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Business trends

China's top LCD makers gobble up rivals as expansion hits limits

BOE on track to overtake LG Display as South Korean players shift to OLEDs

An electronics store in Beijing: Demand for TVs and computers rose under coronavirus lockdowns, supporting LCD production.

BEIJING/SEOUL -- As the global market for liquid crystal displays nears saturation, China's top two producers are rushing to acquire existing facilities in a bid to further cement their dominance.

Production capacity for LCDs has risen in recent years, largely due to aggressive state-backed investments in China. But the rise of more advanced products like organic light-emitting diodes has prompted LCD makers to shift away from building new plants and go after existing assets instead.

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