global lcd panel exchange center made in china

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.

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.

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.

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.

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).

Taiwanese manufacturers of the panels used to make flat-screen computer displays are set to grab an even larger slice next year of a global market they now control two-thirds of, analysts said yesterday.\nBy the end of next year, Taiwan is expected to control 73 percent of the thin-film transistor liquid-crystal display (TFT-LCD) panel market for computer monitors, up from 65 percent of this year, according to a report given yesterday by Li Hsiou-ling (勵秀玲) of the Market Intelligence Center (MIC) under the Institute for the Information Industry.\nFalling prices have encouraged more people to buy new computer systems with flat-screen computer monitors and replace the bulky cathode-ray tube (CRT) screens in existing systems.\nWorldwide LCD monitor sales are expected to jump almost 60 percent to around 51 million this year compared to last year, Li said, and will grow a further 35 percent next year to over 68.5 million.\n"Price is a major factor in the rise of LCD monitors," Li said. "But for the average consumer the current average selling price of between US$300 and US$330 still needs to come down."\nLocal manufacturers AU Optronics Corp (友達光電), Chi Mei Optoelectronics Corp (奇美電子), Quanta Display Inc (廣輝電子), HannStar Display Corp (瀚宇彩晶), and Chunghwa Picture Tubes Ltd (中華映管) have been increasing production to supply world brandnames like Dell Inc and Hewlett-Packard Co with TFT-LCD panels.\nDell outsources 55 percent of its production to Taiwanese manufacturers, MIC said yesterday, while HP places 90 percent of its LCD monitor orders here.\n"I think it is possible for Taiwan"s flat-panel makers to break the 70-percent barrier in the computer monitor market next year," said Martha Chen (陳紅), an LCD panel industry analyst with Primasia Securities Co in Taipei.\n"They are increasing their production based in China which will probably win them more orders, and they have a ready supply of downstream suppliers," she said.\nIn a recent report, US-based researcher DisplaySearch already predicted that Taiwan"s share of the global flat-panel monitor market would increase to 69 percent in the third quarter from 63 percent in the second.\nBut when panels for notebook computers, color-screen mobile phones, flat-screen televisions and other consumer products are taken into consideration, Taiwan falls into second place behind rivals in South Korea with 39 percent of the world"s total TFT-LCD panel market, compared to South Korea"s 43 percent, Japan"s 14 percent and China"s 3 percent, according to figures released yesterday by MIC.\nTaiwan is not expected to overtake South Korea in the next twelve months as manufacturers here were slow in opening more efficient and advanced fifth-generation (5G) facilities which produce bigger panels, or more panels from an original piece of glass.\n"The [South] Koreans are well ahead of Taiwanese companies," Chen said. "The Taiwanese are trying to close the gap."\nWith more than a year"s head start on the Taiwanese, the South Koreans have fine-tuned production at their 5G plants so that the number of defective panels has been reduced drastically.\n"South Korea"s 5G production already has a yield of more than 80 percent," MIC"s Ann Hsu (徐美雯) said. "The Taiwanese are facing a shortage of color filters [panel components] and their 5G yield rates are very low."

In recent time, China domestic companies like BOE have overtaken LCD manufacturers from Korea and Japan. For the first three quarters of 2020, China LCD companies shipped 97.01 million square meters TFT LCD. And China"s LCD display manufacturers expect to grab 70% global LCD panel shipments very soon.

BOE started LCD manufacturing in 1994, and has grown into the largest LCD manufacturers in the world. Who has the 1st generation 10.5 TFT LCD production line. BOE"s LCD products are widely used in areas like TV, monitor, mobile phone, laptop computer etc.

TianMa Microelectronics is a professional LCD and LCM manufacturer. The company owns generation 4.5 TFT LCD production lines, mainly focuses on making medium to small size LCD product. TianMa works on consult, design and manufacturing of LCD display. Its LCDs are used in medical, instrument, telecommunication and auto industries.

TCL CSOT (TCL China Star Optoelectronics Technology Co., Ltd), established in November, 2009. TCL has six LCD panel production lines commissioned, providing panels and modules for TV and mobile products. The products range from large, small & medium display panel and touch modules.

Established in 1996, Topway is a high-tech enterprise specializing in the design and manufacturing of industrial LCD module. Topway"s TFT LCD displays are known worldwide for their flexible use, reliable quality and reliable support. More than 20 years expertise coupled with longevity of LCD modules make Topway a trustworthy partner for decades. CMRC (market research institution belonged to Statistics China before) named Topway one of the top 10 LCD manufactures in China.

The Company engages in the R&D, manufacturing, and sale of LCD panels. It offers LCD panels for notebook computers, desktop computer monitors, LCD TV sets, vehicle-mounted IPC, consumer electronics products, mobile devices, tablet PCs, desktop PCs, and industrial displays.

TCL was the first to introduce LCD TVs with a miniLED backlight in 2019. CSoT’s acquisition of LCD patents from Samsung Display signifies a shift of power in the global TV market, putting TCL at the forefront of LCD TV development.

This also came in conjunction with the rising demand for TCL TVs in the global market, reinforcing the Chinese electronics giant, TCL as a leading player in the TV industry.

TCL has established itself as a promising global TV brand on the up and up that can stay relevant and competitive in the ever-changing market. With this ambitious move by TCL, consumers can expect to see the global TV brand continues to get more dominance and authority in the industry.

Data from China Optics and Optoelectronics Manufactures Association Liquid Crystal Branch (CODA) shows that in 2021, the output value of China"s display industry was about 586.8 billion yuan (about $84.05 billion), nearly eight times higher than 10 years ago while delivered display panels totaled about 160 million square meters, more than seven times that of a decade ago.

According to CODA, China"s proportion of industry scale and display panel delivered area in the global market has increased to 36.9 percent and 63.3 percent respectively, ranking first in the world.

Statistics show that in the third quarter of 2022, the market share of OLED panels for domestic smart phones accounted for 30 percent of the global market, an increase of 10 percent over the same period last year.

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 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.

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.

Flat-panel displays are thin panels of glass or plastic used for electronically displaying text, images, or video. Liquid crystal displays (LCD), OLED (organic light emitting diode) and microLED displays are not quite the same; since LCD uses a liquid crystal that reacts to an electric current blocking light or allowing it to pass through the panel, whereas OLED/microLED displays consist of electroluminescent organic/inorganic materials that generate light when a current is passed through the material. LCD, OLED and microLED displays are driven using LTPS, IGZO, LTPO, and A-Si TFT transistor technologies as their backplane using ITO to supply current to the transistors and in turn to the liquid crystal or electroluminescent material. Segment and passive OLED and LCD displays do not use a backplane but use indium tin oxide (ITO), a transparent conductive material, to pass current to the electroluminescent material or liquid crystal. In LCDs, there is an even layer of liquid crystal throughout the panel whereas an OLED display has the electroluminescent material only where it is meant to light up. OLEDs, LCDs and microLEDs can be made flexible and transparent, but LCDs require a backlight because they cannot emit light on their own like OLEDs and microLEDs.

Liquid-crystal display (or LCD) is a thin, flat panel used for electronically displaying information such as text, images, and moving pictures. They are usually made of glass but they can also be made out of plastic. Some manufacturers make transparent LCD panels and special sequential color segment LCDs that have higher than usual refresh rates and an RGB backlight. The backlight is synchronized with the display so that the colors will show up as needed. The list of LCD manufacturers:

Organic light emitting diode (or OLED displays) is a thin, flat panel made of glass or plastic used for electronically displaying information such as text, images, and moving pictures. OLED panels can also take the shape of a light panel, where red, green and blue light emitting materials are stacked to create a white light panel. OLED displays can also be made transparent and/or flexible and these transparent panels are available on the market and are widely used in smartphones with under-display optical fingerprint sensors. LCD and OLED displays are available in different shapes, the most prominent of which is a circular display, which is used in smartwatches. The list of OLED display manufacturers:

MicroLED displays is an emerging flat-panel display technology consisting of arrays of microscopic LEDs forming the individual pixel elements. Like OLED, microLED offers infinite contrast ratio, but unlike OLED, microLED is immune to screen burn-in, and consumes less power while having higher light output, as it uses LEDs instead of organic electroluminescent materials, The list of MicroLED display manufacturers:

LCDs are made in a glass substrate. For OLED, the substrate can also be plastic. The size of the substrates are specified in generations, with each generation using a larger substrate. For example, a 4th generation substrate is larger in size than a 3rd generation substrate. A larger substrate allows for more panels to be cut from a single substrate, or for larger panels to be made, akin to increasing wafer sizes in the semiconductor industry.

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OLED is a relatively new technology and part of the recent innovations in displays. It has a fast response rate, wide viewing angles, super high-contrast images and richer colors. It is thinner and can be made flexible and foldable, compared with the traditional LCD display panel.

The shipment of OLED panels used in smartphones is expected to rise to about 100 million units in the Chinese market this year from 83 million units last year, as major smartphone makers have ramped up efforts to launch foldable handsets, said Sigmaintell Consulting, a Beijing-based market research firm.

Display panel supplier BOE Technology Group Co Ltd topped the domestic market with OLED panel shipments of 16 million units in the third quarter. It became the world"s second-largest OLED maker next to South Korea"s Samsung Display. Visionox Technology Inc took second place domestically with shipments of 6.3 million units in the third quarter.

China will overtake South Korea to become the biggest OLED manufacturer by 2024, as more Chinese companies have invested heavily in new OLED production lines, said Zhou Hua, chief analyst at CINNO Research, a Chinese flat panel display consultancy firm.

Zhou said that at present, China has become the world"s largest display panel producer, and is foreseen accounting for about 76 percent of global OLED production capacity by 2025.

Li Yaqin, general manager of Sigmaintell, said demand for flexible OLED panels used in foldable smartphones will continue to increase this year on the back of commercial application of 5G technology, and panel makers should further improve their yield rate capacities and reduce production costs.

According to market research company Omdia, OLED panel shipments for smartphones will reach 812 million units globally next year, an increase of 38.8 percent compared with the estimated 585 million units in 2021.

Chinese smartphone makers have increased the number of high-end smartphones integrating flexible active-matrix organic light-emitting diodes, or AMOLED, panels, said Brian Huh, principal analyst of small and medium-sized displays at Omdia.

Xu Fengying, vice-president of Visionox, said AMOLED panels will have wider applications in smartphones, computers, smart wearables, vehicles, virtual reality and augmented reality because of surging demand for flexible display screens.

"The AMOLED market will continue to grow, and the penetration rate of flexible display products is expected to rise," said Zhu Xiujian, general manager of Visionox"s product engineering center, adding the flexible and foldable screens will play a vital role in bolstering the growth of small and medium-sized smartphones.

In addition, global shipments of televisions are expected to fall to 232 million units this year, down 7.1 percent on a yearly basis. TV sales in the domestic market, which fell 15.9 percent year-on-year to 25.89 million units in the January-September period, will slump to 41 million units by the end of the year, said Sigmaintell.

Chinese television maker Skyworth Group has been producing OLED TVs in partnership with South Korea"s largest panel maker, LG Display, since 2013. Other home appliance manufacturers such as Hisense, Konka, Huawei and Sony have also tapped into the OLED TV market.

Five major Chinese companies, including China Life Insurance Company, PetroChina Company Limited, China Petroleum & Chemical Corporation, Aluminum Corporation of China Limited, and Sinopec Shanghai Petrochemical Company Limited, recently indicated they will voluntarily delist from the New York Stock Exchange (NYSE). The American depositary receipts (ADR, or the form in which Chinese companies listed on US stock exchanges are traded) issued by those five companies raised $7.1 billion, a tiny fraction of their combined market capitalization of $414 billion.

Generally speaking, the number of Chinese ADRs traded on US stock exchanges is small, on average about 10% of the number of shares traded in China or Hong Kong. Consequently, the liquidity impact of delisting for those five companies is minimal. Furthermore, international—including US—investors can still invest and trade in those companies’ shares in China and/or Hong Kong, so that those companies retain access to international capital.

As well, looking forward, the delisting prospects for the additional three hundred or so companies based in China or Hong Kong (together with a market capitalization of $2.4 trillion) remain uncertain. Two decades of negotiations between the United States and China to allow PCAOB access to auditing review documents of those companies drag on. Chinese companies will face a delisting deadline in 2024 according to the Holding Foreign Companies Act of 2020. Assuming that all US listed companies based in China and Hong Kong will delist, the United States will lose a small fraction of their $2.4 trillion of market capitalization. The loss is negligible compared to the $48.2 trillion combined market cap of US stock exchanges.

More importantly, the delisting of Chinese companies from US stock exchanges does not indicate that China wants to isolate itself from world financial markets. It more likely highlights the trend of the world dividing into two economic and financial spheres, and abiding by increasingly differentiated rules, regulations, and standards.

China has actually taken several measures to liberalize inward capital movements, mainly by establishing the Bond Connect (2017) and Stock Connect (2014) programs to facilitate international investors taking positions and trading in domestic Chinese stock and bond markets. These programs have been expanded to include swap contracts and exchange traded funds (ETFs) to offer greater choice to investors. Derivative contracts are scheduled to open to international investors. China has also improved the working of its qualified institutional investor programs. Consequently, the amount of domestic Chinese financial assets owned by foreign investors has increased substantially from $459 billion in 2016 to $1.2 trillion in 2020. More specifically, foreign holding of Chinese domestic bonds has risen to RMB 3.6 trillion ($531 billion) as of June 2022. Likewise, foreign holding of Chinese companies’ A-shares listed domestically and H-shares listed in Hong Kong stood at RMB 1.5 trillion ($221 billion) and HKD 2.1 trillion ($268 billion)—for a total of $488 billion—at the end of 2021.

Hung Tran is a nonresident senior fellow at the Atlantic Council GeoEconomics Center; former executive managing director at the Institute of International Finance and former deputy director at the International Monetary Fund.

The Branded Products Business includes business lines for creative and non-creative uses (solutions based on pen tablets and pen displays) and for enterprises and organizations (business solutions with digital signature tablets and LCD pen tablets).

On  September 23, 2022, OFAC issued Iranian General License D-2 (which superseded General License D-1, dated February 7, 2014), authorizing the exportation or reexportation, directly or indirectly, from the United States or by U.S. persons, wherever located, to persons in Iran of "certain services, software, and hardware incident to personal communications". General License D-2 enumerates certain categories authorized for export to non-prohibited end-users and end-uses in Iran. Some Apple goods and Apple software fall into these categories. For scope and further details, see General License D-2 and the Annex to General License D-2, available from OFAC"s Iran Sanctions Resource Center at http://www.treasury.gov/resource-center/sanctions/Programs/pages/iran.aspx.

On January 16, 2015, BIS amended the Export Administration Regulations to create a new license exception Support For The Cuban People (SCP) and to authorize sales of the certain items covered under license exception Consumer Communication Devices (CCD). OFAC also published amendments to the Cuban Asset Control Regulations (CACR) authorizing export and reexports of items authorized for exports by BIS. License exceptions SCP and CCD enumerate certain categories authorized for export to non-prohibited end-users and end-uses in Cuba. Some Apple goods and Apple software fall into these categories. For scope and further details, see Cuba specific guidance on BIS website available at http://www.bis.doc.gov/index.php/policy-guidance/country-guidance/sanctioned-destinations/cuba and OFAC"s Cuba Sanctions Resource  Center available at http://www.treasury.gov/resource-center/sanctions/Programs/pages/cuba.aspx.

The world’s top four LCD suppliers for TVs will be mostly from in 2020, while the total shipment from global LCD companies is likely to fall by 8.2% to 265 million units, according to market research firm IHS Markit on Dec. 18.

IHS Markit said this would mark the first time in 10 years to witness a decline in such panel shipments, as unlike Chinese companies that will continue to ship more, South Korean suppliers will be cutting their volume.

As with BOE, CSOT is mass producing Gen-10.5 and Gen-11 LCD panels. CSOT will also be ramping up production from its first Gen-11 LCD production line, the T6, by the end of this year. The T7, which is the firm’s second Gen-11 line, is to begin mass production by 2021.

Meanwhile, Taiwan’s Innolux is expected to maintain its No.3 status, while China’s HKC will rise to the fourth-largest supplier. HKC had earlier been cited as likely to acquire the Gen-8 LCD production lines at Samsung Display’s suspended panel plant, but Samsung has chosen a different Chinese manufacturer that had no display production lines.

In terms of country, China will ship 58% of the total amount of LCD panels for TVs to reflect a jump from this year’s 47%. South Korean firms, on the other hand, are to see their shipment fall to 17% from this year’s 27%. The 17% will be smaller than the share by Taiwanese firms, which are likely to ship around 22% of the total global volume.

It appears too soon to say that Samsung Display and LG Display, the nation’s top display makers, will exit from the less lucrative LCD market amid a cutthroat competition with Chinese rivals with cheaper pricing.

Until a few years ago, the two firms had hinted at retiring from the old-school LCD business to focus on more advanced technologies such as upgraded LCDs or OLEDs to widen the gap with Chinese runner-ups.

But experts here say there has been a sign of change in the attitudes more recently, pointing out that their full shutdown of LCD operations ultimately would hinge on elevating profitability of their high-end push.

In 2020 alone, Samsung Display posted a deficit of more than 1 trillion won ($841.5 million) in its LCD business. But it has no other option but to continue production to meet the demand from its parent Samsung Electronics, the world’s largest TV maker.

The firm last year sold its LCD production facility in China to its Chinese rival TCL China Star Optoelectronics Technology, a key supplier to Samsung TVs. But the LCD line in Suzhou, China recently cut its panel supply almost in half, with Samsung’s display unit highly likely to be tasked with filling the void.

“(Samsung Electronics) have few choices but to contract with Samsung Display to make up for its LCD TV set capacity,” said Yi Choong-hoon, chief analyst at UBI Research.

This put Samsung Display‘s full exit plan in disarray. After the sell-off of the Chinese facility, the firm is also scaling down its LCD plant in Asan, South Chungcheong Province, to convert part of the facilities to its quantum-dot OLED lines to supply to set makers including Japanese firm Sony.

LG Display’s LCD business -- with production lines in Paju, Gyeonggi Province and Guangzhou, China -- is poised to generate 2.5 trillion won in operating profit for 2021, up fourfold from the previous year, according to Kim Jung-hwan, an analyst at Korea Investment & Securities, on Thursday.

This comes in sharp contrast with OLED TV earnings estimate. According to Kim, LG Display‘s OLED TV operations will post 152 billion won in operating loss, as its fourth-quarter forecast to generate 62 billion won income was dwarfed by 214 billion won losses for the previous three quarters. Since inception, LG’s OLED panel business has been in the red due to heavy spending.

Now, the question is whether the company is ready to be fully dedicated to next-generational OLED panels for premium TVs featuring self-lit pixels. Yi of UBI Research says it is too premature.

“A bigger penetration of OLED TVs to consumers is a prerequisitie for a conversion of (LG Display’s) existing LCD TV lines to OLED TV lines,” he said.

Analysts also said LG Display has already streamlined its LCD TV lines under a series of restructuring of LCD TV lines, including a conversion to lines for IT devices including mobile phones.

“(LG Display‘s) LCD TV fabs with low profit margin have completed a retreat in the first half of 2021,” said Kim Sun-woo of Meritz Securities. “LG is now capable of maintaining LCD capacity with a decent profit margin.”

This comes against the backdrop of industry projections that LCD TV panel prices continue to fall steadily over the course of the first quarter, and Chinese rivals are forecast to ramp up dominance in LCD market,

According to US-based market intelligence firm Display Supply Chain Consultants, Chinese firms’ LCD market share on a capacity basis are forecast to rise to 71 percent by 2025, from 53 percent in 2020, far outpacing Korea, Japan and Taiwan, as of June 2020.

Another estimate, released earlier this week, showed the price for LCD TV panels regardless of size -- ranging from 32- to 65-inch -- is projected to fall until March, giving up almost entire gains from July 2020 to July 2021 that is partly attributable to announced exits of Korean LCD panel makers.

The quarter-on-quarter price declines in the first quarter of 2022 to range between 10 percent and 23 percent and average 15 percent, with mid-sized panels taking the largest dip.

“Although the declines are slowing down in the first quarter, they are still severe for panel makers,” noted Robert O‘Brien, co-founder and principal analyst at DSCC.