After acquiring two major LCD fabs, giants like CSOT, BOE is ready to take a leap into the LCD panel market. A report from Digitimes says China will soon outrun everyone else in the Global LCD panel production capacity.

Digitimes’ report says China will soon hold 70% of Global LCD panels production capacity. This is a huge 10% jump from the current 60% says the report citing industry sources. The report adds that China’s BOE Technology and  China Star Optoelectronics Technology (CSOT) were the frontrunners in 2020. Companies like  Innolux, Chongqing HKC, Samsung Display, LG Display. And AU Optronics (AUO) are behind them on the list.

Furthermore, the production of LCD will reportedly take the center stage more in China next year. This is after the acquisition of new fabs by BOE, and CSOT. If we recall, BOE acquired two fabs– 8.5G, and 8.6G from CEC-Panda LCD Technology as the latter suffered heavy loss. The move, which is to strengthen its already dominant LCD technology portfolio, will likely make it hold 28% of the World’s Large-sized panel capacity.

On the other hand, CSOT bought an 8.5 fab from Samsung Display as the company is withdrawing its LCD segment from China as a whole. That said, BOE has a combined production capacity of 12.71 million SqKms compared to CSOT’s 8.58 million Sqkms. Having said that, both of them were the only ones out of six sitting in Top two for the LCD-panel supplier’s list and witnessing growth in H1 2020.

Accordingly, the TV market also witnesses a boom in Global TV shipments with an improvement of 12% YoY inQ3 2020 from 2019. For North America(NA), the growth rate is about 20% YoY between January-August 2020. Demand for edutainment systems across the globe during the pandemic is the main reason for the fight back. Samsung tops the overall shipment of TVs globally and LG, TCL, HiSense, and Xiaomi complete the list.

Among them, TCL has the most interesting growth of 29% QoQ. And a whopping 57% YoY increase, shipping 7.33 million units totally in NA.

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Sharp has always been known its innovation in LCD TV technology right from producing the world’s largest LCD TV standing at 108 inches in 2007 to the manufacture of the first television with 8K resolution in 2015. The company has been blazing the trail in that direction but unfortunately, has been struggling in the face of one financial crisis or the other. Foxconn first announced its intent to acquire up to 66% controlling stake in Sharp in February last year. The deal was worth 700 billion Japanese yen (US$6.24 billion). The deal was finalized with Foxconn agreeing to pay US$3.5 billion for the stake instead. This investment by Foxconn resulted in Sharp’s first operating profit in three years, announced in April 2017 attributed to the restructuring efforts by Foxconn.

Looks like Foxconn is looking at diversifying the Sharp brand beyond its stronghold of LCD TV production as there are reports from Japan that Sharp may soon start manufacturing OLED TV panels at one of its plants next year. The report carried in the Japanese Times states that the tech giant will invest 57.4 billion Japanese yen ($515 million USD) in building two production lines for OLEDs, one located in Sakai, Osaka Prefecture, and in the town of Taki, Mie Prefecture.

According to the report, the new production lines are expected to go into operation in April-June next year. The production lines would no only manufacture OLED panels for TVs but will mass-produce small and medium-size OLEDs for laptops and smartphones. Specifically, the Sakai plant is where the company plans to promote the development of large displays for TVs.

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The Foxconn-controlled company will, however, continue producing LCD panels, especially the development of 8K ultrahigh-definition liquid crystal display TVs as well. The addition of OLED production lines will only help in revamping the fortunes of the company as the demand for OLED panels is higher and Foxconn, as a contract manufacturer, already has a large client base where it would utilize the OLED panels Sharp would produce.

(source)

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