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Companies

Chinese flat-panel maker to surpass LG as world's largest

BOE's rise signals growing footprint of Beijing-backed players

BOE is a supplier to TV makers including Sony, Samsung and Hisense.   © Reuters

NEW YORK -- State-backed Chinese manufacturer BOE Technology Group is expected to outstrip South Korea's LG Display as the top maker of flat-panel displays this year, marking China's growing dominance in the field.

The Beijing-based and Shenzhen-listed supplier of television screens to companies including Sony, Samsung Electronics and Hisense will reach a 17.7% share in flat-panel-display production capacity to beat LG Display for the first time, market research provider IHS Markit said in a Tuesday report.

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