‘Constraints’ in CE Supply Chain Have Universal Display Worried, Says CEO
The global supply chain for Universal Display “remains solid and we’ve had no issues shipping materials to our customers” during the pandemic, said CEO Steve Abramson on a Q1 investor call Thursday: “There are concerns about constraints in the consumer…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
electronics supply chain due to the pandemic.” It’s withdrawing its 2020 guidance amid “the tremendous uncertainties surrounding the consumer environment,” he said. Its Feb. 20 forecast was for 2020 revenue of $430 million-$470 million. The low end of that range would have been a 6% increase from 2019. The company supplies OLED technology and materials to panel makers. “We believe that the underlying long-term fundamentals of the OLED industry have remained robust,” said Chief Financial Officer Sid Rosenblatt. “Panel makers are looking to the future of display technology and are investing in OLED.” The multiyear supply agreement Universal signed with panel maker China Star is a big deal for OLED, said Abramson. “It is a subsidiary of TCL and they are the second largest LCD manufacturer.”