7-8: Taiwan Media apologized to LeEco for the alleged news LeEco delayed payment to suppliers; Huawei sues Samsung China; etc.

Taiwan Media apologized to LeEco for the alleged news LeEco delayed payment to suppliers, Compal and Pegatron noted they have received the payment; Huawei sues Samsung China; MediaTek has announced consolidated revenues of NTD24.87 billion (USD768 million) for June 2016; LG Display is reportedly set to start production of the plastic OLED (POLED) display; Samsung announced the world’s first UFS microSD memory cards; Lenovo is the latest company making plans to take Brexit under consideration; etc.

Chipset

MediaTek has announced consolidated revenues of NTD24.87 billion (USD768 million) for June 2016, up 49.7% on year. MediaTek generated revenues of NTD72.53 billion in 2Q16, up 49.7% from a year ago and 29.7% on quarter. (Digitimes, press, 52RD)

mediatek-june-2016-revenue

Worldwide sales of semiconductors reached USD26.0 billion for the month of May 2016, an increase of 0.4% compared to the previous month’s total of USD25.9 billion, but a decrease of 7.7% compared to the May 2015 total of USD28.1 billion, according to SIA. (Digitimes, EE World, SIA, press)

sia-semiconductor-revenue-may-2016 sia-ww-semiconductor-revenues-2016

Taiwan Semiconductor Manufacturing Company (TSMC) on July 7 will hold a groundbreaking ceremony for its new manufacturing site in Nanjing. (Digitimes, 52RD, Sina, iFeng)

tsmc-nanjing

Touch Display

LG Display is reportedly set to start production of the plastic OLED (POLED) display. It will start supplying POLED displays to clients in 1H17. (CN Beta, Digital Trends, BGR, Korea Times, ZDNet)

lg-flexible-display-prototype

Digitimes Research claims that Samsung Display will supply 40 million OLED panels to Apple in 2017, and by 2019 this number will increase to 120 million units. (CN Beta, Forbes, article, Digitimes, press)

digitimes-samsung-oled-to-apple-2017

Rosenblatt Securities analyst Jun Zhang raised the possibility that Apple might not use OLED screens in all of its 2017 model iPhone since Samsung might not even have enough capacity to supply Apple. (CN Beta, Investors, article)

Memory

Samsung announced the world’s first Universal Flash Storage (UFS) microSD memory cards. (Android Headlines, Extreme Tech, CNFOL, ZOL)

samsung-ufs-micro-sd-card

Smartphones

Worldwide IT spending is forecast to be flat in 2016, totaling USD3.41 trillion, according to Gartner. This is up from last quarter’s forecast of negative 0.5% growth. The change in the forecast is mainly due to currency fluctuations. (Digitimes, Business Wire, Gartner, press, ZDNet)

gartner-ww-it-spending-forecast-2016

LeEco vice president and Asia Pacific executive president Mo Cuitian has launched an internal investigation in regards to June 5 news about LeEco delaying payment to supplier, but did not find out any unusual situation. LeEco has maintained close relationship with its suppliers. Then, on July 6, Taiwan media apologized to LeEco in regards to that news. (Huanqiu, ZOL, Toutiao)
LeEco reportedly has delayed its payments to its upstream smartphone component and ODM partners due to having some funding gap, but Compal Electronics and Pegatron Technology both noted that they have received their payments. (Digitimes, press)
Lenovo is the latest company making plans to take Brexit under consideration. The EU is a large market for Lenovo, representing roughly 20% of the company’s earnings, and so it’s no surprise that Lenovo will be taking a hard look at the potential influence an independent UK and lessened EU will have on its business. (CN Beta, Pocket Now, Winbeta, Bloomberg)
A new study from device warranty provider Insurance2Go found in a survey of more than 1,000 people. Nearly 8/10 current Apple iPhone owners will upgrade either at launch or at some point thereafter, but will definitely choose the iPhone 7 when that time comes, the survey found. (CN Beta, Fortune, article)
Apple has reportedly changed its two-year industrial design lifecycle. Forbes believes that Samsung Electronics could be a big beneficiary of Apple’s changing design life cycle—This could steer customers seeking a more contemporary looking handset towards devices such as Samsung’s curved screen S7 Edge and the refreshed Galaxy Note. And, Samsung is expected to be a big beneficiary of Apple’s shift of using OLED in 2017. (CN Beta, Forbes, article)
Citadel Securities announced that it has hired Kevin Turner away from Microsoft to be CEO. (CN Beta, CJN, MSN, Yahoo)

citadel-microsoft-coo-left-kevin-turner

Huawei filed a patent lawsuit against Samsung in China, alleging that a total of 16 Samsung products infringed Huawei’s patent rights. (PC Mag, ZDNet, SCMP, Financial Express, IB Times, iFeng, 163)
Huawei seems to have signed Brooklyn Beckham, David Beckham’s eldest son, recently for a reported sum of GBP100,000. (Gizmo China, CN Beta, Metro)

huawei-brooklyn

Xiaomi officially announces its Redmi series spokesperson, a famous Chinese actor Wu Xiubo. (CN Beta, 163, IT Home)

xiaomi-redmi-wuxiubo

Samsung is estimated to have sold about 26 million units of Galaxy S7 that was launched in March 2016. In its 2Q16 earnings guidance announced on July 7, Samsung said it posted an operating profit of KRW8.1 trillion (USD7 billion) while its sales would come in at KRW50 trillion. (Reuters, Apple Insider, Phone Arena, Korea Herald, Samsung, CNFOL, 163)
India Ringing Bells unveils 2 new smartphones, with 5” HD display, 1.3GHz quad-core processor, 8MP + 3.2MP cameras, 1GB RAM, 8GB storage, Android 6.0, dual-SIM: Elegant –3G, 2500mAh battery, INR3999 (USD60). Elegance – LTE (VoLTE), 2800mAh battery, INR4999 (USD68). (Android Headlines, India Times, DNA India, Indian Express)

ringing-bells-elegant-elegance

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