China's BOE Technology Group aiming to overtake Samsung in foldable screen production
- Asian Market
- 7 months ago
China's BOE Technology Group, has won the bid to provide flexible OLED screens for Huawei’s Mate X which is its first foldable phone which many thought was going to be in the hands of Samsung Display.
The quality of BOE’s products are still questionable, hence CSOT (China Star Optoelectronics Technology), Tianma Microelectronics and Visionox are ramping things up as they aim to be the world leaders in cutting-edge display.
According to some analysts a rapid expansion of China's state-backed display makers could spark a brutal price war, hitting the margins and market share of existing leaders, as happened in the LCD market.
Flexible OLEDs are essential for curved-corner smartphones, now the industry's mainstream design.
They are also required for foldable phones, an innovation seen as key to reviving growth in a slowing smartphone market.
BOE, which became the first Chinese company to produce flexible OLEDs for smartphones in 2017, plans to have an additional capacity of 45,000 panels per month by the end of this year.
Its total capacity will rise to around 90,000 OLED panels, on a monthly basis, the flexible OLED display capacity of BOE alone for smartphones will exceed second-ranked LG Display's 60,000 panels and narrow the gap with top player Samsung Display's 165,000 panels this year.
Source: Smart Trend Team