boe the largest lcd panel maker supplier

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

BOE, China’s largest display company, was listed as a major panel supplier in Samsung Electronics’ business report. BOE has filled the vacancy created by Samsung Display’s phased reduction of large LCD panels for TVs.

The business report, which was registered with the Financial Supervisory Service’s electronic disclosure system, listed three major display panel suppliers for the company"s consumer electronics (CE) sector in 2021 -- BOE and CSOT of China and AUO of Taiwan. BOE was newly added as a major supplier. BOE surpassed LG Display in 2018 to become the world’s No. 1 LCD manufacturer.

Samsung Display decided in early 2021 to stop producing large LCD panels beginning from 2022. The decision was made to speed up its transition to next-generation QD-OLED panels as the profitability of the LCD business fell significantly due to a price war with Chinese companies.

It stopped the operation of L7 at Asan Campus in South Chungcheong Province, which had produced large LCD panels, in March 2021. An 8th-generation LCD production line at the Suzhou plant in China was sold in April 2021. However, it is still operating some of its large LCD production facilities at Asan Campus at the request of Samsung Electronics. Samsung Display is considering shutting down these facilities within June 2022.

Industry insiders say that Samsung Display"s withdrawal from the LCD business has weakened Samsung Electronics" bargaining power in negotiations with Chinese vendors.

Samsung Electronics’ price burden for TV panels has nearly doubled over the past year. The Samsung Electronics business report says that the company spent 10,582.3 billion won on purchasing display panels in 2021. This was an increase of 94.2 percent from the previous year (5,448.3 billion won). The main factor behind the increase is a rise in LCD panel prices. Samsung Electronics explained that prices of TV panels rose about 39 percent on year in 2021.

Industry insiders say one solution is to accelerate a shift to OLED-based TVs. Chinese panel makers are investing aggressively to develop large OLED panel technologies, but they have not yet reached the volume production stage.

Samsung Electronics is negotiating with Samsung Display and LG Display over the release of OLED TVs. LG Display is the only company that mass produces large OLED panels. It can produce 10 million TV panels annually. Samsung Display started mass production of large OLED panels at the end of 2021. The two Korean OLED panel makers adopt white (W) and blue (B) light sources, respectively.

BOE Technology Group Co., Ltd., also known as Jingdongfang, is a China-based electronics and semiconductor company with its headquarters located in Beijing, China. Being an electronics company, BOE Technology exactly knows how much effort it takes to stay strong among great competition from its peers. And, it is tougher to be popular and stay relevant, when the big names from foreign countries are your competitors. BOE Technology is one of the biggest examples of how local products can also be the best, and how buying local products can help the country’s economy, too.

BOE Technology is among the leading electronics company in China and expertise in electronics health care, the internet of things, and photovoltaics, such that it produces products like interface devices, smart medicine, smart IoT systems as well as engineering integration-related products. BOE Technology is also famous as the largest supplier of LCD, OED, and flexible/foldable displays. The company also manufactures and sells fingerprint sensors, optoelectronic sensors, and solar panels.

The sudden rise in revenues helped BOE Technology list the B shares on the Shenzhen Stock Exchange, in 1997. The company was then renamed BOE Technology Group Co., Ltd. in 2001. It made its first acquisition in the same year, where it bought the LCD and OLED businesses of

BOE Technology put the foundation of the BOE Energy Technology Co., Ltd and entered the photovoltaic business in 2009. The company expanded overseas when it opened its branch and an R&D center in Tokyo, Japan (2011) and Santa Clara in Silicon Valley, California (2012). In 2015 and 2016, BOE Technology opened offices in Frankfurt Germany, and New Delhi, India, respectively. In the following years, the company expanded to Dubai, Brazil, Indonesia, South Africa, etc.

Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.

Latest research from Omdia has found that Chinese display maker BOE has led the market in shipments of large area TFT LCD displays in December 2021, both in units and total area shipped. This accounts for nearly one-third of whole unit shipments, as the industry set new records for shipments for the month and year.

Pandemic restrictions impacted demand for and spending across home entertainment products with display shipments of TV and IT devices experiencing a growth surge. The total of large area TFT display shipments rose to a record 89.4 million square meters in December, reflecting a 4 percent month-on-month increase over November, as well as 5 percent Year on Year growth (YoY), Omdia reported in its latest Large Area Display Market Tracker.

For the full year, large area TFT LCD shipments increased with 9 percent YoY by units and 4 percent YoY by area, reaching 962.7 million units and 228.8 million square meters shipped in 2021, both historical highs and marking the first time the industry has ever shipped more than 900 million units in a year.

Among display makers, China"s BOE took the largest shares for both units and total area shipped in 2021. BOE took 31.5 percent for units shipped and 26.2 percent for area shipped, marking the first time one maker has captured over 31 percent market share for whole unit shipments and 26 percent share for whole area shipments in large area TFT LCD history.

Beyond BOE, Innolux took 15.4 percent market share for large area TFT LCD unit shipments, followed by LG Display with 13.4 percent in 2021. For total area shipped, China Star took 15.8 percent as second largest maker after BOE, followed by LG Display in third with 11.9 percent in 2021.

Strong demand particularly for mobile PC LCD during the pandemic increased notebook PC LCD unit shipments in 2021, rising 26 percent YoY. Tablet PC LCD unit shipments also rose 7 percent YoY last year. On the other hand, the LCD TV display segment saw unit shipments fall 4 percent YoY due to a slowdown in demand in 3Q21. But ongoing LCD TV size migration in favor of larger screens meant that total LCD TV display area shipped increased 2 percent YoY in 2021 despite the drop in unit shipments.

Large area TFT LCD revenue increased 34 percent YoY in 2021 and reached US$85.2 billion, also setting a record and the first time large area TFT LCD revenue has ever exceeded $80 billion. Strong demand and size migration to larger screens during COVID-19 pandemic combined with display price hikes up until 3Q21 to drive the high revenue number.

In the large area OLED segment, strong consumer demand for high-end TVs and notebook PCs drove surging demand for OLED TV and notebook PC OLED, which saw 66 percent YoY and 418 percent YoY increases in units shipped last year, respectively. Overall large area OLED achieved a historical high for unit shipments, hitting 23.7 million units shipped in 2021, a 37 percent YoY increase over 2020.

YoonSung Chung, senior research manager for large area displays and supply chain at Omdia, commented: "Display makers waited for results from Black Friday sales to set their early 2022 sales and pricing strategies. However, results seem to fall short of expectations for LCD TVs. LCD TV display buyers will price LCD TV displays more aggressively in the coming months.

"While demand for IT displays is weakening, panel makers’ supply plans are ambitious. Unless panel makers adjust their fab utilisation, price erosions could imminently worsen for large area display applications, including monitor and notebook PC LCDs. Omdia expects the LCD TV panel prices to reach the price bottom in 1H 2022 and then gradually rebound based on the market demand recovery."

SHANGHAI - China"s BOE Technology Group, one of the world"s largest display manufacturers, plans to build a massive new factory in Beijing, as it looks to next-generation technology for new revenue streams.

BOE will invest 29 billion yuan ($4 billion) in the 600,000 sq. meter factory, according to Sunday"s announcement, with an eye toward expanding into markets for new technologies, such as panels for virtual reality (VR) devices, and a new type of high-end panel called mini-LED.

BOE Technology Group Co., Ltd., or Jingdongfang (Chinese: 京东方科技集团股份有限公司), is a Chinese electronic components producer founded in April 1993. Its core businesses are interface devices, smart IoT systems and smart medicine and engineering integration.LCD, OLEDs and flexible displays.

In April 1993, Beijing Oriental Electronics Group Co., Ltd was founded by Wang Dongsheng. In 1997, it listed B shares on the Shenzhen Stock Exchange. In 2001, Beijing Oriental Electronics was renamed BOE Technology Group Co., Ltd. BOE acquired SK Hynix"s STN-LCD and OLED businesses for US$22.5 million.flat-panel display businesses for US$380 million.

In 2009, BOE Energy Technology Co., Ltd was founded to enter the photovoltaics industry. In 2010, BOE acquired Suzhou Gaochuang Electronics" Taipei Display Research Center and AIO Manufacturing Plant.

In 2011, BOE established a Japan branch and R&D center in Tokyo. In 2012, BOE established an American branch and R&D center in Santa Clara in Silicon Valley, California. In 2014, BOE established a subsidiary in Frankfurt, Germany. In 2015, BOE acquired OASIS International Hospital.

In 2017, BOE established its Middle East Branch in Dubai and set up a subsidiary based in São Paulo, Brazil. BOE also announced its plan to build a hospital in Chengdu which will be opened in late 2020. BOE announced a long-term agreement with Universal Display Corporation, UDC will supply phosphorescent OLED materials to BOE.LG Display still lead in terms of area shipment.

In 2018, BOE acquired SES-imagotag for €200 million.Kopin Corporation and Olightek for OLED micro-displays manufacturing.Huawei Mate 20 Pro is the first flagship tier smartphone with an AMOLED sourced from BOE (also sourced from LG Display).

In 2019, BOE formed a joint venture with Rohinni for MicroLED and mini LED backlighting manufacturing.Hisense announced its U9E TVs featuring dual LCD panels which Hisense said exceeds OLED TVs in brightness, color gamut and color accuracy. Its panels are produced by BOE.Huawei Mate X scheduled for release in Q4 2019 reportly has a foldable OLED from BOE.Samsung Displays.flat-panel display producer.Huawei to research cameras under OLEDs.LG Display and Tianma as OLED supplier for LG Electronics smartphones in 2020.Apple beginning in 2021 for the iPhone.

On February 1, 2022, the company announced they had developed the world’s fastest gaming monitor with a 500Hz refresh rate. The prototype 27-inch monitor has a resolution of 1080p.

In 2021, WIPO’s annual World Intellectual Property Indicators report ranked BOE Technology"s number of patent applications published under the PCT System as 7th in the world, with 1,892 patent applications being published during 2020.

BOE has manufacturing facilities located in Beijing, Hefei, Chengdu, Chongqing, Fuzhou, Mianyang, Wuhan, Kunming, Suzhou, Ordos and Gu"an. BOE has global marketing and R&D centers in 19 countries, such as Japan, South Korea, Singapore, the United States, Germany, the United Kingdom, France, Switzerland, India, Russia, Brazil and Dubai.

After BOE stole LG"s thunder as the main OLED panel supplier for Huawei"s Mate 20 Pro, it has now displaced the Korean company as the world"s largest LCD TV and monitor panel supplier.

According to Sigmaintell Consulting, BOE shipped 54.3 million TV panels and 37.3 million monitor panels. In comparison, LG"s numbers stood at 48.6 million and 34.5 million, respectively.

But analysts think the competition will heat up in 2019 - CEC-Panda LCD Technology and China Star Optoelectronics Technology (CSOT) are about to ramp up production and adopt aggressive pricing strategies. CEC-Panda is expected to compete in the 21.5, 23.8 and 32.5-inch segment while CSOT will focus on the 21.5, 23.6, 31.5-inch markets.

In addition, CEC-Panda will start competing in the high-end monitor segment with AU Optronics and LG Display whereas CSOT wants to make a presence in the curved gaming monitor manufacturing.

In both LCD and OLED displays, producing these cells – which are highly complex – is by far the most difficult element of the production process. Indeed, the complexity of these cells, combined with the levels of investment needed to achieve expertise in their production, explains why there are less than 30 companies in the whole world that can produce them. China, for instance, has invested more than 300 billion yuan (approximately $45 billion USD) in just one of these companies – BOE – over the past 14 years.

Panox Display has been involved in the display industry for many years and has built strong and long-term partner relationships with many of the biggest OLED and LCD panel manufacturers. As a result, we are able to offer our clients guaranteed access to display products from the biggest manufacturers.

LG Display was, until 2021, the No. 1 display panel manufacturer in the world. Owned by LG Group and headquartered in Seoul, South Korea, it has R&D, production, and trade institutions in China, Japan, South Korea, the United States, and Europe.

Founded in 2001, AUO – or AU Optronics – is the world’s leading TFT-LCD panel manufacturer (with a 16% market share) that designs, develops, and manufactures the world’s top three liquid crystal displays. With panels ranging from as small as 1.5 inches to 46 inches, it boasts one of the world"s few large-, medium -and small-sized product lines.

AUO offers advanced display integration solutions with innovative technologies, including 4K2K ultra-high resolution, 3D, ultra-thin, narrow bezel, transparent display, LTPS, OLED, and touch solutions. AOU has the most complete generation production line, ranging from 3.5G to 8.5G, offering panel products for a variety of LCD applications in a range of sizes, from as small as 1.2 inches to 71 inches.

Now Sharp is still top 10 TV brands all over the world. Just like BOE, Sharp produce LCDs in all kinds of size. Including small LCD (3.5 inch~9.1 inch), medium LCD (10.1 ~27 inch), large LCD (31.5~110 inch). Sharp LCD has been used on Iphone series for a long time.

Beside those current LCDs, the industrial LCD of Sharp is also excellent and widely used in public facilities, factories, and vehicles. The Sharp industrial LCD, just means solid, high brightness, super long working time, highest stability.

Truly Semiconductors is a wholly owned subsidiary of the Hong Kong-listed company Truly International Holdings. Founded in 1991, and headquartered in Hong Kong, the company’s production base is located in the beautiful coastal city of Shanwei City in Guangdong Province, China.

Since its establishment, Truly Semiconductors has focused on researching, developing, and manufacturing liquid crystal flat panel displays. Now, after twenty years of development, it is the biggest small- and medium-sized flat panel display manufacturer in China.

Truly’s factory in Shanwei City is enormous, covering an area of 1 million square meters, with a net housing area of more than 100,000 square meters. It includes five LCD production lines, one OLED production line, three touch screen production lines, and several COG, LCM, MDS, CCM, TAB, and SMT production lines.

Its world-class production lines produce LCD displays, liquid crystal display modules (LCMs), OLED displays, resistive and capacitive touch screens (touch panels), micro camera modules (CCMs), and GPS receiving modules, with such products widely used in the smartphone, automobile, and medical industries. The LCD products it offers include TFT, TN, Color TN with Black Mark (TN type LCD display for onboard machines), STN, FSTN, 65K color, and 262K color or above CSTN, COG, COF, and TAB modules.

In its early days, Innolux attached great importance to researching and developing new products. Mobile phones, portable and mounted DVD players, digital cameras, games consoles, PDA LCDs, and other star products were put into mass production and quickly captured the market, winning the company considerable market share.

Looking forward to the future, the group of photoelectric will continue to deep LCD display field, is committed to the development of plane display core technology, make good use of global operations mechanism and depth of division of labor, promise customers high-quality products and services, become the world"s top display system suppliers, in 2006 in the global mobile phone color display market leader, become "Foxconn technology" future sustained rapid growth of the engine.

Founded in June 1998, Hannstar specializes in producing thin-film transistor liquid crystal display panels, mainly for use in monitors, notebook displays and televisions. It was the first company in Taiwan to adopt the world’s top ultra-wide perspective technology (AS-IPS).

The company has three LCD factories and one LCM factory. It has acquired state-of-the-art TFT-LCD manufacturing technology, which enables it to achieve the highest efficiency in the mass production of thin-film transistor liquid crystal display production technology. Its customers include many of the biggest and most well-known electronics companies and computer manufacturers in Taiwan and overseas.

In 2002, it signed an IPS patent authorization contract with Hitachi of Japan and started to plan a 5th-generation plant to make the product line more complete and meet the needs of different customers.

TCL CSOT – short for TCL China Star Optoelectronics Technology (TCL CSOT) – was founded in 2009 and is an innovative technology enterprise that focuses on the production of semiconductor displays. As one of the global leaders in semiconductor display market, it has bases in Shenzhen, Wuhan, Huizhou, Suzhou, Guangzhou, and India, with nine panel production lines and five large modules bases.

TCL CSOT actively produces Mini LED, Micro LED, flexible OLED, printing OLED, and other new display technologies. Its product range is vast – including large, medium, and small panels and touch modules, electronic whiteboards, splicing walls, automotive displays, gaming monitors, and other high-end display application fields – which has enabled it to become a leading player in the global panel industry.

In the first quarter of 2022, TCL CSOT’s TV panels ranked second in the market, 55 inches, 65 " and 75 inches second, 8K, 120Hz first, the first, interactive whiteboard and digital sign plate; LTPS flat panel, the second, LTPS and flexible OLED fourth.

EDO (also known as EverDisplay Optonics) was founded in October 2012 and focuses on the production of small- and medium-sized high-resolution AMOLED semiconductor display panels.

The company opened its first production line – a 4.5-generation low-temperature polysilicon (LTPS) AMOLED mass production line – in 2014, which started mass producing AMOLED displays in November 2014.

In order to ramp up production output, the company began construction of a 6th-generation AMOLED production line in December 2016, with a total investment of 27.3 billion yuan (almost $4 billion USD). The line, which has a production capacity of 30,000 glass substrates per month, produces flexible and rigid high-end AMOLED displays for use in smartphones, tablet pens, vehicle displays, and wearable devices.

Tianma Microelectronics was founded in 1983 and listed on the Shenzhen Stock Exchange in 1995. It is a high-tech enterprise specializing in the production of liquid crystal displays (LCD) and liquid crystal display modules (LCM).

After more than 30 years of development, it has grown into a large publicly listed company integrating LCD research and development, design, production, sales, and servicing. Over the years, it has expanded by investing in the construction of STN-LCD, CSTN-LCD, TFT-LCD and CF production lines and module factories across China (with locations in Shenzhen, Shanghai, Chengdu, Wuhan and Xiamen), as well R&D centers and offices in Europe, Japan, South Korea and the United States.

The company"s marketing network is all over the world, and its products are widely used in mobile phones, MP3/MP4 players, vehicle displays, instrumentation, household appliances, and other fields. In terms of technical level, product quality, product grade, and market share, it ranks at the forefront of the domestic industry and has become a leading enterprise in the field of small- and medium-sized displays.

JDI (Japan Display Inc.) was established on November 15, 2011, as a joint venture between the Industrial Innovation Corporation, Sony, Hitachi, and Toshiba. It is dedicated to the production and development of small-sized displays. It mainly produces small- and medium-sized LCD display panels for use in the automotive, medical, and industrial fields, as well as personal devices including smartphones, tablets, and wearables.

Although Sony’s TVs use display panels from TCL CSOT (VA panel), Samsung. Sony still produces the world’s best micro-OLED display panels. Sony has many micro OLED model such as 0.23 inch, 0.39 inch, 0.5 inch, 0.64 inch, 0.68 inch, 0.71 inch. Panox Display used to test and sell many of them, compare to other micro OLED manufacuturers, Sony`s micro OLEDs are with the best image quality and highest brightness (3000 nits max).

(Yicai Global) June 13 -- BOE Technology Group, TCL China Star Optoelectronics Technology and other big Chinese liquid crystal display manufacturers are reducing output starting from this month to try and stop a freefall in prices caused by a global glut.

Panel makers are cutting production by 16 percent on average from this month, Rong Chaoping, senior researcher at market research firm AVC Revo, told Yicai Global. Television panel makers are expected to ship 3.6 million less panels than last month.

Panel makers will reduce capacity by between 15 and 20 percent this month, said Wu Rongbing, chief analyst at Chinese semiconductor intelligence service Omdia.

TCL China Star intends to continue with its production cuts until September, while Beijing-based BOE and HKC Optoelectronics Technology have not yet decided how long they will reduce output, Rong said. None of the three companies responded when contacted by Yicai Global.

LCD TV display shipments from China’s five largest panel manufacturers accounted for 68.5 percent of the global market in April, a new high, and they were expected to exceed 70 percent this year, according to Omdia.

But there is much less demand for notebook computers, monitors and TVs now that fewer people are working from home as the Covid-19 pandemic wanes and amid pressure from global inflation. This is driving prices down, said Li Yaqin, general manager of market research firm Sigmaintell.

The global panel industry is expected to slash production by about 20 percent this year, according to Beijing-based Sigmaintell. It is the first time since 2013 that the worldwide sector has implemented such a large-scale and wide-ranging cut in manufacturing. But it should help to slow the fall in prices, Li said.

“Tumbling prices are squeezing profits,” Li said. “The price of a TV panel is now below cost price and that of some data panels is also below the manufacturing cost.”

The price of small and medium-sized TV displays has more than halved since the highest point last year, and that of large-sized screens have fallen by more than 40 percent, according to AVC Revo.

“Panel makers are facing rising liquidity pressure and bigger losses as prices are now below cost price, so the display industry is likely to undergo another big reshuffle,” Rong said.

Excess supply will ease in the third quarter once output is cut, and prices will start to pick up and then flatten out, Li said. Demand for consumer electronic products is shrinking by far more than expected so it is too early to tell whether prices will rebound in the second half, she added.

Panel prices are likely to stop dropping this month or next as output falls, Wu said. Whether prices will start to pick up soon depends on when demand improves.

BOE was the leading LCD TV panel vendor during the first half of 2020, having shipped approximately 23.26 million units worldwide. In that period, global shipments of LCD TV panels totaled over 115 million units.

BOE Technology, founded in 1993, has become China’s largest TV panel maker and it continues to make a name for itself in the global consumer electronics market. It was the first company to introduce a gen 10.5 LCD plant in late 2017. Since then, BOE’s LCD panel production capacity has grown annually, surpassing former leading manufacturer LG Display. In recent years, BOE accounted for over 20 percent of large-area TFT LCD display unit shipments worldwide.

Chinese panel makers accelerate worldwide LCD TV panel shipmentsChina became the leading LCD panel producer worldwide in 2017, overtaking powerhouses South Korea and Taiwan. Chinese shipments of LCD TV panels 60-inch and larger have also increased significantly in recent years, with roughly 2.24 million units sold in the first quarter of 2019 worldwide, in comparison to just 117,000 units a year before. This figure is forecast to increase in the future, paving the way for Chinese panel makers’ worldwide success. At the same time, the concurrent specialization on large LCD panels by Chinese and South Korean suppliers will likely push down panel prices.Read moreGlobal LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor(in millions)tablecolumn chartCharacteristicBOELGDInnoluxCSOTSDCAUOCEC GroupOthers1H 202023.2611.7920.3421.312.1310.14-16.17

TrendForce. (July 28, 2020). Global LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor (in millions) [Graph]. In Statista. Retrieved January 31, 2023, from https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/

TrendForce. "Global LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor (in millions)." Chart. July 28, 2020. Statista. Accessed January 31, 2023. https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/

TrendForce. (2020). Global LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor (in millions). Statista. Statista Inc.. Accessed: January 31, 2023. https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/

TrendForce. "Global Lcd Tv Panel Unit Shipments from H1 2016 to H1 2020, by Vendor (in Millions)." Statista, Statista Inc., 28 Jul 2020, https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/

TrendForce, Global LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor (in millions) Statista, https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/ (last visited January 31, 2023)

Global LCD TV panel unit shipments from H1 2016 to H1 2020, by vendor (in millions) [Graph], TrendForce, July 28, 2020. [Online]. Available: https://www.statista.com/statistics/760270/global-market-share-of-led-lcd-tv-vendors/

As I had hinted, Apple ended uptapping BOE Technologyfor their iPhone 13 OLED screens.BOE will initially split orders for the 6.1-inch iPhone 13 displays with Samsung Display, with the Chinese company"s share accounting for up to 20% of the total, sources said. Under the most optimistic scenario, BOE aims to grab 40% of orders for this model from the South Korean display giant, the people added.

Taiwanese and Japanese display makers have lost market share to the Chinese. Right now, the OLED space is between the South Korean players - LG and Samsung - and BOE.

If you are interested in helping to support the channel, I’d appreciate if you check out the Patreon.Check out the Early Access Tier, where you can watch videos before they are released. Every little bit helps.

With $19 billion in revenue, they are the world’s second largest OLED vendor and the biggest seller of flat panel displays. They are China"s most advanced display technologies company - the only one equipped to produce LCDs in the 6th generation category or above.

They are a serious challenger to Samsung and LG Display and might supply the next iPhone. In this video I want to take a look at BOE’s development and how they are challenging the current display incumbents.

Like HikVision, another Chinese company I have profiled, BOE was born out of the remnants of the Chinese socialist era. As a result, various local government entities such as the city-province of Beijing own shares in the company. Nine of the top ten shareholders are state-owned entities. More on that, later.

The private corporate entity now known as BOE Technology was founded in 1993 by Wang Dongshen. Wang raised 6.5 million RMB to acquire the privatized assets of the Beijing Electron Tube Factory. The state-owned factory, which employed over 2,500 people, was established in the 50s.

BOE started off far behind in the display industry, and sought foreign technology transfers to catch up. They reached out to various companies in the display industry, offering their cheap labor in a joint venture.

They had some initial success manufacturing components for Japan"s Asahi Glass and Nippon Terminal but the first big break came in 1997 with a joint venture with Taiwanese-American company Admiral Overseas Corporation.

AOC is a venerable brand that used to be the leading manufacturer of color television sets. The company is now owned by Chinese monitor manufacturer TPV Technology.

BOE got a good foothold in the market from this joint venture. But the display field is a competitive one, and BOE feared someone else coming in with a better thing. They sought to differentiate their offerings from the rest of the industry by breaking into and commercializing the latest in display technology.

Compared to their predecessors, TFT-LCDs are capable of delivering better contrast ratios and refresh rates. Today, they are widely used in televisions, laptops displays, monitors, and mobile phones.

The Americans pioneered the technology at RCA and Westinghouse, but the Japanese and South Koreans were the first to commercialize it. Thus they held first-mover advantage and their firms dominated the industry. Critically, patents for innovative, superior features cemented their manufacturing and product edges and kept out potential insurgents.

The TFT-LCD product is at its heart a semiconductor like those made by TSMC and Intel. Which means being subjected to the same brutal up and down business cycles every 1.5 to 2 years that frequently overwhelm other semiconductor sectors. Building up supply capacity is extremely capital-intensive and takes years of lead time. And margins are tight - BOE makes less than 15% gross margin.

Vendors can easily swap out one display for another and thus constantly pit suppliers against each other on the basis of price and features. There always is another competitor willing to cut into your share, so accumulating scale, IP walls, and feature differentiation is crucial.

Today, the industry is extremely mature with multiple vendors all competing against each other. Many of these vendors - AUO, LG Display, Samsung Display, Innolux, and Sharp - have "big brothers" backing their P&L, making the industry kind of like a tech proxy war.

BOE"s entry and rise would add another pair of sharp elbows into the market. But before that, they needed someone to open the door and let them in first. In 2001, a lucky break came along.

Hyundai Semiconductor had been the electronics arm of the once-mighty Hyundai Group. After the Asian Financial Crisis, banks and creditors forced the Hyundai Group to break itself up and sell off chunks of its empire. I did a profile of Hyundai in a previous video which mentions this.

The Korean government mounted a weak attempt to prevent Hyundai Semiconductor - or Hynix as it was then called after a 2001 name change - from being thrown out into the cold. The electronics business was seen as strategically important for Korea"s economic position. Though Hynix only had 4.5% share of the market (leader Samsung had 19.5%), its technologies and patents still held substantial strategic value.

But to bail out Hynix right then after all that Hyundai did flew in the face of everything the administration preached about chaebol excess and reform. Reluctantly, the government bowed to political pressure and the banks and creditors took possession of Hynix in March 2001. The Thanksgiving turkey carving began immediately thereafter.

Now cut off from its profit-making siblings Hyundai Motors and Hyundai Heavy Industry, Hynix needed to lose weight and pay back its debt while preserving its core semiconductor businesses. Thus Hynix progressively sold its display technologies subsidiaries to BOE to get that money.

First, the STN-LCD and OLED businesses in 2001. These were not that strategically important. STN-LCD was an older technology even then. More power-efficient and cheaper to manufacture than TFT-LCD, but with the drawback of lower image quality and slower response times. OLED screens for their part were still at the prototype stage at the time.

A year later, Hynix sold its valuable TFT-LCD display arm to BOE for $350 million. Crucially, the sale included Hynix"s comprehensive intellectual property and patents for its 4th and 5th-generation TFT-LCD technologies. Hynix had been doing TFT-LCD research in the US for years by then so this was excellent stuff.

These acquisitions, criticized at the time, would turn out to be a seminal moment in Chinese display technology history. A classic story of excellent timing. They immediately vaulted BOE into being the 13th largest company in China - up from 41st a few years earlier.

As founder and CEO Wang Dongshen said in 2003:“This core ... was in the hands of South Korean and Japanese companies ... an acquisition was the only way we could get hold of it.”

As expected, BOE absorbed Hynix"s display technologies and capacity to rapidly catch up to the market incumbents. Backed by the Beijing city government"s financial firepower, the company invested over a billion dollars to build its first cutting edge LCD factory.

But BOE still needed to build distribution networks and competence in the international market. To do so, they again opened up the checkbook and purchased a 26% stake in TPV Technology, a large Hong Kong-based monitor maker for a billion dollars.

TPV"s upstream and downstream experience helped BOE turn a rare profit in 2003. By 2006, it was China"s leading TFT-LCD maker and ninth largest in the world. As the stars of Chinese tech companies like Xiaomi and Huawei have risen, BOE as a core displays supplier has also risen alongside them.

BOE"s core business lines are in display technology. They run factories in nine cities, including their leading edge 10.5 generation TFT-LCD production lines in the cities of Beijing and Hefei, Anhui.

Like HikVision, the company invests large amounts of R&D to continually improve its products. They are a patent filing machine. In 2019 they applied for 9,655 new patents and so far own over 70,000 in total.

To push this along, Wang declared his own version of Moore"s Law: Panel-performance metrics must at least double every 36 months for a given price point.

They are especially prolific in the OLED space, with the third most patents in OLED technologies behind Samsung Display and LG Display. The whole ranking is dominated by East Asian companies, with Kodak the only American on the list.

The company is also making moves into the IoT and health spaces. IoT items like intelligent windows and smart TVs, kind of makes sense. But medical? I know, it seems a little weird that a display company should expand into hospitals and medical research.

Considering all of this spending and the low gross margins, you might not be surprised to learn that BOE also produces a whole lot of losses. Remember when I said that nine of the top ten shareholders are state owned entities? There is a reason for that and that is 15 years of operating losses. From 2008 to 2012, BOE turned 5 consecutive years of annual losses.

In 2019, the whole company turned a negative net loss of $181 million USD before "exceptional gains and losses". The company"s core displays division - called Interface Devices on its annual report - lost $237 million USD. Its gross margin was just 13%, hardly better than your average fast food restaurant.

Even after becoming the world"s largest panel maker, the company continues to lean heavily on government subsidies. In 2019, BOE received $400 million in subsidies from various Chinese local and provincial governments. Per Chinese sources, from 2010 to 2019, they took in over $1.7 billion of subsidies - constituting over 50% of their net profit during this time.

In 2019, Wang Dongshen, BOE"s founder, stepped down from his chairmanship. He founded BOE with the assets of a hopelessly backwards vacuum-tube factory. He ended his tenure at BOE with over 60,000 employees and a company worth over 220 billion RMB or $33 billion USD.

BOE is certainly a semiconductor national champion to be proud of, but it achieved this status only through a great deal of struggle. And it seems to me that the company is trying a whole lot of things in order to grow beyond its core TFT-LCD business. They have bet a whole lot on OLED being that thing.

While BOE has provided OLED panels for some of Huawei"s flagship Mate phones, its market share still lags behind Samsung and LG Display. The same dynamics that kept BOE out of the TFT-LCD market also apply to OLEDs. This is critical as it seems inevitable that OLED will be the dominant display technology going forward.

Perhaps that will change with the rumors that BOE"s OLED screens have finally passed Apple"s quality control checks. Joining the ranks of Apple"s iPhone suppliers can help send the company forward towards getting the same type dominance in OLED panels that it now has in other display markets.

The conventional thinking would be that Samsung or perhaps LG would be the world’s biggest supplier of LCD TVs and flat panel displays, but new market research suggests it is Beijing-based panel maker BOE.

Sigmaintell Consulting says that in 2018, BOE shipped 54.3 million TV panels, putting it well ahead of the shipping unit volume of second-ranked LG Display.

China’s flexible panel manufacturer BOE Technology Group Co has surpassed South Korea-based LG to become the world’s largest supplier of liquid crystal display (LCD) TVs and monitor panels, according to market research company Sigmaintell Consulting.

BOE shipped 54.3 million TV panels in 2018. By comparison, LG’s figure stood at 48.6 million, said a posting on Wednesday on fudzilla.com, which cited Sigmaintell Consulting statistics.

Global monitor panel shipments increased by 10 percent in 2018, reaching 151 million units. While BOE’s shipments were the largest at 37.3 million, they were closely followed by LG with 34.5 million, the posting said, citing figures compiled by All View Consulting.

With an expected further increase in monitor shipments globally in 2019, other companies will heat up the competition. These competitors include East China’s Jiangsu Province-based CEC-Panda LCD Technology Co and China Start Optoelectronics Technology Co, which is based in South China’s Guangdong Province. These companies may also adopt a more aggressive pricing strategy than BOE, according to the posting.

Well-versed industry insider Ming-Chi Kuo has it that LG and Samsung might potentially be surpassed by BOE Technology as the largest supplier for iPhone displays in 2024. Kuo expects BOE"s display shipments to "grow rapidly" in 2023, which could make the company the de facto leader for screen supplies when it comes to some future iPhone generations.

This could come as yet another comeback story, as BOE had a pretty serious falling off with Apple less than a year ago. The supplier was caught cheating by making unsanctioned design changes to the iPhone 13 OLED panels it manufactured for Apple.

Reportedly, BOE changed the circuit width of the film transistors on the OLED screens for Apple"s orders, essentially making them thicker, and as a result, easier to manufacture. BOE allegedly had big manufacturing and quality control issues with the thinner actual screens that Apple actually wanted. This unsanctioned change could have helped BOE hit its yield targets, but Apple caught wind of the shady scheme and dropped BOE from its supplier list. Eventually, the two companies came to an agreement and BOE scored a second chance, reinstated back on the iPhone supply list.

BOE"s iPhone display shipments for 2023 expected to grow rapidly, potentially overtaking Samsung and LG Display to become the largest supplier of displays for the new iPhone by 2024 at the earliesthttps://t.co/EcSmACqvpF— 郭明錤 (Ming-Chi Kuo) (@mingchikuo) January 4, 2023

And here we are, in early 2023, when the display manufacturer could be on track to become the largest OLED panel supplier for the iPhone 16 generation, Ming-Chi Kuo expects. Roughly a year ago, it was revealed that BOE could have also been locked in as the main supplier for LTPO OLED displays for the iPhone 15 family in 2023. That"s a rather big deal as LG and mostly Samsung were chosen as the go-to suppliers of LTPO displays with variable refresh rate for the iPhone 13 Pro/13 Pro Max and iPhone 14 Pro/iPhone 14 Pro Max, but it seems that BOE would seriously step up this year.

Speaking of the iPhone 15 generation, early rumors call for a Dynamic Island on the base-level iPhone 15 and iPhone 15 Plus, which would bring the new hole-punch design to the whole squad, but it"s rather unlikely that the iPhone 15 and iPhone 15 Plus will get high-refresh screens, those will likely remain exclusive to the iPhone 15 Pro and iPhone 15 Ultra. Some other rumored features for the full iPhone 15 lineup include 48MP main cameras on the whole lineup, as well as USB-C possibly succeeding the decade-old Lightning connector.

All of this, however, could merely be just a stopgap solution until Apple is finally ready to grace its iPhones with mini-LED displays. Those are mostly similar to the mini-LED screens that Apple uses on its high-end iPads and MacBook Pros, but has even tinier light-emitting diodes, which still can deliver OLED-trumping levels of peak brightness without the potential risks of screen burn-in.

Rumors point out that this could happen in a couple of years" time: first up, the Apple Watch Ultra will reportedly be scoring a micro-LED display in late 2024, and it"s entirely plausible the iPhone will be next in line to score such a display and spell the potential end of OLED displays for the iPhone. Surely, such a thing wouldn"t happen until 2025 in the earliest

As far as the iPhone 16 is considered, we are yet to hear anything in particular about the display intricacies of the upcoming models. As we know more, so will you.

This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data.

China"s BOE has secured the initial order for the upcoming iPhone 15 and iPhone 15 Plus and the Apple display supplier may potentially overtake Samsung as the iPhone"s largest display provider by 2024, says famed Apple analyst Ming-Chi Kuo. Apple has various suppliers that manufacture its iPhones, iPads and other Apple devices.

According to Kuo, China"s BOE has outpaced Samsung and secured most 2H23 new iPhone 15 and 15 Plus display orders. If development and production proceed smoothly over the next few months, BOE will become the largest display supplier for the iPhone 15 and 15 Plus, with a market share of around 70 per cent whereas Samsung has a share of 30 per cent.

BOE is expected to start mass shipments of LTPO displays for high-end iPhones in 2024, with Samsung and LG Display also being suppliers. If BOE can obtain orders for 20–30 per cent of the 2H24 high-end iPhone LTPO displays and maintain a market share of around 70 per cent for 2H24 low-end iPhone displays, then BOE will likely become the largest supplier of displays for the new iPhone in 2H24.

China"s BOE’s key growth drivers for profits from new applications over the next 2–3 years include medium to large OLED displays for Apple, medium to large mini-LED displays for Apple, and more affordable foldable displays for Android phones.

Meanwhile, Samsung became the top OLED display provider for last year"s iPhone 14 lineup, a report by Korean tech publication The Elec said in November.

Samsung Display is supplying more than 70 per cent of the OLED panels that Apple uses for its iPhone 14 series, which is due to the company’s dominant position helped by setbacks of rivals LG Display and BOE, The Elec report added, citing sources.

STONE Technologies is a proud manufacturer of superior quality TFT LCD modules and LCD screens. The company also provides intelligent HMI solutions that perfectly fit in with its excellent hardware offerings.

There is also a downloadable design software called STONE Designer. This is a completely free GUI design software you can use to create responsive digital module-ready user interfaces.

STONE TFT LCD modules come with a microcontroller unit that has a 1GHz Cortex-A8 CPU. Such a module can easily be transformed into an HMI screen. Simple hexadecimal instructions can be used to control the module through the UART port. Furthermore, you can seamlessly develop STONE TFT LCD color user interface modules and add touch control, features to them.

You can also use a peripheral MCU to serially connect STONE’s HMI display via TTL. This way, your HMI display can supply event notifications and the peripheral MCU can then execute them. Moreover, this TTL-connected HMI display can further be linked to microcontrollers such as:

Becoming a reputable TFT LCD manufacturer is no piece of cake. It requires a company to pay attention to detail, have excellent manufacturing processes, the right TFT display technology, and have a consumer mindset.

Now, we list down 10 of the best famous LCD manufacturers globally. We’ll also explore why they became among the top 10 LCD display Manufacturers in the world.

BOE Technology Group Co., Ltd., founded in April 1993, is an IoT company providing intelligent interface products and professional services for information interaction and human health. BOE’s three core businesses are Interface Devices, Smart IoT Systems, and Smart Medicine & Engineering Integration.

Interface Devises Business includes Display and Senor, Sensor, and Application Solutions. As a leading company in the global semiconductor display industry, BOE has made the Chinese display industry develop from scratch to maturity and prosperity. Now, more than one-quarter of the global display panels are made by BOE, with its UHD, flexible display, microdisplay, and other solutions broadly applied to well-known worldwide brands.

Smart IoT Systems Business includes Intelligent Manufacturing Services, IoT Solution, and Digital Art IoT Platform. BOE provides integrated IoT solutions in smart retail, smart finance, digital art, business office, smart home, smart transportation, smart education, smart energy, and other fields. In the field of digital art, BOE has launched its digital art IoT solution – BOE iGallery, realizing the perfect combination of technology and art. For smart retail, BOE provides IoT solutions in price management, shelf management, and customer behavior analysis to achieve seamless online and offline convergence.

Smart Medicine & Engineering Integration Business includes Mobile Healthcare IoT Platform and Smart Healthcare Services. BOE has launched mobile platforms for healthcare management, based on AI and big data algorithms, to provide personalized medical treatment and health management services for users. Healthcare services combine medical, information, AI, cell engineering, and other technologies, focusing on the digital hospital, digital human body and regenerative medicine, etc., and is committed to developing comprehensive and life-cycle health management solutions.

In 2019, BOE’s yearly new-patent applications amounted to 9657, of which over 90% are invention patents, amounting to over 70,000 usable patents in total. Data from IFI Claims also shows that BOE has ranked 13th among the Top 50 USPTO (The United States Patent and Trademark Office), Patent Assignees, in 2019. According to the 2019 International PCT Applications of WIPO, BOE ranked No.6 with 1,864 applications.

BOE has manufacturing bases located in Beijing, Hefei, Chengdu, Chongqing, Fuzhou, Mianyang, Wuhan, Kunming, Suzhou, Ordos, Gu’an, etc. BOE boasts a global marketing and R&D centers in 19 countries and regions like the United States, Germany, the United Kingdom, France, Switzerland, Japan, South Korea, Singapore, India, Russia, Brazil, and Dubai, with its service networks covering the world’s major areas such as Europe, America, Asia, and Africa.

LG Display is a leading manufacturer of thin-film transistor liquid crystal displays (TFT-LCD) panels, OLED, and flexible displays.LG Display began developing TFT-LCD in 1987 and currently offers Display panels in a variety of sizes and specifications using different cutting-edge technologies (IPS, OLED, and flexible technology).

Samsung Electronics is South Korea’s largest electronics industry and the largest subsidiary of the Samsung Group. In the late 1990s, Samsung Electronics’ independent technology development and independent product innovation capabilities were further enhanced. Its product development strategy not only emphasizes “leading the technology but also using the most advanced technology to develop new products to meet the high-end market demand at the introduction stage”.In addition to the matching principle, it also emphasizes the principle of “leading technology, developing new products with the most advanced technology, creating new demand and new high-end market”.

Founded in 2003, Innolink listed its shares in Taiwan in 2006. In March 2010, it merged with Chi Mei Optoelectronics and Tong Bao Optoelectronics, the largest merger in the panel industry. Qunchuang is the surviving company and Chi Mei Electronics is the company name. In December 2012, it was renamed As Qunchuang Optoelectronics.

With innovative and differentiated technologies, QINNOOptoelectronics provides advanced display integration solutions, including 4K2K ultra-high resolution, 3D naked eye, IGZO, LTPS, AMOLED, OLED, and touch solutions. Qinnooptoelectronics sets specifications and leads the market. A wide range of product line is across all kinds of TFT LCD panel modules, touch modules, for example, TV panel, desktop and laptop computer monitor with panels, small and medium scale “panels, medical, automotive, etc., the supply of cutting-edge information and consumer electronics customers around the world, for the world TFT – LCD (thin-film transistor liquid crystal display) leading manufacturers.

AU Optronics Co., LTD., formerly AU Optronics Corporation, was founded in August 1996. It changed its name to AU Optronics after its merger with UNIOPtronics in 2001. Through two mergers, AU has been able to have a full range of generations of production lines for panels of all sizes.Au Optronics is a TFT-LCD design, manufacturing, and r&d company. Since 2008, au Optronics has entered the green energy industry, providing customers with high-efficiency solar energy solutions.

Sharp has been called the “father of LCD panels”.Since its founding in 1912, Sharp developed the world’s first calculator and LIQUID crystal display, represented by the living pencil, which was invented as the company name. At the same time, Sharp is actively expanding into new areas to improve people’s living standards and social progress. Made a contribution.

Sharp is committed to creating a unique company, creating life in the 21st century through unparalleled “originality” and “sophistication”, and is a sales company, operating video, home appliances, mobile phones, and information products throughout the major cities of the country. Establish a business point, establish a perfect after-sale service network, satisfy consumer demand.

BYD IT products and businesses mainly include rechargeable batteries, plastic mechanism parts, metal parts, hardware electronic products, cell phone keys, microelectronics products, LCD modules, optoelectronics products, flexible circuit boards, chargers, connectors, uninterruptible power supplies, DC power supplies, solar products, cell phone decoration, cell phone ODM, cell phone testing, cell phone assembly business, notebook computer ODM, testing and manufacturing and assembly business, etc.

Toshiba is a famous multinational company with a history of 130 years. It covers a wide range of businesses, including social infrastructure construction, home appliances, digital products, and electronic components. It covers almost every aspect of production and life. Toshiba has the largest research and development institution in Japan. Through unremitting innovation and development, Toshiba has been at the forefront of science and technology in the world.

From the introduction of Japan’s original washing machines, refrigerators, and other household appliances, to the world’s first laptop, the first 16MB flash memory, the world’s smallest 0.85-inch HDDs; Create advanced HDDVD technology; Toshiba created many “world firsts” in the research and manufacture of new SED displays and contributed to changing people’s lives through constant technological innovation.

Tianma microelectronics co., LTD., founded in 1983, the company focus on smartphones, tablets, represented by high order laptop display market of consumer goods and automotive, medical, POS, HMI, etc., represented by professional display market, and actively layout smart home, intelligent wear, AR/VR, unmanned aerial vehicles (UAVs) and other emerging markets, to provide customers with the best product experience.IN terms of technology, the company has independently mastered leading technologies such as LTPS-TFT, AMOLED, flexible display, Oxide-TFT, 3D display, transparent display, and in-cell/on-cell integrated touch control. TFT-LCD key Materials and Technologies National Engineering Laboratory, national enterprise Technology Center, post-doctoral mobile workstation, and undertake national Development and Reform Commission, The Ministry of Science and Technology, the Ministry of Industry and Information Technology, and other major national thematic projects. The company’s long-term accumulation and continuous investment in advanced technology lay the foundation for innovation and development in the field of application.

U.K research firm Omdia has published a report of the large LCD panel market for 2020. The report covers LCD panels used for smart TV and shows that China’s BOE Technology Group overtook LG Display to emerge as the number one manufacturer in this segment for the first time.

The data shows that BOE’s share in 2020 reached 22.9%, an increase of 2.2% from 2019. The LCD market used to be LG Display’s stronghold but BOE supposed the Korean company surpassing LG Display, which was previously ranked first.

LG Display’s share fell to 17.2% which is a 6.7% reduction from the 23.9% market share recorded in 2019. The third spot is occupied by Taiwanese display maker AU Optronics with 11.9%. Cumulatively, the top 3 large LCD makers control 52% of the market in the period under review.

Apart form BOE technology, another Chinese company in the top 5 ranking is TCL’s China Star Optoelectronics which saw a 2.5% increase in its shipment to emerged as the fifth largest large LCD manufacturer with an8.8% share of the market. The Chinese company edged out Samsung from the 5th spot which it occupied in 2019. What Samsung loses in the LCD market, it will surely gain in OLED panel shipments as it is ranked as the leading manufacturer of OLED panels.

It is worth mentioning that, according to data from the research firm CINNO Research, in the first half of 2021, global LCD TV panel shipments reached 130 million units, an increase of 2.5% year-on-year. That means the LCD market will once again see a record shipment this year and Chinese manufacturers will likely take the larger share of the market. Gizmochina