Hu Zhengda, chairman of the driver IC manufacturer Duntai, pointed out on the 27th that the demand is quite strong and has signed a long-term agreement (LTA) with all major customers and fabs for the next few years to ensure stable demand and supply. The fab plans to continue The increase in foundry costs will also be reflected to customers, and there will be no price cuts in the short term. Next year will be a good year.
Hu Zhengda said that current customer demand is quite strong. In response to orders, Focaltech has signed a long-term contract with the fab for more than three years. The contract situation is considered the best in the entire industry. It is expected that "the next few years will look very good."
Hu Zhengda added that Duntech's OLED driver ICs shipped to Samsung this year have reached hundreds of millions, and they have achieved good results in various applications, especially for automobiles. More than 1.5 million vehicles have used Duntech's TDDI globally. Shipments will continue to grow next year.
Looking forward to next year, Hu Zhengda believes that Duntech will gain more production capacity next year than this year, and its prosperity will be better than this year. He is confident that its operations will hit a new high next year. In terms of product prices, the average price is expected to be about the same as this year, but some are short. It is expected that the product will rise again, and the price reduction is now invisible, and next year will be a good year.
