BOE Expected to Surpass LG Display This Year as World’s Top Panel Supplier, Says IHS

Panel maker BOE Technology Group’s share of total industry production capacity is projected to rise to 17.7 percent this year, edging out LG Display for the first time, said IHS Markit Tuesday. BOE in 2019 will expand production capacity to more than 59 million square meters (635 million square feet) as it ramps up production at its Gen 10.5 LCD factory and its Gen 6 flexible AMOLED fab, said IHS. Corning is ramping Gen 10.5 glass production collocated with the BOE plant in Hefei, China (see 1805100002). “With plans to build even more LCD and AMOLED factories, BOE will solidify its leadership position in the coming years, with a 21 percent market share in 2023,” said IHS. “This represents rapid progress from just a 10 percent market share four years ago.” BOE’s growth story “epitomizes China’s rapid rise toward becoming the world’s top display manufacturing region,” said IHS. With five Gen 10.5 factories expected to be in full production by 2023, China will control 62 percent of worldwide capacity, “almost four times as much as any other region,” the researcher said.