Top 10 monitor SIs’ shipments down by a whopping 30.8% MoM in February

 

       According to WitsView’s global monitor SI shipment survey for Feb11, the aggregated shipments from the top 10 SIs reached 10.28 million units, down by a whopping 30.8% MoM. Consistent with what the market had expected, the raw material and labor shortage triggered by the Chinese Lunar New Year and fewer days weighed on the Feb11 monthly shipments. This thus led to varying shipment drops among the different SI makers. At the moment, some of the SI makers are still being affected by the raw material shortfall. Originally, they had anticipated the problem would ease notably by Apr11. However, amid the unfortunate earthquake that struck northeastern Japan, it is projected that the shortage will become longer now. The SI makers are carefully accessing how this will impact the overall upstream supply chain. Currently, due to the traditional slow seasonality and the fact that most SI makers have a certain level of inventory to make any adjustments. Thus, in the short-term, it is expected there will be no market imbalance in the LCD monitor segment.

 

       In terms of the performance of the respective SIs, as Compal already began to feel the effects from the insufficient raw material supply back in Jan11, the lower base period resulted in its Feb11 shipments to drop by a mere 4.3% MoM. By contrast, as BOEVT was severely battered by the fewer working days in Feb11 and delays in the panel delivery time, its shipments plunged by 60% MoM, the largest monthly drop among the top 10 SIs. As mentioned above, the remaining SI players were all impacted to varying degrees by the fewer working days and raw material shortfall (mainly the PCB segment). In particular, shipments from Innolux plummeted by 45.1% MoM, marking the second largest drop. This was followed by TPV, where shipments fell sharply by 34.9% MoM.

 

 

Worldwide top 10 SI shipment by unit in Feb. 2011

 

Shipment Unit: K pcs

Source: WitsView, 2011/03


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