Shenzhen Enrich Electronics Co.,Ltd

Mantianxin News, due to the unbearable competition from Chinese panel makers, in January this year, South Korean manufacturer LGD announced that the company’s LCD TV panel production line in South Korea will be fully halted by the end of this year and will go all out for OLED panels.

But did not expect the outbreak of the epidemic, the TV market is booming, the panel industry followed suit, and LGD began to shout the truth.

According to a Korean media etnews report on the 8th, industry sources revealed that LGD has issued a notice to partners and related companies that LGD Korea’s LCD panel production line will be shut down for one year.

The report pointed out that the main reason is that the outbreak has changed LGD's view. The new crown pneumonia is raging and people spend more time at home. The demand for home entertainment has greatly increased, which has driven TV demand. The global TV market has improved significantly, prompting LGD to change its decision.

LGD continues to develop the OLED business as it extends LCD production. Outsiders estimate that LGD's OLED TV panel revenue this year will surpass LCD for the first time. Omdia predicts that LGD’s OLED panel revenue this year will account for 55% of the total TV panel revenue, which is higher than last year’s 33%.

Recently, LCD TV panel prices have soared

TrendForce data shows that LCD panel prices soared 30% in the third quarter. In addition, Samsung Display, a panel manufacturer of Samsung Electronics, withdrew from the LCD business, worsening the supply shortage.

According to WitsView data, the price of 65-inch/55-inch/43-inch/32-inch TV panels in late September increased by 6.5%/9.0%/8.4%/13.6% from the previous month; desktop monitor panels were 27-inch/ The price of 23.8-inch/21.5-inch increased by 0.0%/0.4%/1.8% year-on-year; the price of notebook panel 17.3-inch/15.6-inch/14-inch/11.6-inch increased year-on-year 1.0%/1.3%/3.0%/3.0%.

In addition, driven by overseas "Black Friday" and "Christmas" stocking peak season demand, as well as domestic "11.11" stocking demand, global LCD TV panel stocking demand remains strong. At the same time, the demand for superimposed IT and other applications remains high, resulting in The supply shortage continued to the beginning of the fourth quarter.

At the same time, the integration of the panel industry is still accelerating. BOE announced that it intends to acquire part of the shares of Nanjing CLP Panda G8.5 and Chengdu CLP Panda G8.6 for no less than 12.117 billion yuan.

TCL Technology also acquired the equity of Suzhou Samsung Display earlier, and the panel market has accelerated the integration, and the overall production capacity and market share of leading manufacturers will further increase.