Chinese Suppliers Shine in Large-Sized LCD Panel Market in Q1
Image via iSuppli
"Although the major South Korean brands continued to dominate, Chinese suppliers represented the fastest-growing contingent of the large-sized liquid crystal display (LCD) panel market in the first quarter, capitalizing on rising production and strong domestic demand for 32-inch televisions.
No. 5 Beijing Optoelectronics Technology Co. Ltd. (BOE) of China achieved first-quarter shipment growth of 18.6 percent, the best performance among the Top 10 suppliers, according to preliminary results from a new IHS iSuppli LCD Market Tracker report from information and analytics provider IHS (NYSE: IHS). No. 7 player Infovision Optoelectronics Co. Ltd. (IVO), also of China, increased its own shipments by a slightly smaller 18.3 percent, the second-best results for the Top 10.
However, it was two newer Chinese entrants that were not ranked among the Top 10 that saw the most explosive growth in the first quarter. CEC achieved a 63.5 percent expansion, while China Star Optoelectronics Technology more than doubled its shipments with a 103.3 percent increase, by far the largest growth in the market.
“The Chinese players are cashing in on the country’s fast-growing demand for 32-inch panels used in televisions,” said Sweta Dash, senior director for liquid crystal displays at IHS. “Meanwhile, the Chinese suppliers are ramping up production, allowing them to expand shipments at a fast pace. Both BOE and China Star have new 8.5-generation fabs, which will allow them to compete with other suppliers that possess similar next-generation fabrication facilities, especially in the television market. The Chinese manufacturers also are benefiting from new tariffs levied by their government, which are creating challenges for their overseas competitors.”" via iSuppli
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