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Chinese firm tops LCD panel market: Wins half of market

via:快科技     time:2021/11/25 11:01:06     readed:82

Samsung is to close its LCD factory and plans to sell some of its production line equipment to China's BOE and Huaxing Optoelectronics.

Samsung's withdrawal from the LCD market is nothing new. Last year, Samsung and LG, the two major South Korean panel manufacturers, decided to close their domestic LCD panel factories. LG only kept a large LCD panel factory in Guangzhou, and Samsung sold its domestic LCD factory to TCL.

But since the second half of last year, when LCD panel prices soared, Samsung and LG have delayed their withdrawal.But after September, when LCD panel prices began to fall again, Samsung finally decided to close the plant.

With the closure of its LCD panel business, Samsung is focusing on OLED panels, though it won't abandon LCD TVS entirely,The required LCD panels will be outsourced, with larger panels from Chinese manufacturers such as BOE and TCL costing less than what they produce themselves.

According to Omida, a market research firm, China has gradually become the world's largest LCD producer, with its share of LCD production rising from 23 percent in 2015 to 46 percent at the end of 2019, more than half in 2020, and 60 percent in 2023.

At present, BOE continues to occupy the first place in the world in the sales market share of five mainstream products including smart phone LCD display, tablet COMPUTER display, laptop computer display, monitor display and TV display.


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