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Japan’s FPD equipment sales face short-term slump, G8 substrate OLED panel investments signal a promising rebound

The Semiconductor Equipment Association Japan (SEAJ) released its January 2024 report, projecting a 25% decline to JPY321.1 billion (US$2.2 billion) in Japan’s Flat Panel Display (FPD) manufacturing equipment sales for the fiscal 2023 (April 2023-March 2024). This reduction is attributed to diminished investments by panel manufacturers in large-scale projects.