Semiconductor equipment growth in 2Q 2020 was dramatically different than growth of equipment to manufacture LCDs and OLED displays.
Unlike the semiconductor equipment market recovering in 2Q 2020, the display equipment market plummeted QoQ in 2Q 2020, which I will discuss in depth in this article.
We can corroborate this drop with the results from Universal Display (OLED), a supplier of materials for LCD/OLED production. The company reported that on a QoQ basis, revenues dropped 52.0% in 2Q 2020. This compares to a +9.6% QoQ growth in 1Q 2020.
Semiconductor Equipment Market
During