Tianma is planning on shipping a total of 40 million OLED display panels next year. Out of this figure, 20 million units are flexible OLED panels that are planned for shipments in 2021.
According to TheElec report, the Chinese display maker’s goal is half of BOE‘s target of shipping 40 million flexible OLED panels, which it announced back in August 2020. market research had also found that Tianma has already shipped around a million OLED panels this year, so the target for next year is a whopping 40 times this figure. The analysis from Stone Partners also estimates that the company will only be able to ship 7.5 million OLED panels in 2021, which is just around 20 percent of the company’s far fetched goals.
Editor’s Pick: Samsung to exclude chargers from Galaxy S21 retail box as the company removes posts mocking Apple
At the moment, Tianma is proceeding to place orders for equipment for its 6th gen OLED factory, TM18. This equipment will be placed in the factory by the first half of 2022 and will have a production capacity of 48,000 substrates per month, which is higher than its current gen TM17’s 37,500 substrates production capacity. Furthermore, the company is producing its rigid OLED panels at its TM15 factory in Shanghai and has been used to supply smartphone OEMs like Xiaomi, Lenovo, Asus, HTC, and LG Electronics.
Notably, the company’s flexible panels are also being tested by Xiaomi, Vivo, and Honor. Tianma also has a chance of becoming another supplier of Xiaomi along with BOE. At the moment, both display makers are facing difficulties in securing customers for their flexible OLED panels, especially after the void left behind by Huawei. Currently, many smartphone brands are yet to adopt flexible display technology.
UP NEXT: Russia’s own version of TikTok is being developed with Vladimir Putin’s Alleged Daughter Katerina Tikhonova
