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China tech

China poised to amass 43% of global OLED panel output capacity

Current leader South Korea looks behind its shoulder as gap narrows

China's BOE Technology Group has ramped up production of OLED panels in recent years. (Photo by Imaginechina via AP)

TOKYO -- China is on track to control 43% of global OLED panel production capacity, putting it in striking distance of the South Korean competition.

BOE Technology Group and TCL China Star Optoelectronics Technology (TCL CSOT) are among the Chinese panel makers to have ramped up output since around 2019 with generous state subsidies. China is gaining on South Korea, whose share of capacity is seen reaching 55% for 2022 in an October estimate by U.S. market intelligence firm Display Supply Chain Consultants (DSCC).

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