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Corning's decision to increase its display glass substrate prices by 20% beginning in the third quarter may encourage panel makers to negotiate favorable prices with their customers on the backdrop of rising substrate costs.
AU Optronics (AUO) has said it will accelerate its business transformation and ramp up non-panel revenue to boost profitability.
Corning announced on May 24 that it will increase its display glass substrate prices by 20%, starting in the third quarter of 2023. The company said the price rise will offset the growing costs during the extended inflation.
Driver IC demand for electrophoretic display (EPD) and electronic shelf labels (ESL) applications is unlikely to pick up until the end of this year, according to sources at IC design houses.
Taiwan-based polarizer suppliers BenQ Materials and Cheng Mei Materials Technology (CMMT) have recently seen their factory utilization rates improve in line with increasing demand.