70 lcd screen made in china

Chinese TV panel manufacturers are investing heavily in large-size screens with high-definition and cutting-edge technologies, a move that China"s display panel industry hopes will help it to make headway against overseas competitors.

Shipments of liquid crystal display (LCD) TV panels worldwide totaled 284 million last year, up 8.4 percent year-on-year, according to a report released by Beijing-based market researcher Sigmaintell Consulting.

BOE Technology Group Co Ltd, a leading domestic display producer, topped the global list for LCD TV panel shipments, shipping 54.3 million TV panels last year, up 27 percent year-on-year. LG Display followed with 48.6 million panels and Innolux Display Group with 45.1 million.

Sigmaintell estimated that large-screen TVs will witness explosive growth, and the proportion of 65-inch panels will increase to 7.3 percent in 2019, fuelled by the increased demand from both the consumer and commercial markets.

After BOE"s Gen 10.5 TFT-LCD production line entered operation in Hefei, Anhui province, in December 2017, the company"s production capacity increased by over 40 percent in 2018 year-on-year, according to Sigmaintell. The plant produces high-definition LCD screens of 65 inches and above.

"The traditional LCD TV market is almost saturated and OLED TVs with innovative designs are in line with ongoing consumption upgrading," said Dong Min, vice-president of market consultancy All View Cloud.

Shenzhen China Star Optoelectronics Technology Co Ltd, a subsidiary of Chinese consumer electronics giant TCL Corp, said in November its Gen 11 TFT-LCD and active-matrix OLED production line had officially entered operation. The facility produces 43-inch, 65-inch and 75-inch LCD screens.

In addition to large screens, the company started to build a sixth-generation low-temperature polysilicon active-matrix OLED display panel production line in Wuhan, Hubei province, in 2017.

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2 Min ReadA visitor looks at a liquid crystal display (LCD) television made with LG Display flat screens during LG Display"s 2009 fourth quarter earnings report presentation in Seoul January 20, 2010. REUTERS/Jo Yong-Hak

The liquid crystal display (LCD) industry is enjoying brisk demand for flat-screen TVs helped by Chinese holidays and sports events such as the Winter Olympics.

Shares in LG Display, the world’s second-biggest LCD panel maker behind Samsung Electronics Co Ltd, fell 3.8 percent, lagging the wider market’s 1 percent loss. Samsung shares fell 2 percent.