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Business trends

China breaks into Samsung's OLED dominance

Visionox and BOE hope new facilities close gap with smartphone display leader

OLED Visionox
Visionox opened the new OLED smartphone displays factory in Hebei Province, China

LANGFANG, China -- Chinese companies are opening state-of-the-art factories that can mass-produce OLED smartphone displays in an effort to break up Samsung Electronics' near monopoly in the field.

A total of 10 facilities are expected to be built in China over the next three years at a cost of about $4.5 billion apiece.

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