Made in China has taken the lead in 13 industries, highlighting the rapid rise of Made in China. Recently, Made in China has completely defeated overseas counterparts in one industry, proving once again the strength of Made in China.
1. Overseas companies admit failure
In advance, LGD announced that its 8.5-generation LCD panel production line in Guangzhou had ceased production. It is expected that the project will be sold to a Chinese panel company, which means that Korean panels have completely withdrawn from this market.
The South Korean panel company Samsung struggled for seven years in the 1990s, suffered seven years of losses, and finally won the Japanese panel. As a result, Samsung became the world's largest LCD panel company in the late 1990s.
After the rise of Samsung, LGD also took advantage of the trend to join the LCD panel industry. In the 21st century, Samsung maintained its dominance in the global LCD panel market for nearly ten years. However, with the rise of OLED panels, Samsung gradually reduced the LCD panel industry, and LGD quickly replaced Samsung as the number one in the global LCD panel market.
However, LCD panels at that time still had relatively large profits. LGD and Samsung ranked the top two in the global LCD panel industry respectively. With the rise of Chinese panels in 2010, Korean panels finally felt the end of the road. Samsung took the lead in reducing the production capacity of LCD panels. In 2020, Samsung sold the last LCD panel production line to TCL Huaxing, thus completely withdrawing from the LCD panel market. In 2022, Samsung will also sell all the LCD panel patents it holds to TCL Huaxing.
LGD is attached to the LCD panel business. After all, LGD’s TV OLED panel business is not developing smoothly, and its mobile phone OLED panel business has been lagging behind Samsung. It is even squeezed by BOE’s OLED panel business. Now LGD has finally recognized it. Unable to compete with Chinese panels in the LCD panel market, it finally chose to give up after more than two years of delay. As a result, South Korea completely withdrew from the LCD panel market.
2. The Rise of Chinese Panels
The rise of Chinese panels is similar to that of Samsung. In 2003, BOE acquired a 3.5-generation LCD panel production line from Hyundai. Since then, BOE has continued to invest in the research and development of LCD panel technology. An 8.5-generation LCD panel production line that belonged to the mainstream technology in the world at that time.
Also in 2009, TCL CSOT also prepared to build an LCD panel production line, thus the rise of the Chinese panel duo. In 2018, BOE put into production the world's most advanced 10.5-generation line, and BOE finally surpassed Korean panel companies to become the world's largest LCD panel company; in 2019, TCL CSOT put into production the world's most advanced 11-generation line, and TCL CSOT became the No. The second largest LCD panel company.
The Chinese panel duo has surpassed Korean panel companies in terms of LCD panel technology, and has unique advantages in terms of production costs. After all, Chinese manufacturing has always had a cost advantage. Under the pressure of China's two major panel companies, Korean panel companies The LCD panel market has become increasingly difficult, until now Korean panel companies have completely withdrawn from the LCD panel market.
After the Chinese panel duo achieved a leading market position in the LCD panel market, they began to catch up with Korean companies in more advanced panel technology, and BOE took the lead. BOE mass-produced small and medium-sized OLED panels in 2017, officially delivered OLED panels to Huawei in 2018, and supplied OLED panels to Apple in 2021. It is reported that 70% of the OLED panels for Apple’s iPhone 15 will be supplied by BOE this year. The small and medium-sized OLED panel market is second only to Samsung, and LGD has lagged behind BOE.
In fact, TCL Huaxing also mass-produces small and medium-sized OLED panels. Many domestic mobile phone brands such as Xiaomi mobile phones have adopted TCL Huaxing’s OLED panels. TCL CSOT has greater ambitions. In addition to making efforts on OLED panels, it has mass-produced more advanced miniLED panels. TCL TVs have already adopted their own miniLED panels. More than 3 million units.
miniLED is considered to be the transition of microLED, microLED will replace OLED, microLED is more durable, has no screen burn-in problem, and can be folded at will. However, the difficulty of microLED panel technology is too high. Panel companies in Taiwan and mainland China have chosen first Commercially available mini LEDs with slightly lower technical difficulty.
According to this development momentum, Chinese panel companies will not only surpass South Korean panels in terms of production capacity, but will even achieve corner overtaking in advanced panel technology, surpassing South Korea. The panel industry has become a model for the transition from Chinese manufacturing to high-end manufacturing. It has grown from nothing to excellent, and finally surpassed it, inspiring more Chinese technology industries to strive to catch up.