Samsung Display not really worried about OLED competition from Foxconn and Sharp

Display
By 

Last updated: October 18th, 2016 at 05:05 UTC+02:00

Foxconn recently acquired Sharp and reports are now suggesting that the Chinese giant is going to invest nearly $2 billion in setting up a plant for production of OLED panels in China. You’d think that this would concern the current market leader Samsung Display which accounts for 95 percent of the small and mid-size OLED market but that doesn’t appear to be the case.

According to reports, Foxconn and Sharp’s new plant will begin mass production of small and mid-size OLED panels by 2019. Sharp has already invested $550 million for prototype OLED production at its Sakai plant in Japan. This latest effort in collaboration with Foxconn appears to be an attempt to challenge Korean conglomerates Samsung and LG in the OLED market. A Samsung Display official brushes off the reports and says that there’s nothing new about hearing that Chinese firms are investing in OLED production.

Analysts already believe that Chinese OLED suppliers are unlikely to challenge Samsung Display for a couple of years so the company has a considerable margin to further improve its yields and increase market share before their capacity starts coming online in a few years and even then the difference in technology might skew things in Samsung’s favor.

Via Display Samsung Display
Load comments

Related News

iPhone 13 helped Samsung sell a lot more of its OLED panels

  • By Adnan F.
  • 2 weeks ago

Samsung Display outshines competition in global smartphone panel sales

  • By Anil G.
  • 3 weeks ago

Samsung and Apple have canceled their OLED iPad project

  • By Adnan F.
  • 4 weeks ago

All of Google Pixel 6’s best bits seem to be coming from Samsung

  • By Adnan F.
  • 1 month ago

Samsung begins mass production of 90Hz OLED panels for laptops

  • By Asif S.
  • 1 month ago

Galaxy Tab S8 Ultra to introduce new ultrathin display bezel tech R …

  • By Mihai M.
  • 1 month ago

Samsung’s new 13-inch stretchable OLED literally adds a 3rd dime …

  • By Mihai M.
  • 2 months ago

Samsung takes foldables to a whole new level with this demonstration

  • By Anil G.
  • 2 months ago