Sapphire Applications & Market 2016: LED and Consumer Electronic - 2016 Report by Yole Developpement

© 2016
From Technologies to Market
Sapphire
Applications &
Market 2016
LED and Consumer
Electronics
Report
From Technologies to Market

2
REPORT OBJECTIVES
The report provides a detailed analysis of the status and prospects of the sapphire industry for LED camera lenses and
fingerprint reader covers, smartwatch and smartphone displays:
• Trends and drivers in established and emerging applications
• LED chip manufacturing industry evolution
• Sapphire supply and demand: will global capacity decrease?Where are prices headed? Impact on revenue.Who will survive?
• Identify and describe the key players, both established and emerging
• Geographical trends
• Technology trends: crystal growth, wafer diameters, and patterned sapphire substrates (PSS)
• Emerging applications
©2016 | www.yole.fr | Sapphire Applications and Market 2016: LED and Consumer Electronics | Sample

3
REPORT METHODOLOGY
Market segmentation methodology
Market forecast methodology

4
REPORT METHODOLOGY
Technology analysis methodology Information collection

5
TABLE OF CONTENTS
• About p8
• Acronyms p9
• Product categories and applications covered in this report p10
• LED wafer forecast methodology p11
• Exchange rates p12
• What we saw, what we missed p13
• Executive Summary p14
• Sapphire Application breakdown
• LED Substrates
• LED filaments
• Consumer Electronic Applications
• Apple Supply Chain
• Smartwatches
• Display covers
• Supply and Demand
• Price Trends
• Captive and open markets
• 2015 Revenue
• Long Term Revenue forecast for Finished Products
• Noteworthy News for the Last 18 Months p50
• Introduction to The Sapphire Industry p58
• Sapphire industry overview
• Sapphire properties overview
• Sapphire properties vs. orientation
• Value chain
• Example: Sapphire wafer process
• Crystal Growth Geometric Yield
• Crystal Growth Process Yield
• Material defects and slicing
• Core / brick length
• Major industry players: crystal growth
• Major industry players: wafer slicing and finishing
• Major industry players: PSS
• Status of the Sapphire Industry p71
• Overview
• Price trends: cores for LED and optical wafers
• Impact of 2” Market Disappearance
• Grey Market
• Price trends: Conventional sapphire substrates for LED
• Price trends: patterned sapphire substrates for LED
• Discussion
• Price trends: bricks and optical wafers for consumer electronic
• Long Term price forecast
• 2015 top 20 Sapphire company revenue for core, bricks & wafers
• Detailed breakdown

6
TABLE OF CONTENTS
• Revenue structure: captive and open markets
• 2015 revenue breakdown for Core & bricks and polished wafers
• 2015 revenue breakdown for optical and PSS wafers
• Geographic breakdown per product category
• Exchange rates impacts
• Status of the LED Industry p95
• Status of the LED Industry: 2015
• Status of the LED Industry: 2016
• 2011-2021 Nitride LED Substrate Breakdown Per Application
• LED Market Trends - Lighting
• LED bulb lifetimes
• LED Market Trends - Displays
• LED Video Displays
• LED Epitaxy (MOCVD) Capacity Trends p104
• Gan MOCVD capacity 2010-2016 evolution per region
• Top 10 Global LED Chipmakers by Capacity
• Top 20 LED Chipmakers In China
• Focus on China
• GaN MOCVD capacity supply vs demand trends
• Gan MOCVD Q3-2016 utilization rate per region
• Capacity and Wafer start - Geographic Breakdown
• LED Wafer Market & Forecast p113
• LED wafers value chain
• Vertical Integration
• Sapphire wafer consumption: Q3-2016 geographic breakdown
• Incentive for adoption of large diameter wafers
• Challenges for the adoption of large diameter wafers
• Conclusion
• Q3-2016 Diameter breakdown per region
• Q3-2016 Diameter breakdown - global
• 6” adoption Status
• LED wafer diameter breakdown 2008-2021.
• 2011-2021 sapphire wafer start by diameter
• Patterned sapphire substrates – benefits
• When are PSS used?
• PSS market: historical perspectives
• Pattern Design
• PSS manufacturing process overview
• Lithography techniques for LED
• Nano-PSS
• Nano-imprint Litography (NIL)
• Random structure NPSS
• NPSS Status
• Q3-2016 CSS and PSS consumption per region
• PSS Supply chain
• PSS Consumption and Sourcing Strategy

7
TABLE OF CONTENTS
• PSS Capacity Breakdown by Region and Company Type
• 2011-2021 CSS and PSS volume forecast
• 2011-2021 Core shipment forecasts
• 2011-2021 PSS Revenue Trends
• 2011-2021 CSS revenue Trends
• 2011-2021 Revenue summary
• Alternative LED Substrates p150
• LED-on-si Overview
• LED-on-si cost of ownership
• LED-On-Si status Update
• Key players and strategic positioning
• GaN-On-Gan
• Alternative substrates adoption forecast
• “Optical Wafers” Market Review and Forecast: p160
• Introduction
• Sapphire Components at Apple
• Optical Wafer Manufacturing
• Camera lens covers: overview
• Recent Flagship Phones
• Dual Cameras
• Dual Camera for iPhones
• Lens cover Extraction Schemes
• Camera lens covers: adoption trends
• Sapphire Camera Lens Cover – 2022 Adoption forecast
• Fingerprint reader covers: overview
• Fingerprint reader Technology Trends
• Fingerprint reader covers: alternative technologies
• Fingerprint reader covers: sapphire use
• Fingerprint reader covers: Sapphire Cover adoption trends
• Heart Monitor Sensor covers
• Optical Wafers 2012 -2021 volume and revenue forecast
• Optical Wafers 2012 -2021 ingot (core) forecast
• SmartWatches Market Review & Forecast p182
• Introduction
• Forecasting the Smartwatch market
• Sapphire in Smartwatches: Apple Watch
• Sapphire in Smartwatches: Other brands
• Sapphire in Smartwatches: sapphire adoption rate forecast
• Apple Supply Chain 2015-2016 and Excess Inventory
• Sapphire covers design and slicing pitch
• Sapphire smartwatch cover volume & Revenue forecast
• Sapphire Display Covers p192
• Mobile devices display covers - Overview
• Touch panels – technology overview
• Display and touch sensor structures

8
TABLE OF CONTENTS
• Touch sensors and display panels supply chain
• Display cover manufacturing process
• Potential Benefits of Sapphire display covers: mechanical strength
• Potential Benefits of Sapphire display covers: dielectric constant
• Putting Sapphire to The Test: GTAT vs Corning
• Putting Sapphire to The Test
• Impact of finishing process
• Conclusions on Mechanical Testing
• Major issues of Sapphire display covers: cost etc…
• Major issues with Sapphire display covers: reflectivity
• Anti-Reflection coating
• Can Ion Implantation Solve the Reflectivity Problem?
• Summary
• Current status
• Apple sapphire patent portfolio overview
• Rugged or Curved Displays: Which Strategy for Differentiation?
• 3D displays
• Sapphire Adoption trends
• Motorola Shatterproof Display
• Motorola Shatterproof Display
• Status At Apple
• Scenario: partial roll out in a Premium model
• Conclusions
• Display cover adoption rate forecast 2015-2021.
• Display cover volume forecast 2015-2021
• LED Filaments p225
• Overview
• Filament material
• Filament manufacturing process
• Performance and cost
• Industry Trends
• LED filament 2012-2021 shipment and revenue forecast
• Supply and Demand Analysis p236
• Definitions and metrics
• Brick and core extraction:
• Definitions and metrics: TIE
• From TIE to FIE (4 inch equivalent)?
• Finishing, CSS and PSS Geographic Capacity breakdown
• Crystal Growth Capacity: 2012-2016 evolution by region
• Crystal Growth 2015 to 2016 Capacity Bridge
• Crystal Growth Capacity: Top 20 ranking
• Crystal growth technology breakdown
• Finishing Capacity: 2012-2016 evolution by region
• Finishing: 2015 to 2016 Capacity Bridge
• finishing Capacity: Top 20 ranking
• PSS Capacity: 2012-2016 evolution by region
• PSS: 2015 to 2016 Capacity Bridge
• PSS Capacity: Top 20 ranking

9
TABLE OF CONTENTS
• Material, finishing and PSS Supply vs demand
• Year On Year Capacity Trends
• Why is capacity still increasing?
• The zombie companies
• Attrition and consolidation
• Recent Attrition and Casualties In The Sapphire Industry
• Supply vs demand analysis: no sapphire display cover
• Supply vs demand analysis: sapphire display cover adoption
• Discussion
• Focus on China p269
• Overview
• 2014 vs 2015 Revenue
• Recent Projects
• Aurora Sapphire: Recent Trends
• Aurora sapphire: 2011-2015 revenue and gross margins trends
• Aurora sapphire: 2015 ASP and gross margins per product
• Apple Supply Chain Evolution: Biel and Lens
• Recent Events: Lens
• Recent Events: Biel
• LED Vertical Integration: San’an and Crystaland
• Crystaland 2015 Revenue and Gross Margin Breakdown
• Leading established companies
• Tier-2 and emerging companies
• Focus On Taiwan p288
• Overview
• 2011-2016 Revenue Trends
• 2015 vs 2014 revenue
• Recent Revenue Trends: CAT and Tera Xtal
• Recent Revenue Trends : Crystalwise and Rigidetch
• Recent Revenue Trends : Aceplux and Phecda
• Recent Revenue Trends: Procrystal
• Leading and emerging companies
• Focus On Korea p299
• Overview
• 2014 vs 2015 Revenue
• Recent Revenue Trends (iljin, STC, Hansol)
• Major companies
• Focus On Japan p304
• Overview
• Major companies
• Focus On Europe & Russia p307
• Overview
• Major companies
• Monocrystal

10
TABLE OF CONTENTS
• Focus On North America p3012
• Rubicon
• Rubicon: 2014 and 2015 Revenue Breakdown
• GTAT
• Emerging Applications p317
• Introduction
• Example: Traditional Watch Industry
• Augmented Reality
• MicroLED displays
• Overview
• MicroLED Benefits
• Challenges: Overview
• Challenge in LED epitaxy and chip technologies
• Chip Separation Technologies:
• Chip Handling and Hybridization
• Color Conversion
• Conclusions
• Yole Presentation p332

11
Biography & contact
ABOUT THE AUTHORS
Eric VIREY received a Ph-D in Optoelectronics from the National Polytechnic Institute of Grenoble. He’s held various R&D,
engineering, manufacturing and marketing positions with Fortune 500 company Saint-Gobain in France and the United States. In
its most recent position, he was Market Manager Optoelectronics in charge various product lines and serving the LED, optical
telecommunication and display industries. In parallel, he was leading the corporate “Lighting Community” effort, acting as a
market and technology competitive intelligence evangelist to identify and develop new business opportunities in solid state
lighting and displays (LED/OLEDs) across multiple business units.
Eric has a broad knowledge of the solid state lighting and display value chains. In 2009, he joined Yole Developpement as a Senior
Market andTechnology Analyst for Solid State Lighting and Displays
Eric is also author / co-author of multiple reports (examples below) and contributed to various custom projects.
• LED Packaging
• LED Front End Manufacturing
• III-V Epitaxy
• Bulk GaN
• GaN on Silicon
• Status of the LED Industry
• Sapphire Market & Applications
• Phosphors and Quantum Dots
• …
Contact: virey@yole.fr

12
PRODUCT CATEGORIES AND APPLICATIONS COVERED IN THIS REPORT
Volume and
revenue
forecast for
the check
marked
items are
covered in
this report.
Cores
Bricks
Single side polished Conventional
Sapphire Wafers (CSS) for LED and
Silicon On Sapphire epitaxy
Patterned Sapphire Substrates
(PSS) for LED epitaxy
Double Side Polished
OpticalWafer
Covers for camera lens, fingerprint
reader and heart rate monitor
Covers for camera lens, fingerprint
reader and heart rate monitor

13
LED WAFER FORECAST METHODOLOGY
Our
methodology is
based on both
top bottom and
a bottom up
approach with
dozens of
interviews of
companies
across the
entire value
chain (sapphire,
LED…)
LED Demand by application
(9 Segments / 24 sub segments)
LED Die surface per segment (assuming typical sapphire based LED lm/mm2 output)
Substrate surface per application segment
2” wafer demand* (TIE)
2” material demand
(mm of TIE)
General
Lighting
Personal
Lighting
Projectors Sign and Large
Displays
Automotive Cell Phone Other
displays
LCD TV
Monitors
Netbooks
notebooks
Account for in process and binning yields for
each application
Wafer Diameter breakdown
3” wafer demand (TIE) 4” wafer demand (TIE) 6” wafer demand (TIE)
(mm of TIE)
(mm of TIE)
(mm of TIE)
Account for thickness + core
extraction yields
Sapphire Material Demand (mm ofTIE)
Substrate type: Sapphire / Silicon / GaN – convert surface based on lm/mm2 for each material

14
SAPPHIRE APPLICATION BREAKDOWN
LED remains the
dominant
application in
2016 as
smartwatches
disappoint and
decrease below
2015 levels and
the smartphone
display cover
opportunity
doesn’t take off.
LED Substrates
Optical Wafers
Smartwatch
Cover Glass
Cell Phone
Cover Glass
Huawei
2016 Material Consumption Breakdown Per Applications.
(Note: excludes traditional watches, aerospace, defense etc…)
Kyocera
Total:
XXXM
mm of
TIE
Apple
Apple
Osram

15
LED SUBSTRATES
• China experienced significant attrition and
some consolidations among smaller, tier-3
LED chipmakers. Nevertheless leading
companies such as XXXX and XXX both
kept increasing capacity in a bid to establish
dominance on the domestic market and cash
in on government subsidies about expire and
the end of 2016.
• XXXX now boasts the #1 MOCVD capacity
worldwide ahead of Taiwan-based rival Epistar.
• Overall, despite attrition in most regions
(Taiwan, China, Korea) worldwide MOCVD
capacity has increased by another XX% over
the last 12 months.
• Most companies also increase capacity
through process yield and efficiency. This
includes a reduction of the epilayer thickness,
often enabled by the use of an AlN PVD
buffer layer.
XXX is now
the #1 company
in term of
MOCVD
capacity and 4
Chinese
companies are
in the top 10.

16
CONSUMER ELECTRONIC APPLICATIONS
Dual Cameras
improve depth
of perception,
brightness, low
light and color
performance
HTC M8
(2014)
HTC Butterfly 2
(2014)
Huawei Honor
6+ (2014)
HTC M9+
(2015)
ZTE Axon
(2015)
Huawei P9
(2016)
Xiaomi Redmi
Pro (2016)
LG G5
(2016)
• Dual cameras are emerging as elements of differentiation in flagship cell
phones but have yet to demonstrate that the image quality improvement is
able to drive significant competitive advantage vs the extra cost of
implementation.
• Yole scenario is that dual rear cameras will not see large adoption. On the
other hand, a front dual camera may provide significant improvement in terms
of features such as video calling enhancement capabilities: background removal,
eye contact, parallax correction, avatars, gesture control etc. Front dual
cameras are already featured in the LGV10 introduced in February 2016.
• But adoption in front face camera won’t have any impact on sapphire demand
since the module seats behind the display cover. The LGV10 Front camera

17
TDG
APPLE SUPPLY CHAIN
2014 Camera lens and Fingerprint Reader Material Fluxes 2014 AppleWatch Material Fluxes
Material (Bricks) Slicing + Polishing
Coating + Laser Cutting – Silk
Printing Assembly
2016 Camera lens, Fingerprint Reader and AppleWatch Material Fluxes
2014SupplyChain
< 40%
Others?

18
SMARTWATCHES
• So far most major smartwatch models beside the Apple Watch have been using glass. Only a few models
of Smartwatches offered by consumer electronic companies so far feature Sapphire: Huawei Watch, Garmin fēnix® 3
Sapphire and a few more anecdotic models.
• Sapphire has been more popular among traditional luxury (or high end) watch makers that are attempting to provide
products in the tradition of the Swiss watch industry, yet incorporating connected or smartwatch-like features. This
include for example the TAG Heuer Connected.
Overall
adoption of
sapphire was
limited in
2015 and
driven by
Apple.
Brand
2015 Unit
Shipped
Estimates
% Sapphire
Total
Sapphire
Apple XXM XX% XXM
Google
/Motorola
XXM XX% XX
Samsung XXM XX% XX
Pebble XXM XX% XX
Sony XXM XX% XX
LG XXM XX% XX
Garmin XXM XX% XXM
Huawei XXM XX% XXM
Others XXM XX% XXM
Total XXM XXM The HuaweiWatch features
a sapphire window
2015 smartwatch shipment breakdown (Yole estimates)
Garmin fēnix® 3 Sapphire
features a sapphire window
TheTAG Heuer
Connected feature
a sapphire window

19
PRICE TRENDS
• Continuous excess supply
combined with a significant drop in
LED wafer demand in Q3 and Q4
2015 led to an acceleration of ASP
decrease over the last 12 months.
• We expect ASP to stabilize in Q4-
2016. Price will resume a
downward trend in 2017 but most
likely at a slower pace than in 2015
and 2016.
• For 4” wafers, most companies are
operating with very low or
negative gross margins. There is still
room for decrease of 6” products
where companies able to grow
larger crystals (>80 or 100kg)
while maintaining high yields are at
an advantage.
• Chinese suppliers capture higher
ASP (10% of more) because their
products are no subject to duty
taxes on their domestic market
ASP have
decrease
more than
30% per year
in 2015 and
2016 with
cores the
hardest hit.
Cores
Average
2014
Average
2015
Average
2016 (F)
2015 vs
2014
2016 vs
2015
2" $ 3.6 $ 2.0 $ 1.0 -44% -51%
4" $ 14.9 $ 9.3 $ 5.5 -38% -40%
6" $ 40.3 $ 31.0 $ 21.2 -23% -32%
Average: -35% -41%
CSS
Average
2014
Average
2015
Average
2016
2015 vs
2014
2016 vs
2015
2" $ 6.9 $ 5.2 $ 3.3 -25% -38%
4" $ 30.0 $ 22.0 $ 14.4 -27% -35%
6" $ 121.0 $100.0 $ 73.8 -17% -26%
Average: -23% -33%
PSS
Average
2014
Average
2015
Average
2016
2015 vs
2014
2016 vs
2015
2" $ 12.8 $ 9.6 $ 6.0 -25% -38%
4" $ 51.0 $ 36.0 $ 23.9 -29% -34%
6" $ 155.3 $ 121.3 -22%
Average: -27% -31%

20
2015 REVENUE
In this depressed
pricing trend and
increasing captive
market, revenue
decreased XX% in
2015 despite an
overall XX%
volume increase.
The top 5
companies
captured XX% and
the top 20 XX%
• The revenue below include: cores and bricks, finished wafers (LED, SOS and optical wafers), PSS and other optical
products (windows, etc…). Finished components with coating, silk printing etc…are NOT included.
2015
Ranking
Company Local Name
2015
Revenue
2014
Revenue
Previous
Ranking
1 Rigidtech (TW) 銳捷科技股份有限公司 $ 75 $ 79 3
2 Aurora Sapphire (CN) 哈尔滨奥瑞德光电技术股份有限公司 $ 71 $ 74 4
3 Monocrystal (RU) Монокристалл $ 69 $ 87 1
4 Namiki (JP) 並木精密宝石 $ 67 $ 87 1
5 Crystalwise (TW) 兆遠科技股份有限公司 $ 53 $ 71 5
6 Kyocera (JP) 京セラ $ 47 $ 61[1] 7
7 Crystal AppliedTechnology (TW) 晶美應用材料股份有限公司 $ 47 $ 64 6
8 Crystaland (CN) 云南蓝晶科技股份有限公司 $ 46 $ 31 14
9 JeShine (CN) 江苏吉星新材料有限公司 $ 43 $ 22 21
10 Hansol Technics (KR) 한솔테크닉스 $ 36 $ 44 10
11 Iljin Display (KR) 일진디스플레이 $ 32 $ 38 12
12 SSLM (KR) 에스에스엘엠 주식회사 $ 27 $ 25 18
13 Sapphire Technology (KR) 사파이어테크놀로지 $ 26 $ 46 8
14 Sinopat (CN) 东莞市中镓半导体科技有限公司 $ 26 $ 28 17
15 TDG Core (CN) 天通银厦新材料有限公司 $ 25 $ 11 29
16 Rubicon (US) $ 24 $ 46 9
17 GAPSS (CN) 徐州同鑫光电科技有限公司 $ 23 $ 32 13
18 Tera Xtal (TW) 鑫晶鑽科技股份有限公司 $ 22 $ 42 11
19 Crystal Optech (CN) 浙江水晶光电科技股份有限公司 $ 21 $ 25 19
20 NJC (CN) 南京京晶光电科技有限公司 $ 18 $ 29 15
21 Others: $ 207 $ 304
22 Total $ 1,005 $ 1,246
[1] Revised ©2016 | www.yole.fr | Sapphire Applications and Market 2016: LED and Consumer Electronics | Sample

21
EXAMPLE: SAPPHIRE WAFER PROCESS
Crystal Growth
Boule Cropping,
X-Ray orientation, Core
Extraction & Cropping
Core cropping, X-ray core
orientation, OD grinding /
orientation adjustment,
Notch or flat grinding
Picture:Thermal
Technology
Illustration :Rubicon
Technology
Metrology: Thickness,
BOW, TTV, TV5
Thickness and quality
sorting (up to 30 bins)
Illustration: Meyer Burger
Slicing
Illustration: Meyer Burger Illustration: Meyer Burger
Lapping or Grinding
Picture:TeraXtal
Shape measurement, flip
sorting (concave / convex)
Mechanical Polishing
+ CMP
Picture:Corning/Tropel
Metrology (Bow, Warp,
TTV, LTV, Sori, Sag…)
Laser marking
Final cleaning
Core mounting

22
2011-2021 SAPPHIRE WAFER START BY DIAMETER
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXXXXXXXX
XXX.

23
NANO-PSS
• Nano PSS (NPSS) are similar to traditional PSS but use sub-micron patterns with typical dimension in the 250 to
1000 nm range. Compared to traditional PSS, NPSS have been reported to increases Light Extraction Efficiency
(LEE) at the chip level by another 10-20% versus standard PSS.
• Due to the lower depth and higher density of the patterns, NPSS also reduces etching and epitaxial coalescence
times.This could increase MOCVD throughput and lower equipment cost.
NPSS could
increase light
output by 10-
20% versus
standard PSS and
could increase
MOCVD
throughput. But
they are
challenging to
manufacture.
CSS PSS NPSS
Light with large incident angle is
reflected and eventually re-
absorbed.
Light with large incident angle is
reflected at a different angle,
increasing chances to escape
Light with large incident angle is scattered
at multiple angles (diffuse reflection)
further increasing chances to escape
Closer patterns promote faster coalescence
and dislocation annihilation

24
INDUSTRY TRENDS
• Epistar has acquired a significant
patent portfolio around LED
filament and is cooperating with
downstream customers including
leading Chinese LED packager and
LED luminaire manufacturer XXX
(XXX) to design LED filament bulb
and specific chips.
• MLS is significantly expanding its
LED filament bulb business. In
January 2016, it announced the
acquisition of XXX a Hong Kong
based CFL and halogen lamp
manufacturer which entered the
LED Filament bulb market in 2009
and has more than 200 references
on its catalog under its “Luxtek”
brand.
• Other Epistar licensees include
XXX and XXX
Source: Epistar
Epistar has a
strong IP
position on
LED filament
technologies.

25
CRYSTAL GROWTH CAPACITY: 2012-2016 EVOLUTION BY REGION
Global crystal
growth
capacity
tripled over
the last 4
years, and kept
increasing in
2015-2016
despite
significant
overcapacity
• Despite some attrition, global crystal
growth capacity keeps increasing.
• In China, capacity increased XXXx in the
last 4 years, faster than any other region.
China increased its capacity share from
XXX% in 2012 to XXX% in 2016.
• China experienced a 1st wave of investment
in 2010-2011, driven by subsidies in the LED
market and a 2nd in 2014, driven by hopes
of the emergence of display cover
applications.
• However, we’re starting to see some
attrition: companies such as Shangcheng and
Hyperion Geocrystal have stopped crystal
growth activities.
• Many other companies have not officially
pulled the plug but their capacity is mostly
frozen. The numbers on the graphs
presented on this page therefore represent
the installed capacity rather than the
currently active capacity.
Note: breakdown based on capacity physically present in each region (not by headquarter
location of the company)
2015
2014
2012
2016
Total: XXX
million of
mm ofTIE
per month as
of Q3-2016

26
MONOCRYSTAL
The company
keeps
increasing
capacity
through
process
improvement
and new
equipment
Monocrystal capacity evolution Top: Monocrystal 300kg KY boule.
Bottom: bricks and cores.
14
Finishing capacity
increasing to XXM by
the end of 2016

27
OVERVIEW
• In a typical display, each pixel is constituted of Red, Green and Blue (RGB) subpixels controlled independently
by a matrix of transistors.
• The idea behind MicroLED displays is to use individual, small LED chips as the sub-pixel. Typical sizes are below
100 µm, often as small as 10-20 µm. The chips are positioned and connected to the transistor matrix via a pick
and place process.
µLED display
is a self
emitting
display
technologies
where each
subpixel is an
individual
LED chip
Red, Green, Blue LED
Epiwafers
Chip singulation Sorting and Pick and place +
hybridization to the transistor matrix

28
RELATED REPORTS
Discover more related reports
within our bundles here.

ORDER FORM
Sapphire Applications and Market 2016: LED and Consumer Electronics
SHIPPING CONTACT
First Name:
Email:
Last Name:
Phone:
PAYMENT
BY CREDIT CARD
Visa Mastercard Amex
Name of the Card Holder:
Credit Card Number:
Card Verification
Value (3 digits except AMEX: 4 digits):
Expiration date:
BY BANK TRANSFER
BANK INFO: HSBC, 1 place de la Bourse,
F-69002 Lyon, France,
Bank code: 30056, Branch code: 00170
Account No: 0170 200 1565 87,
SWIFT or BIC code: CCFRFRPP,
IBAN: FR76 3005 6001 7001 7020 0156 587
RETURN ORDER BY
• FAX: +33 (0)472 83 01 83
• MAIL: YOLE DÉVELOPPEMENT, Le Quartz,
75 Cours Emile Zola, 69100 Villeurbanne/Lyon - France
SALES CONTACTS
• North America: Steve Laferriere - laferriere@yole.fr
• Japan Asia: Takashi Onozawa - onozawa@yole.fr
• Greater China: Mavis Wang - wang@yole.fr
• Europe RoW: Lizzie Levenez - levenez@yole.fr
• General: info@yole.fr
(1)
Our Terms and Conditions of Sale are available at
www.yole.fr/Terms_and_Conditions_of_Sale.aspx
The present document is valid 24 months after its publishing date:
September 12, 2016
/
ABOUT YOLE DEVELOPPEMENT
BILL TO
Name (Mr/Ms/Dr/Pr):
Job Title:
Company:
Address:
City:
State:
Postcode/Zip:
Country*:
*VAT ID Number for EU members:
Tel:
Email:
Date:
PRODUCT ORDER
Please enter my order for above named report:
One user license*: Euro 5,490
Multi user license: Euro 6,490
- The report will be ready for delivery from September 12, 2016
- For price in dollars, please use the day’s exchange rate. All reports are
delivered electronically at payment reception. For French customers,
add 20% for VAT
I hereby accept Yole Développement’s Terms and Conditions of Sale(1)
Signature:
*One user license means only one person at the company can use the report.
Founded in 1998, Yole Développement has grown to become a group of companies providing marketing, technology and strategy consulting, media in addition to
corporate finance services. With a strong focus on emerging applications using silicon and/or micro manufacturing (technology or process), Yole Développement
group has expanded to include more than 50 associates worldwide covering MEMS, Compound Semiconductors, LED, Image Sensors, Optoelectronics, Microfluidics
Medical, Photovoltaics, Advanced Packaging, Manufacturing, Nanomaterials and Power Electronics. The group supports industrial companies, investors and RD
organizations worldwide to help them understand markets and follow technology trends to develop their business.
MEDIA EVENTS
• i-Micronews.com, online disruptive technologies website
• @Micronews, weekly e-newsletter
• Communication webcasts services
• Events: Yole Seminars, Market Briefings…
More information on www.i-micronews.com
CONTACTS
For more information about :
• Consulting Services: Jean-Christophe Eloy (eloy@yole.fr)
• Financial Services: Jean-Christophe Eloy (eloy@yole.fr)
• Report Business: Fayçal Khamassi (khamassi@yole.fr)
• Press relations: Sandrine Leroy (leroy@yole.fr)
CONSULTING
• Market data research, marketing analysis
• Technology analysis
• Reverse engineering costing services
• Strategy consulting
• Patent analysis
More information on www.yole.fr
REPORTS
• Collection of technology market reports
• Manufacturing cost simulation tools
• Component reverse engineering costing
analysis
• Patent investigation
More information on www.i-micronews.com/reports
FINANCIAL SERVICES
• Mergers Acquisitions
• Due diligence
• Fundraising
More information on Jean-Christophe Eloy
(eloy@yole.fr)

Definitions: “Acceptance”: Action by which the Buyer accepts
the terms and conditions of sale in their entirety. It is done by
signing the purchase order which mentions “I hereby accept
Yole’s Terms and Conditions of Sale”.
“Buyer”: Any business user (i.e. any person acting in the course
of its business activities, for its business needs) entering into the
following general conditions to the exclusion of consumers acting
in their personal interests.
“Contracting Parties” or “Parties”: The Seller on the
one hand and the Buyer on the other hand.
“Intellectual Property Rights” (“IPR”) means any
rights held by the Seller in its Products, including any patents,
trademarks, registered models, designs, copyrights, inventions,
commercial secrets and know-how, technical information,
company or trading names and any other intellectual property
rights or similar in any part of the world, notwithstanding the fact
that they have been registered or not and including any pending
registration of one of the above mentioned rights.
“License”: For the reports and databases, 3 different licenses
are proposed. The buyer has to choose one license:
• One user license: one person at the company can use the report.
• Multi-user license: the report can be used by unlimited users
within the company. Subsidiaries and Joint-Ventures are not
included.
• Corporate license: purchased under “Annual Subscription”
program, the report can be used by unlimited users within the
company. Joint-Ventures are not included.
“Products”: Depending on the purchase order, reports or
database on MEMS, CSC, Optics/MOEMS, Nano, bio… to
be bought either on a unit basis or as an annual subscription.
(i.e. subscription for a period of 12 calendar months). The
annual subscription to a package (i.e. a global discount based
on the number of reports that the Buyer orders or accesses
via the service, a global search service on line on I-micronews
and a consulting approach), is defined in the order. Reports are
established in PowerPoint and delivered on a PDF format and the
database may include Excel files.
“Seller”: Based in Lyon (France headquarters), Yole
Développement is a market research and business development
consultancy company, facilitating market access for advanced
technology industrial projects. With more than 20 market
analysts, Yole works worldwide with the key industrial companies,
RD institutes and investors to help them understand the markets
and technology trends.
1. SCOPE
1.1 The Contracting Parties undertake to observe the following
general conditions when agreed by the Buyer and the Seller.
ANY ADDITIONAL, DIFFERENT, OR CONFLICTING
TERMS AND CONDITIONS IN ANY OTHER DOCUMENTS
ISSUED BY THE BUYER AT ANY TIME ARE HEREBY
OBJECTED TO BY THE SELLER, SHALL BE WHOLLY
INAPPLICABLE TO ANY SALE MADE HEREUNDER AND
SHALL NOT BE BINDING IN ANY WAY ON THE SELLER.
1.2 This agreement becomes valid and enforceable between the
Contracting Parties after clear and non-equivocal consent
by any duly authorized person representing the Buyer. For
these purposes, the Buyer accepts these conditions of sales
when signing the purchase order which mentions “I hereby
accept Yole’s Terms and Conditions of Sale”. This results in
acceptance by the Buyer.
1.3 Orders are deemed to be accepted only upon written
acceptance and confirmation by the Seller, within [7 days] from
the date of order, to be sent either by email or to the Buyer’s
address. In the absence of any confirmation in writing, orders
shall be deemed to have been accepted.
2. MAILING OF THE PRODUCTS
2.1 Products are sent by email to the Buyer:
• within [1]
month from the order for Products already
released; or
• within a reasonable time for Products ordered prior to
their effective release. In this case, the Seller shall use its best
endeavours to inform the Buyer of an indicative release date
and the evolution of the work in progress.
2.2 Some weeks prior to the release date the Seller can propose
a pre-release discount to the Buyer
The Seller shall by no means be responsible for any delay in
respect of article 2.2 above, and including incases where a
new event or access to new contradictory information would
require for the analyst extra time to compute or compare
the data in order to enable the Seller to deliver a high quality
Products.
2.3 The mailing of the Product will occur only upon payment
by the Buyer, in accordance with the conditions contained
in article 3.
2.4. The mailing is operated through electronic means either by
email via the sales department or automatically online via an
email/password. If the Product’s electronic delivery format
is defective, the Seller undertakes to replace it at no charge
to the Buyer provided that it is informed of the defective
formatting within 90 days from the date of the original
download or receipt of the Product.
2.5 The person receiving the Products on behalf of the Buyer
shall immediately verify the quality of the Products and their
conformity to the order. Any claim for apparent defects or
for non-conformity shall be sent in writing to the Seller within
8 days of receipt of the Products. For this purpose, the Buyer
agrees to produce sufficient evidence of such defects. .
2.6 No return of Products shall be accepted without prior
information to the Seller, even in case of delayed delivery.
Any Product returned to the Seller without providing prior
information to the Seller as required under article 2.5 shall
remain at the Buyer’s risk.
3. PRICE, INVOICING AND PAYMENT
3.1 Prices are given in the orders corresponding to each Product
sold on a unit basis or corresponding to annual subscriptions.
They are expressed to be inclusive of all taxes. The prices
may be reevaluated from time to time. The effective price is
deemed to be the one applicable at the time of the order.
3.2 Yole may offer a pre release discount for the companies willing
to acquire in the future the specific report and agreeing on the
fact that the report may be release later than the anticipated
release date. In exchange to this uncertainty, the company will
get a discount that can vary from 15% to 10%.
3.3 Payments due by the Buyer shall be sent by cheque payable to
Yole Développement, credit card or by electronic transfer to
the following account:
HSBC, 1 place de la Bourse 69002 Lyon France
Bank code: 30056
Branch code: 00170
Account n°: 0170 200 1565 87
BIC or SWIFT code: CCFRFRPP
IBAN: FR76 3005 6001 7001 7020 0156 587
To ensure the payments, the Seller reserves the right to request
down payments from the Buyer. In this case, the need of down
payments will be mentioned on the order.
3.4 Payment is due by the Buyer to the Seller within 30 days
from invoice date, except in the case of a particular written
agreement. If the Buyer fails to pay within this time and fails
to contact the Seller, the latter shall be entitled to invoice
interest in arrears based on the annual rate Refi of the «BCE»
+ 7 points, in accordance with article L. 441-6 of the French
Commercial Code. Our publications (report, database, tool...)
are delivered only after reception of the payment.
3.5 In the event of termination of the contract, or of misconduct,
during the contract, the Seller will have the right to invoice
at the stage in progress, and to take legal action for damages.
4. LIABILITIES
4.1 The Buyer or any other individual or legal person acting on
its behalf, being a business user buying the Products for its
business activities, shall be solely responsible for choosing the
Products and for the use and interpretations he makes of the
documents it purchases, of the results he obtains, and of the
advice and acts it deduces thereof.
4.2 The Seller shall only be liable for (i) direct and (ii) foreseeable
pecuniary loss, caused by the Products or arising from a
material breach of this agreement
4.3 In no event shall the Seller be liable for:
a) damages of any kind, including without limitation, incidental
or consequential damages (including, but not limited to,
damages for loss of profits, business interruption and loss of
programs or information) arising out of the use of or inability
to use the Seller’s website or the Products, or any information
provided on the website, or in the Products;
b) any claim attributable to errors, omissions or other
inaccuracies in the Product or interpretations thereof.
4.4 All the information contained in the Products has been
obtained from sources believed to be reliable. The Seller
does not warrant the accuracy, completeness adequacy or
reliability of such information, which cannot be guaranteed to
be free from errors.
4.5 All the Products that the Seller sells may, upon prior notice
to the Buyer from time to time be modified by or substituted
with similar Products meeting the needs of the Buyer. This
modification shall not lead to the liability of the Seller,
provided that the Seller ensures the substituted Product is
similar to the Product initially ordered.
4.6 In the case where, after inspection, it is acknowledged that
the Products contain defects, the Seller undertakes to replace
the defective products as far as the supplies allow and without
indemnities or compensation of any kind for labor costs,
delays, loss caused or any other reason. The replacement is
guaranteed for a maximum of two months starting from the
delivery date. Any replacement is excluded for any event as set
out in article 5 below.
4.7 The deadlines that the Seller is asked to state for the mailing
of the Products are given for information only and are not
guaranteed. If such deadlines are not met, it shall not lead to
any damages or cancellation of the orders, except for non
acceptable delays exceeding [4] months from the stated
deadline, without information from the Seller. In such case only,
the Buyer shall be entitled to ask for a reimbursement of its first
down payment to the exclusion of any further damages.
4.8 The Seller does not make any warranties, express or implied,
including, without limitation, those of sale ability and fitness for
a particular purpose, with respect to the Products. Although
the Seller shall take reasonable steps to screen Products for
infection of viruses, worms, Trojan horses or other codes
containing contaminating or destructive properties before
making the Products available, the Seller cannot guarantee
that any Product will be free from infection.
5. FORCE MAJEURE
The Seller shall not be liable for any delay in performance directly
or indirectly caused by or resulting from acts of nature, fire, flood,
accident, riot, war, government intervention, embargoes, strikes,
labor difficulties, equipment failure, late deliveries by suppliers or
other difficulties which are beyond the control, and not the fault
of the Seller.
6. PROTECTION OF THE SELLER’S IPR
6.1 All the IPR attached to the Products are and remain the
property of the Seller and are protected under French and
international copyright law and conventions.
6.2 The Buyer agreed not to disclose, copy, reproduce,
redistribute, resell or publish the Product, or any part of it
to any other party other than employees of its company. The
Buyer shall have the right to use the Products solely for its
own internal information purposes. In particular, the Buyer
shall therefore not use the Product for purposes such as:
• Information storage and retrieval systems;
• Recordings and re-transmittals over any network (including
any local area network);
• Use in any timesharing, service bureau, bulletin board or
similar arrangement or public display;
• Posting any Product to any other online service (including
bulletin boards or the Internet);
• Licensing, leasing, selling, offering for sale or assigning the
Product.
6.3 The Buyer shall be solely responsible towards the Seller of
all infringements of this obligation, whether this infringement
comes from its employees or any person to whom the Buyer
has sent the Products and shall personally take care of any
related proceedings, and the Buyer shall bear related financial
consequences in their entirety.
6.4 The Buyer shall define within its company point of contact for
the needs of the contract. This person will be the recipient
of each new report in PDF format. This person shall also be
responsible for respect of the copyrights and will guaranty that
the Products are not disseminated out of the company.
6.5 In the context of annual subscriptions, the person of contact
shall decide who within the Buyer, shall be entitled to access
on line the reports on I-micronews.com. In this respect, the
Seller will give the Buyer a maximum of 10 password, unless
the multiple sites organization of the Buyer requires more
passwords. The Seller reserves the right to check from time
to time the correct use of this password.
6.6 In the case of a multisite, multi license, only the employee
of the buyer can access the report or the employee of the
companies in which the buyer have 100% shares. As a matter
of fact the investor of a company, the joint venture done with
a third party etc..cannot access the report and should pay a
full license price.
7. TERMINATION
7.1 If the Buyer cancels the order in whole or in part or postpones
the date of mailing, the Buyer shall indemnify the Seller for
the entire costs that have been incurred as at the date of
notification by the Buyer of such delay or cancellation. This
may also apply for any other direct or indirect consequential
loss that may be borne by the Seller, following this decision.
7.2 In the event of breach by one Party under these conditions
or the order, the non-breaching Party may send a notification
to the other by recorded delivery letter upon which, after a
period of thirty (30) days without solving the problem, the
non-breaching Party shall be entitled to terminate all the
pending orders, without being liable for any compensation.
8. MISCELLANEOUS
All the provisions of these Terms and Conditions are for the
benefit of the Seller itself, but also for its licensors, employees
and agents. Each of them is entitled to assert and enforce those
provisions against the Buyer.
Any notices under these Terms and Conditions shall be given in
writing. They shall be effective upon receipt by the other Party.
The Seller may, from time to time, update these Terms and
Conditions and the Buyer, is deemed to have accepted the latest
version of these terms and conditions, provided they have been
communicated to him in due time.
9. GOVERNING LAW AND JURISDICTION
9.1 Any dispute arising out or linked to these Terms and
Conditions or to any contract (orders) entered into in
application of these Terms and Conditions shall be settled
by the French Commercial Courts of Lyon, which shall have
exclusive jurisdiction upon such issues.
9.2 French law shall govern the relation between the Buyer and
the Seller, in accordance with these Terms and Conditions.
TERMS AND CONDITIONS OF SALES

Yole Développement
FromTechnologies to Market

30©2016 | www.yole.fr | About Yole Développement
MEMS
Sensors
LED
Compound
Semi.
Imaging Photonics
MedTech
Manufacturing
Advanced Packaging
Batteries / Energy
Management
Power
Electronics
FIELDS OF EXPERTISE
Yole Développement’s 30 analysts operate in the following areas

31
4 BUSINESS MODELS
o Consulting and Analysis
• Market data research, marketing analysis
• Technology analysis
• Strategy consulting
• Reverse engineering costing
• Patent analysis
www.yole.fr
o Reports
• Market Technology reports
• Patent Investigation and patent infringement risk
analysis
• Teardowns Reverse Costing Analysis
• Cost SimulationTool
www.i-Micronews.com/reports
o Financial services
• MA (buying and selling)
• Due diligence
• Fundraising
• Maturation of companies
• IP portfolio management optimization
www.yolefinance.com
www.bmorpho.com
o Media
• i-Micronews.com website
• @Micronews e-newsletter
• Communication webcast services
• Events
www.i-Micronews.com

32
A GROUP OF COMPANIES
Market,
technology and
strategy
consulting
www.yole.fr
MA operations
Due diligences
www.yolefinance.com
Fundraising
Maturation of companies
IP portfolio management optimization
www.bmorpho.com
Manufacturing costs analysis
Teardown and reverse engineering
Cost simulation tools
www.systemplus.fr
IP analysis
Patent assessment
www.knowmade.fr

34
SERVING THE ENTIRE SUPPLY CHAIN
Our analysts
provide market
analysis,
technology
evaluation, and
business plan
along the
entire supply
chain
Integrators and
end-users
Device
makers
Suppliers: material,
equipment, OSAT,
foundries…
Financial investors,
RD centers

35
CONTACT INFORMATION
Follow us on
• Consulting and Specific Analysis
• North America: Steve LaFerriere, Director of Northern America Business Development
Email: laferriere@yole.fr
• Asia:Takashi Onozawa, Representative Director,Yole KK.
Email: onozawa@yole.fr
• RoW: Jean-Christophe Eloy, CEO President,Yole Développement
Email eloy@yole.fr
• Report business
• North America: Steve LaFerriere, Director of Northern America Business Development
Email: laferriere@yole.fr
• Europe: Lizzie Levenez, EMEA Business Development Manager
Email: levenez@yole.fr
• Japan Asia:Takashi Onozawa, Representative Director,Yole KK.
Email: onozawa@yole.fr
• Greater China: Mavis Wang, Business Development Director
Email: wang@yole.fr
• Financial services
• Jean-Christophe Eloy, CEO President
Email: eloy@yole.fr
• General
• Email: info@yole.fr

Sapphire Applications & Market 2016: LED and Consumer Electronic - 2016 Report by Yole Developpement

Recommandé

Recommandé

Contenu connexe

Plus de Yole Developpement

Plus de Yole Developpement (20)

Dernier

Dernier (20)

Sapphire Applications & Market 2016: LED and Consumer Electronic - 2016 Report by Yole Developpement