Connect with us

Technology

OLED Association – “Regional Competition Needed for a Healthy Display Industry”

Published

on

LA JOLLA, Calif., Feb. 19, 2025 /PRNewswire/ — In a study of what contributes to the success of the display industry, the OLED Association tracked the technology and the source of production from CRTs to LCDs, Plasma, OLEDs and now Micro LEDs. Displays have existed since the mid-20th century, when the delivery of TV signals to consumers were enabled  by CRTs. Now displays are omnipresent, used in just about every consumer, commercial and miliary application. They have transitioned from the heavy, bulky, yet small screen TV to a plethora of sizes that range from the equivalent of a contact lens to a wall covering monitor that is constructed in pieces. Over the last 100 years, displays transitioned thru:

CRTs thru the end of the 20th centuryPlasma that came and went between the 1990s and the 2000sLCDs from the late 1990s to the presentOLEDs from ~2005 to the present

On the horizon, are MicroLEDs, with 100s of companies solving technical and manufacturing issues to produce displays that purportedly outperform current technologies. Each advancement was accompanied by a regional shift, first the US produced the majority of CRTs, but as demand increased and color was developed, Japan shared the production volume; second with the advent of active matrix LCDs (AMLCD), Japan became the leader and the US exited the market, third when AMLCDs moved into the larger monitor and TV market, and needed greater investment, the Japanese ceased growing and production leadership shifted to Korea backed up by Taiwan, fourth the Chinese entered the market and invested in the largest size display fabs, taking the production lead and fifth, Samsung anticipating the technology evolution exited AMLCDs by substituting OLEDs. In 2024, display revenue split 62%, AMLCD, 37% OLED and 1% other. Market researchers project future gains for OLEDS and stagnation for AMLCDs.

Display Revenue by Technology – 2022-2027e (US$ b)

Technology

2022

2023

2024

2025e

2026e

2027e

TFT LCD

79.5

75.8

81.2

83.7

83.9

83.8

AMOLED

42.1

44.7

48.2

50.6

52.5

54.5

AM EPD

0.5

0.6

0.6

0.7

0.7

0.7

OLEDoS

0.1

0.5

0.6

0.9

1.2

1.4

Micro LED

0.02

0.02

0.05

0.27

0.60

0.80

LEDoS

0.0

0.0

0.1

0.1

0.3

Others

0.5

0.4

0.4

0.3

1.0

2.3

Total

122.7

122.1

131.1

136.5

139.9

143.5

Source: Omdia, OLED-A

The US has no production facilities due largely to the huge capital requirement, upwards of $4b per fab and the relatively low return on capital, which has average 1-2% over the last 10 years.

In terms of AMLCD production, China has ~75% share and Taiwan has a 19% share, the remainder is in Japan, which is in the process of closing its display facilities. For AMOLEDs, Korea and China split production evenly. For MicroLEDs, the race is just beginning. The next table shows the regional revenue shares by year

Display Production by Regional Share – 2000-2025e

Region

2000

2010

2020

2025

China

0 %

5 %

35 %

65 %

Korea

10 %

20 %

30 %

22 %

Others

5 %

10 %

20 %

10 %

Japan

70 %

60 %

15 %

3 %

US

15 %

5 %

0 %

0 %

Total

100 %

100 %

100 %

100 %

Annual Display Revenue  ($b)

80

100

125

137

Source: DisplaySearch, OLED-A

The concentration in regional production source raises the issue of how the US economy and its military readiness will be impacted. Given China’s competitiveness should something be done to minimize the US dependency on China’s display industry? The world’s largest economy needs a robust and competitive display industry and should be encouraging multiple suppliers.  For AMLCDs, China’s position remains virtually unopposed, and their share is likely to grow as the two Taiwan companies, AUO and Innolux look to change strategies to offset their continued loses, but AMOLED demand and production is increasing, and the US needs to encourage regional competition.

Competition in a particular market has always been a positive for the consumer, and in the case of AMOLEDs, the addition of Chinese panel makers has led to lower costs, by ~30% or more. In terms of technology, Korean manufacturers added foldable displays, thinner devices due to the elimination of the polarizer, and lower power consumption with the use of LTPO, all after the Chinese entered the market.  Taking away the availability of a 2nd or 3rd choice would narrow the level of improvement and raise prices.

While the US does not produce displays explicitly, many participate and encapsulation tools with capex per tool in the $500m to $750m range. There are other US companies like EMS (Merck), Kateeva, 3M and DuPont deeply involved in the OLED industry. Reducing the volume or even slowing down the change negatively impacts these and other US companies. Limiting consumer/customer choice to a small number of suppliers would hinder competitive conditions in the United States.  Removing a significant supplier’s  products from the market, risks insufficient supply, increased prices, and decreased innovation, and would likely reduce consumer choice.

In a rapidly evolving technological landscape, it is vital for the U.S. to stay competitive on the global stage. By sourcing display technologies from China and Korea, U.S. companies can focus on their core strengths such as software development, service integration, and innovative applications, rather than spending resources on manufacturing. This strategic allocation of resources allows U.S. firms to maintain their leadership in innovation and technology, positioning them favorably in the global market. In summary, displays are critical to the economy and have a long history of responding to both the technology and the regional production source. The benefits of multiple production sources are well understood and have typically led to positive economic conditions, to the benefit of U.S. consumers, businesses and the government.

China and Korea have invested heavily in research and development (R&D) and is at the forefront of several technological advancements in the display sector. By importing electronics, the U.S. can leverage these advancements without having to replicate the extensive R&D investments. This symbiotic relationship allows U.S. companies to integrate cutting-edge technology into their products and services, fostering innovation and maintaining a competitive edge in the global market.International trade is a cornerstone of global economic interdependence and cooperation. By engaging in trade with China, the U.S. can strengthen diplomatic and economic ties, fostering a mutually beneficial relationship. Healthy trade relations can lead to collaborative efforts in other areas such as climate change, healthcare, and global security. Moreover, trade can act as a bridge, promoting cultural exchange and mutual understanding between the two nations.Contrary to the perception that importing electronics undermines domestic jobs, trade with China creates opportunities including cost savings from importing affordable electronics that can be reinvested in other sectors such as services, logistics, and marketing, leading to job creation. Additionally, U.S. companies involved in the design, distribution, and sale of electronics can from the competitive edge provided by high-quality, low-cost products from China.

In summary, displays are critical to the economy and have a long history of changing both the technology and the regional production source. The potential of new technologies replacing the incumbent is material as evidenced by Apple’s[1] recent effort to take over production of all the displays it uses by switching to MicroLEDs.  The effort turned out to be too early in the MicroLED development cycle, but it could be reinstated as the technology progresses. The benefits of multiple production sources are well understood and have typically led to positive economic conditions.

[1] Apple is currently the largest buyer of OLED displays

View original content:https://www.prnewswire.com/news-releases/oled-association–regional-competition-needed-for-a-healthy-display-industry-302380944.html

SOURCE OLED Association

Continue Reading

Technology

SPS Releases New Report on Turning Workplace Data and AI into a Competitive Advantage

Published

on

By

Featuring insights from AWS, the report explores how connecting workplace data, human context and AI can help organizations make better business decisions

NEW YORK, Oct. 27, 2026 /PRNewswire/ — SPS, a leading technology-driven business transformation company, today released Turning Workplace Data into a Competitive Advantage, a new report examining how organizations can connect workplace data, human context and AI to generate meaningful insights and make better business decisions.

Authored by Nicole Mangarella, Head of Global Technology and Innovation at SPS, the report explores why collecting more data is not enough. Drawing in part on perspectives shared at the 2026 SPS Connected Workplace Experience event, hosted by SPS in partnership with AWS in New York City, the report examines how connecting information across workplace systems, combining quantitative signals with human context, and applying artificial intelligence can help leaders uncover patterns, identify risks and act with greater confidence.

Organizations generate workplace information through occupancy platforms, room-booking systems, sensors, service requests, visitor systems, employee feedback and financial systems. When those sources remain disconnected, however, leaders may see only part of the picture. Bringing them together can reveal insights individual systems may miss, helping organizations better understand workplace utilization, operational performance, employee experience and potential risk.

SPS’s approach to creating more connected, intelligent workplace operations has also earned industry recognition. In the 2026 IDC MarketScape for Worldwide Mailroom Solutions and Services, IDC named SPS a Leader, recognizing its ability to connect physical and digital workflows through AI-enabled document intelligence, integrated workplace services and operational automation.

“The competitive advantage isn’t having more workplace data. It’s knowing which questions to ask, connecting the information needed to answer them, and turning those insights into better decisions—faster,” said Mangarella. “Organizations don’t need another dashboard. They need the right information and context to make better decisions.”

Creating a Trusted Foundation for AI

As organizations expand their use of AI, the report highlights the importance of trustworthy, well-governed data. Michal Kolodziej, Senior Account Solution Architect at AWS, emphasizes that AI needs more than large volumes of information; it needs data with sufficient precision and context to produce reliable answers people can trust.

The report also examines AWS’s “working backwards” approach: start with the business problem and desired outcome, determine the information needed to support the decision, and then design the technology, data architecture and processes around it. SPS describes a similar approach to workplace intelligence, beginning with a focused set of high-value data before expanding to additional sources.

The report further highlights how governance, common definitions and clear ownership can help organizations move from fragmented information toward workplace intelligence that leaders can use with confidence.

Explore Turning Workplace Data into a Competitive Advantage to discover practical examples and five questions workplace leaders can use to turn data into better decisions.

About SPS

SPS is a leading technology-driven business transformation company. With our innovative Enterprise Workplace Solutions, we empower organizations to adopt modern work concepts to enhance productivity and flexibility. Our Technology Business Solutions bring together cutting-edge technology, deep vertical process expertise and a diverse global workforce to support clients in their digital transformation journey and efficiently tackle their most complex challenges.

Headquartered in Zurich, Switzerland, SPS operates in more than 20 countries and focuses on clients in banking, insurance and healthcare. SPS has more than 8,000 employees and is recognized with a world-class Net Promoter Score by its global client base.

We act with precision, connect people to the right information, and turn data into insights for better outcomes.

Discover how our dedicated team at SPS makes an impact that matters by visiting SPS Global.

SPS. The Power of Possibility. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/sps-releases-new-report-on-turning-workplace-data-and-ai-into-a-competitive-advantage-302920047.html

SOURCE SPS

Continue Reading

Technology

ABB turns aging drives into a second life at ACC’s Jamul plant, without stopping production

Published

on

By

To date, on-site drive reconditioning has preserved capital and material value, avoided ~16 metric tons of CO₂ emissions, and maintained continuity, delivering environmental, economic, and operational value in one decision.Asset health assessment by ABB helped the major Indian cement producer choose a tailored, multi-year ABB Motion OneCare agreement, for enhanced reliability, uptime, and cost predictability.ACC Limited is set to benefit from energy appraisals, scheduled drive reconditioning, and digital monitoring to shift maintenance from reactive to predictive.

BENGALURU, India, Oct. 27, 2026 /PRNewswire/ — ABB has signed a multi-year ABB Motion OneCare service agreement with ACC Limited, a major cement producer in the Adani Group, to improve the operational reliability of ACC’s Jamul cement plant in Chhattisgarh, India. The comprehensive maintenance framework, shaped around ACC’s needs, encompasses scheduled reconditioning, digital monitoring, and energy appraisals, with the latter extending the program’s scope from restoration into ongoing performance enhancement.

Phase one, completed in April 2026, reconditioned 25 ABB ACS800 variable speed drives on site without a major shutdown. By retaining the existing cabinets and reconditioning equipment rather than replacing complete panels, the project avoided approximately 16 tonnes of CO₂ emissions.

A second phase covering the reconditioning of an additional 25 ACS800 drive modules is planned for Q4 2026. As part of the agreement, ACC also began using ABB Ability™ Digital Powertrain Insights, setting the foundation to shift from reactive to predictive maintenance. 

A fleet that delivered — and a clear signal to act

The ABB ACS800 drives at Jamul — installed in 2010 — had maintained a strong reliability record across well over a decade of near-continuous operation in one of the most demanding industrial environments. Over time, however, the cumulative effects of electrical aging reached a point where trip event patterns were no longer in line with the plant’s operational requirements — a natural inflection point for a fleet that had been running full steam since installation, and a clear signal that the time had come to act.

Rather than defaulting to full replacement, ACC engaged ABB’s certified engineers for a structured asset health assessment. The finding was clear: the drives’ cabinets and enclosures remained structurally sound. Targeted reconditioning was both the technically right and most cost-effective route to extended lifetime and sustained reliability.

Expertise brought to the plant

Two decades of working knowledge of ACC’s equipment and operational calendar shaped the approach. ABB developed a service plan tailored to ACC’s shutdown windows and budget cycle. The multi-year ABB Motion OneCare agreement includes scheduled drive reconditioning, ABB Ability™ Digital Powertrain Insights, and energy appraisals. To start, ABB brought its reconditioning expertise directly to Jamul. Earlier this year, 25 ACS800 drives were restored to factory specification without interrupting production, with the original enclosures retained. Phase two is in planning: an additional 25 ACS800 modules are scheduled for on-site reconditioning in the last quarter of 2026.

In addition, with ABB Ability™ Digital Powertrain Insights now active across the fleet, ACC’s teams gain continuous visibility into temperature, current, vibration, and fault patterns — the intelligence to act on emerging issues before they become failures. Energy appraisals, built into the later phase of the program, will extend its scope from restoration into systematic performance improvement. “We know what unchecked wear costs over time: a small inefficiency that eats away at ROI for years. At Jamul, the evidence pointed clearly to assets with productive life still in them,” said Amit Gupta, Local Division Manager, Motion Services, ABB India. “Our job was to restore them properly and give the team the tools to stay ahead of the next problem. At ABB, we don’t just fix what fails. We want to protect what works.”

Circularity as the operating logic

The program reflects the competitive logic of industrial circularity. Restoring what was installed rather than replacing it kept material and economic value in productive use, and protected continuity — all in one decision. ABB data indicates reconditioning reduces drive lifecycle emissions by 50 to 80% versus full replacement. Digital monitoring gives ACC’s teams real-time intelligence: now they know exactly what to fix, and exactly when to fix it, for maximum uptime.

“Moving from reactive firefighting to a structured maintenance plan was exactly what this operation needed. That kind of peace of mind doesn’t come easily. It comes from a partner that understands how your business runs,” added Vinod Bahety, CEO – Cement Business, Adani Group. “We didn’t need a full system overhaul; we needed expert support, actionable insights, and a plan we could execute around our schedule. That’s what we got.”

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB). www.abb.com

ABB Motion, a global leader in motors and drives, is at the core of accelerating a more productive and sustainable future. We innovate and push the boundaries of technology to contribute to energy efficient, decarbonizing and circular solutions for customers, industries and societies. With our digitally enabled drives, motors and services we support our customers and partners to achieve better performance, safety and reliability. To help the world’s industries outrun – leaner and cleaner, we deliver motor-driven solutions for a wide range of applications in all industrial segments. Building on over 140 years of domain expertise in electric powertrains, our more than 23,000 employees across 100 countries learn and improve every day. go.abb/motion

ACC Limited, a subsidiary of Ambuja Cements and part of the diversified Adani Group, is one of India’s most trusted building materials and concrete solutions company. With a legacy of nearly nine decades, ACC operates 20 cement manufacturing sites, 119 ready-mix concrete plants, and a nationwide network of channel partners, serving its customers. ACC is actively advancing its sustainability roadmap with a strong focus on green energy, circular economy, and digital transformation. The Company alongside Ambuja Cements is among the fourth large-scale building materials company in the world committed to net-zero by 2050, with its near-term and science-based net-zero targets validated by the Science Based Targets initiative (SBTi). ACC continues to drive operational excellence through synergies with the Adani Group in logistics, power, project execution, and digital infrastructure. ACC has been recognised India’s Most Sustainable Company 2026 in the Cement Sector by Business Today. Its blended cement products are GreenPro certified, and its innovative products are listed in the GRIHA product catalogue. ACC has been recognised as one of ‘India’s Most Trusted Cement Brands’ by TRA Research and among the ‘Iconic Brands of India 2025’ by The Economic Times for the third consecutive year. https://www.acclimited.com/

 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/abb-turns-aging-drives-into-a-second-life-at-accs-jamul-plant-without-stopping-production-302920411.html

Continue Reading

Technology

ASSA ABLOY: Quarterly Report Q3 2026

Published

on

By

STOCKHOLM, Oct. 27, 2026 /PRNewswire/ —

Record sales, operating profit and margin

Third quarter

Net sales totaled SEK 40,771 M (38,146), with organic growth of 4% (3) and acquired net growth of 2% (5). Exchange rates affected sales by 1% (–6).Organic sales growth was strong in Americas and EMEIA, good in Global Technologies and Entrance Systems, but declined in Asia Pacific.Three acquisitions with combined annual sales of about SEK 350 M and one divestment were completed during the quarter.Operating income1 (EBITA) increased by 12% to SEK 7,612 M (6,815) with an operating margin of 18.7% (17.9).Operating income1 (EBIT) increased by 11% to SEK 7,102 M (6,416) with an operating margin of 17.4% (16.8).Net income1 amounted to SEK 4,718 M (4,144).Earnings per share1 amounted to SEK 4.24 (3.73).Operating cash flow amounted to SEK 7,405 M (6,969).

Sales and income

                         Third quarter

                January–September

2025

2026

Δ

2025

2026

Δ

Sales, SEK M

38,146

40,771

7 %

114,102

115,781

1 %

Of which:

Organic growth

1,119

1,428

4 %

2,671

3,568

3 %

Acquisitions and divestments

1,853

935

2 %

5,417

2,623

2 %

Exchange rate effects

–2,243

262

1 %

–4,572

–4,512

–4%

Operating income (EBIT)1, SEK M

6,416

7,102

11 %

18,216

19,242

6 %

Operating margin (EBITA)1, %

17.9 %

18.7 %

17.0 %

17.8 %

Operating margin (EBIT)1, %

16.8 %

17.4 %

16.0 %

16.6 %

Income before tax1, SEK M

5,563

6,333

14 %

15,648

17,018

9 %

Net income1, SEK M

4,144

4,718

14 %

11,658

12,678

9 %

Operating cash flow, SEK M

6,969

7,405

6 %

14,845

16,847

13 %

Earnings per share1, SEK

3.73

4.24

14 %

10.49

11.41

9 %

1 Excluding items affecting comparability for the same period of the previous year. Please see the tabulated figures section in this report, page 12, for further details about the financial effects in 2025.

Comments by the President and CEO

“I am happy to report another record strong quarter for ASSA ABLOY in which our sales grew by 7%, driven by 4% organic sales growth, 2% net acquired growth and 1% from currency movements. This is the seventh consecutive quarter with organic sales growth despite the geopolitical and macroeconomic uncertainties we have seen in the last couple of years. The good organic sales growth contributed to a record-high operating margin and for the first time our operating profit exceeds SEK 7bn in a quarter!

Organic sales growth was strong in the Americas and EMEIA divisions – 6% and 5% respectively. Americas growth was driven by continued strong growth in the non-residential segment and Latin America. The North America Residential segment improved and had good sales growth. In EMEIA, the growth was driven by very strong sales growth in Central Europe, while the other regions had good or stable sales growth developments. Global Technologies grew by 4%, with strong sales growth in HID, while Global Solutions’ growth was low single-digit due to temporarily lower deliveries in the retail business unit. Entrance Systems reported good organic growth of 3%, driven by Pedestrian and Perimeter Security. Organic sales in Asia Pacific declined 1% due to weak sales in Greater China.

The operating profit (EBIT) totaled SEK 7,102 M, up 11% vs. last year. The operating margin improved by 60 bps year-on-year to 17.4% (16.8) driven by excellent operating leverage of 47% due to price realization and cost efficiencies. The operating cash flow improved by 6% year-on-year to SEK 7,405 M, resulting in an excellent cash conversion of 117%.

Our people make the difference

Our decentralized organization and commitment to innovation remain two of our key competitive advantages. However, the foundation of everything we do is our 65,000 people. Their dedication, expertise and curiosity drive our success. As more of our products and solutions become electromechanical, our technology platforms create new opportunities to realize synergies. To continue to lead this transition, we continue to invest in our people. Over the last eight years, the number of internal applications for each open position has almost tripled, demonstrating the strength of our culture and the career opportunities available within ASSA ABLOY. Developing talent remains a strategic priority. Through leadership development programs, continuous learning opportunities and increased cross-divisional collaboration, we are building the capabilities to support future growth. Our ‘Together We’ culture is founded on empowerment, innovation and integrity. This supports our ambition to be a world-leading organization, knowing that when our people succeed, our business succeeds too.

Our acquisition strategy also brings talented people into the Group, adding fresh perspectives, new ideas and entrepreneurship. We are proud that many founders of the companies we acquire choose to remain with ASSA ABLOY. During the quarter, we acquired three businesses. We also announced the signing of Gunnebo Entrance Control, which will strengthen and complement our existing offering in pedestrian access solutions.

We are proud of what we have accomplished in the first nine months and are confident in our ability to deliver another strong year. At the same time, we remain focused on the opportunities ahead. To ensure that ASSA ABLOY remains long-term competitive, we will also launch our 11th manufacturing footprint program during the fourth quarter.

Thank you for your continued trust in ASSA ABLOY.”

Nico Delvaux
President and CEO

Further information can be obtained from:
Nico Delvaux, President and CEO
phone: +46 8 506 485 82

Erik Pieder, Executive Vice President and CFO,
phone: +46 8 506 485 72

Björn Tibell, Head of Investor Relations,
phone: +46 70 275 67 68
e-mail: bjorn.tibell@assaabloy.com

ASSA ABLOY is holding a telephone and web conference at 09.00 CET on 27 October, 2026, which can be followed online at assaabloy.com/investors.

It is possible to submit questions by telephone on:
08–505 100 31, +44 203 059 5863 or +1 631 570 5613

This information is information that ASSA ABLOY AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 08.00 CET on 27 October, 2026.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/assa-abloy/r/quarterly-report-q3-2026,c4415570

The following files are available for download:

 

View original content:https://www.prnewswire.co.uk/news-releases/assa-abloy-quarterly-report-q3-2026-302920415.html

Continue Reading

Trending