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Nitto Denko, Nissha Printing and TPK are major thin film type of
touch panel suppliers for 7.85” iPad-mini

Description:    We reiterate that Apple is ready to adopt Glass/Film type of touch sensor instead of Glass/Glass or
                Glass/Film/Film for the upcoming 7.85-inch iPad-mini in 3Q12. In our view, this DITO (double-sided
                ITO) film type of touch solution could significantly reduce overall touch module thickness while
                maintain a good transparency and touch sensitivity. In our belief, DITO film type of touch panel is
                PET film-based which (1) Nitto Denko - manufactures the PET substrate and deposits ITO (Indium
                tin oxide) and metal layers on both sides of it, (2) Nissha Printing - patterns the ITO film and metal
                frame to achieve DITO touch sensor via lithography and wet-etching process, and (3) TPK - bonds
                the FPC with the touch panels and process back-end lamination to achieve Glass/Film touch panel

                Isaiah’s Key Takeaways from our research:

                1. Nitto Denko may supply DITO films through Roll-to-Roll process to Nissha.

                2. Nissha Printing appears to be major G/F type of touch sensor supplier for Apple’s 7.85” iPad

                3. TPK maybe in charge of FPC bonding and back-end lamination process.

                Figure 1: 7.85” iPad-mini Touch Panel Module Supply Chain Overview

                Figure 2: G/F Type of Touch Panel Module Production Flow Chart

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               Product Name:           Nitto Denko, Nissha Printing and TPK are major thin film type of touch panel
                                       suppliers for 7.85” iPad-mini
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Description: For the army of Microsoft Windows 8 Tablet PC, Apple will be officially released in the third quarter of 2012, and started selling the iPad Mini Tablet PC, the expected iPad Mini Tablet PC lowest price will be between $ 249 to $ 299, and Applethe foundry before the end of 2012, more than 6 million units of the iPad Mini Tablet PC. Apple iPad Mini display size of 7.85 inches, the display resolution of 2048x1536 pixels, this resolution with the same brand-new iPad, users can directly use the iPad 2 on the application without the need to go through the transplant and re-development of the developers.