC controller and a secure element storing personal information and security keys with advanced encryption technologies, a prerequisite for reliable and efficient mobile payment on NFC-enabled mobile devices.
BskyB eCommerce Payment Solutions MPP Global Solutions have been reselected as the preferred eCommerce payment solutions provider for BSkyB
Blackbery Mobile Payment BlackBerry maker Research In Motion and Spanish telecom Telefonica are teaming up to test a payment system
35
that turns a mobile phone into an electronic wallet and identity card, the companies said on Wednesday.
Payment Market Mobile Wallet ABI said NFC-based mobile wallet users will grow to 594 million by 2016. Carriers and OS creators such as Google, Apple, Microsoft (NASDAQ:MSFT) and Research In Motion will flood the market with NFCcapable mobile phones in the United States, Western Europe, Japan and Korea. Moreover, merchant offers spurred by local daily deals will provide consumers with added incentive to use mobile wallet services.
RIM stock performance
Online Shopping in Turkey The number of internet users in Turkey was already estimated as high as 32 million in 2009, which accounts for 42 % of the entire population. In line with these numbers the revenue generated in the B2C segment of the e-commerce market grew from 2.4 billion YTL (approx. 1.2 billion ) in 2006 to 10.3 billion YTL (approx. 5.3 billion ) in 2009 and the number of associated transactions from 21.7 million in 2006 to 66.5 million in 2009.
Cubic Transportation systems Cubic Transportation Systems, a business unit of San Diego-based Cubic Corp., has been selected for contract award by the Chicago Transit Authority (CTA) to integrate, deliver, operate and maintain the agencys next-generation open payments system that will accept bank cards and, ultimately, mobile phone payments. The contract has an estimated value of $454 million, making it the largest automated fare collection contract ever placed in North America, according to a company statement. Cubic will operate and maintain the entire system, resulting in an overall 12-year partnership between Cubic and the CTA.
Cubics stock performance
36
Biotechnology Industry Biotechnology Market Market Forecast The global biotechnology market grew by 8.1% in 2010 to reach a value of $249,969 million. In 2015, the global biotechnology market is forecast to have a value of $398,236.3 million, an increase of 59.3% since 2010. Medical/Healthcare is the largest segment of the global biotechnology market, accounting for 67.1% of the market's total value. Americas accounts for 46.2% of the global biotechnology market value.
Energy Industry Siemens Wind Power generators Viewing that Taiwan is suitable for developing offshore power in the Taiwan Strait, Germany-based Siemens has cooperated with four Taiwan-based enterprises to develop offshore wind power generators, according to president and CEO Peter Weiss for Siemens Taiwan.
Nanotechnology Industry Nanotechnology Market Market potential According to a research study by Global Industry Analysts, Inc., although the recent global economic recession dampened the optimistic expectations and heady growth patterns of previous years, the global market for products incorporating nanotechnology is projected to grow at a CAGR of 11.1% between 2010 and 2015 to reach US$2.4 trillion. Key factors that will drive this growth include a sturdy demand outlook for nanotechnologyenabled products in healthcare and electronics sectors, the post recession resurgence in growth fundamentals for key markets such as semiconductors, chemicals, and automotives, and an increase in government and private sector funding for R&D.
Siemens stock performance
Panasonic Solar Energy Panasonic Corp. is planning to establish a company in Malaysia that will serve as the firm's solar manufacturing base. The company, Panasonic Energy Malaysia Sdn. Bhd., will be set up in December 2011 and will operate a vertically-integrated solar manufacturing facility that will produce wafers, cells and modules. Panasonic is investing $584.64 million in the solar manufacturing facility, which will be located at Kulim Hi-Tech Park in Kedah, Malaysia. The facility targets to start operations in December 2012 with an annual production capacity of 300MW. The plant has an approximate area of 70,000m2 and will employ around 1,500 people.
37
AUO Solar Energy AUO cooperated with partners to accomplish South Africa's first solar project, which is a comparison with the thermal power plant aside. AUO cooperated with partners to finish a near 5MW solar park project. This is the largest solar park in United Kingdom with 16 hectares by using AUO's high-efficiency solar modules.
BMW stock performance
Google Abandoning of renewable energy projects Google Inc has abandoned an ambitious project to make renewable energy cheaper than coal, the latest target of Chief Executive Larry Page's moves to focus the Internet giant on fewer efforts. Google said on Tuesday that it was pulling the plug on seven projects, including Renewable Energy Cheaper than Coal as well as a Wikipedia-like online encyclopedia service known as Knol.
Tata Renewable energy in India Tata Capital Ltd, a Tata Sons subsidiary, has set up a joint venture company with International Finance Corporation (IFC) to explore business opportunities in the climate change space. The company, Tata Cleantech Capital Ltd (TCCL), would provide funding and advisory services to small and mid-sized enterprises developing renewable energy projects in India. The company has been incorporated with an initial capital of $20 million, in which 80 per cent stake is held by Tata Capital, said Praveen P Kadle, Managing Director and Chief Executive Officer, Tata Capital. IFC, a member of the World Bank Group, would hold the remaining 20 per cent stake.
BMW-Toyota Lithium-ion Batteries for Electric cars German carmaker BMW is planning to cooperate with Japanese rival Toyota on research into lithium-ion batteries for electric cars, a source familiar with the situation told Reuters on Tuesday. BMW and Toyota have signed a new technology agreement which will see the German brand provide 1.6-litre and 2.0-litre diesel engines for models in Europe. The deal will also see both companies working together to develop next-generation lithium-ion battery technologies for hybrid cars.
Billion SmartGrid Solutions Billion Electric Co., Ltd. (Taiex: 3027, trading as Billion), a leading Asia Pacific-based provider in communications, Smart Grid and green energy management solutions, presented the latest Smart Grid AMI Solutions, Intelligent Street Lighting Solutions, and HAN Energy Management Solutions successfully during TiGiS (the third 2011 Taiwan
38
Int'l Green Industry Show) and BuildInG Taiwan (Taiwan Smart Green City Expo). By furthering the development of energy conservation for utilities, Billion seeks to accelerate the adoption and validate the business benefits of Smart Grid AMI solutions for utilities. Billion has linked with Asian utilities such as Thailand and Philippine, and through the collaboration efforts, Billion will be expanded to drive commercial applications for more utilities.
according NPD Solarbuzz . The region is poised to grow an additional 45% in 2012, as Asian governments introduce new installation targets. China's National Energy Administration recently revised its official cumulative solar installation target up from 10-15 GW for 2015, representing just one of the most recent examples. China is projected to account for 45% of regional demand in fourth-quarter 2011 and is on course to surpass both the US and Japanese market sizes in 2011.
Billion stock performance
Ember SmartGrid & Smart Metering Elster and Freestyle have integrated Embers ZigBee System-on-Chip and ZigBee PRO networking software into the new Elster V200 digital water meter to serve global markets. The V200 is one in a series of Ember-enabled smart meters from Elster, with ZigBee smart meters for gas and electricity also in development.
Energy Market PV Market in Asia Pasific In the Asia Pacific region, the photovoltaic (PV) market is forecast to grow 39% on quarter and 130% on year in fourth-quarter 2011. Fourthquarter 2011 installations of more than 2GW of PV capacity are expected, which will significantly raise the region's share of the global market this year,
39

Untitled

Caricato da

Informazioni sul documento

Descrizione originale:

Copyright

Formati disponibili

Condividi questo documento

Condividi o incorpora il documento

Opzioni di condivisione

Hai trovato utile questo documento?

Questo contenuto è inappropriato?

Copyright:

Formati disponibili

Untitled

Caricato da

Copyright:

Formati disponibili

2011

BUSINESS AND TECHNOLOGY REPORT

Prepared by Ferhat nlkal 12/4/2011

BUSINESS AND TECHNOLOGY REPORT

BUSINESS AND TECHNOLOGY REPORT

BUSINESS AND TECHNOLOGY REPORT

HP Hewlett Packard Co unveiled plans to develop extremely low-energy servers.

HTC HTC Corp warned its sales in the fourth quarter.

BUSINESS AND TECHNOLOGY REPORT

BUSINESS AND TECHNOLOGY REPORT

BUSINESS AND TECHNOLOGY REPORT

Blackberry BlackBerry and Telefonica are teaming up to test a payment system.

BUSINESS AND TECHNOLOGY REPORT

LGs stock performance

BUSINESS AND TECHNOLOGY REPORT

Sonys stock performance

BUSINESS AND TECHNOLOGY REPORT

BUSINESS AND TECHNOLOGY REPORT

Foxconns stock performance

Amtrans stock performance

BUSINESS AND TECHNOLOGY REPORT

Wistrons stock performance

TCLs stock performance

BUSINESS AND TECHNOLOGY REPORT

BUSINESS AND TECHNOLOGY REPORT

BUSINESS AND TECHNOLOGY REPORT

high-end smartphones which were introduced during this year.

Apples stock performance

Samsungs stock performance

Table 1. Smartphone Market

BUSINESS AND TECHNOLOGY REPORT

HPs stock performance

Lenovos stock performance

BUSINESS AND TECHNOLOGY REPORT

HTCs stock performance

Amazons stock performance

Googles stock performance

BUSINESS AND TECHNOLOGY REPORT

Ciscos stock performance

BUSINESS AND TECHNOLOGY REPORT

Wistrons stock performance

SAPs stock performance

BUSINESS AND TECHNOLOGY REPORT

BUSINESS AND TECHNOLOGY REPORT

LG Displays stock performance

BUSINESS AND TECHNOLOGY REPORT

BUSINESS AND TECHNOLOGY REPORT

Pay-cut program for top executives

BUSINESS AND TECHNOLOGY REPORT

BUSINESS AND TECHNOLOGY REPORT

BUSINESS AND TECHNOLOGY REPORT

BUSINESS AND TECHNOLOGY REPORT

BUSINESS AND TECHNOLOGY REPORT

BUSINESS AND TECHNOLOGY REPORT

Intels stock performance

Mediateks stock performance

BUSINESS AND TECHNOLOGY REPORT

its advanced System-on-a-Chip (SoC) solutions.

Mstars stock performance

Freescales stock performance

BUSINESS AND TECHNOLOGY REPORT

Taiwan Based Component Suppliers

Acquisition of MEMS Fabs