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AU Optronics Corp. (AUO)

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  • Sep. 6, 2012, 12:13 PM
    AU Optronics (AUO +0.6%) says it will start mass-producing small-size (~4") AMOLED panels in Q3. That's good news for Universal Display (PANL +4%), which has badly sought to lower its dependence on AMOLED manufacturing leader Samsung. However, AU's initial production yield for the panels will reportedly be only around 50%. (LG Display injunction)
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  • Aug. 31, 2012, 10:29 AM
    The iPad Mini (AAPL) will sport a 7.85" display, sources tell Bloomberg, backing up earlier reports that the device will have a slightly bigger display than its 7" Android rivals. AU Optronics (AUO) and LG Display (LPL) will provide LCD panels for the Mini, which is rumored to be thinner than the regular iPad.
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  • Aug. 27, 2012, 6:06 PM
    Notebook display panel prices have dropped in August due to weak demand, claims DisplaySearch. This comes on top of recent reports of falling PC DRAM prices, and is another sign PC component suppliers could be facing intense pricing pressure in 2H to go with soft unit shipments, thanks to the industry's woes. All eyes are on Windows 8's (MSFT) Oct. 26 launch. (Intel estimate cuts)
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  • Aug. 6, 2012, 1:57 PM
    It's not just Sharp (SHCAY.PK) that's feeling the pain caused by a weak TV market: Sony (SNE), Samsung (SSNLF.PK), Panasonic (PC), and LG have all significantly lowered their 2012 sales targets. Sony's target has dropped by 4M to 15.5M, and Samsung's by 10M to 40M. The ripple effects are already being felt by everyone from panel makers (AUO, LPL) to component suppliers (GLW, NXPI, STM) to retailers (HGG, BBY, CONN).
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  • Jul. 25, 2012, 6:21 PM
    Corning (GLW -7.7%) opened down just slightly after reporting this morning, but ended up plunging to 3-year lows. Q2's 16% Y/Y drop in display glass sales more than offset modest increases elsewhere, and stoked fears that there's no bottom in sight for the market, given weak LCD TV demand. During its earnings call, Corning noted macro issues are affecting multiple businesses, and that it's seeing "mixed performance" in China, where it's about to build a new plant. AUO -7.6%. LPL -4.1%.
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  • Jul. 25, 2012, 5:55 AM
    AU Optronics (AUO): Q2 EPS of -NT$1.39 misses by NT$0.50. Revenue of NT$95.2B (-2.9% Y/Y). (PR)
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  • Jun. 29, 2012, 12:05 PM
    Two new tablet rumors reported by Digitimes: 1) Google (GOOG) will follow up on the launch of the Nexus 7 tablet by introducing a 10" model that uses touch panels from AU Optronics (AUO) and Wintek (this sounds believable, particularly given the Nexus 7's name). 2) A Chinese-language site claims Apple (AAPL) will introduce a new 9.7" iPad in summer that will be thinner and feature better battery life than the latest iPad (harder to believe, given the historical pace of iOS product launches).
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  • Jun. 26, 2012, 2:34 PM
    LCD panel makers are shifting capacity from monitor production to tablet and TV production, sources tell Digitimes. The report notes panel makers are both optimistic about a 2H pickup in TV demand (sales were weak in Q1), and pessimistic about the monitor market's growth potential. It could be further evidence (I, II) global PC demand is slumping.
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  • Jun. 21, 2012, 7:23 PM
    Global TV shipments fell nearly 8% Y/Y in Q1, estimates DisplaySearch, as firmer pricing hurt volumes, and consumers directed a greater chunk of their electronics spending at mobile devices. LCD shipments fell 3%, while plasma shipments tumbled 18%. Samsung (SSNLF.PK) claimed a 26% share of the market, and was followed by LG (14.6%) and Sony (SNE - 9.4%). Some key TV industry suppliers: GLW, AUO, LPL, STM, NXPI.
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  • May 30, 2012, 11:06 AM
    The price of polysilicon, the chief ingredient used to make silicon solar cells, continues to tumble: Digitimes claims it has dropped to $20-$22/kg - below the $25/kg level believed to represent the variable cost of Western producers, and also low enough to generate losses for AU Optronics (AUO) and other Taiwanese producers. U.S.-based MEMC (WFR) has had a very rough time, and China's LDK and YGE haven't been faring much better.
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  • May 17, 2012, 9:52 AM
    Another day, another rumor about an iPad Mini arriving. The latest comes from Taiwan's Liberty Times (translation), which notes a Macquarie report suggesting a smaller iPad could ship by the end of Q3, and with a 2012 production target of 6M units. It's added LG Display (LPL) and AU Optronics (AUO) have passed Apple's (AAPL) LCD panel certification tests for the product.
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  • May 15, 2012, 4:14 PM
    It's not just the upcoming MacBook Pros that will feature retina displays, according to 9to5 Mac: the site now claims Apple (AAPL) will also release MacBook Airs next month that sport high-res screens, to go with improved battery tech. Moreover, iMacs with retina displays have reportedly been spotted in the supply chain, though no ETA exists. LCD panel makers such as AUO and LPL benefit either if they supply Apple, or if other PC makers follow Apple's lead.
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  • May 8, 2012, 4:02 PM
    U.S. flat-panel TV prices continued their year-long surge in April, reports iSuppli: the price of the average set reached $1248, up 11.4% from December. Adoption of LED TVs and 3D TVs is contributing to the increase, but so are stabilizing LCD panel and glass prices, and an end to the brutal price war TV manufacturers such as Sony (SNE), Panasonic (PC), and Samsung (SSNLF.PK) were engaged in last year.
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  • May 8, 2012, 11:39 AM
    LCD panel vendor AU Optronics (AUO -4.5%) underperforms after reporting April sales fell 3.4% M/M and 8.5% Y/Y. Shipments of 10"+ panels fell 3.9% M/M, while shipments of sub-10" panels fell 17.4% - the latter is likely more evidence of weak orders from mobile device vendors other than Apple and Samsung. The report is arguably a modest negative for fellow panel vendor LG Display (LPL), and for LCD glassmaker Corning (GLW).
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  • Apr. 27, 2012, 4:44 PM
    More on Apple: Jefferies, which has already written extensively about Apple's (AAPL) TV ambitions, argues recent comments from LCD industry firms suggest an Apple set could arrive later this year. While LCD panel and glass makers are cutting TV unit forecasts, they're also guiding for Q/Q increases in panel/glass sales. Moreover, AU Optronics (AUO) said on its Q1 call the TV market will see "new entrants and technologies" arrive in 2H.
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  • Apr. 26, 2012, 6:26 AM
    AU Optronics (AUO): Q1 EPS of -$1.54 beats by $0.21. Revenue of $2.75B (-13% Y/Y) misses by $220M. (PR)
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Company Description
AU Optronics Corp is engaged in research, development, production and sale of thin film transistor liquid crystal displays (TFT-LCDs) and other flat panel displays used in a wide variety of applications.
Sector: Technology
Country: Taiwan