China's foldable phone rush to boost local display makers

Top 3 players set to have over 50% of folding display market this year: report

huawei phone

Chinese companies like Huawei are betting big on foldable displays. © Reuters

WATARU SUZUKI, Nikkei staff writer

SHANGHAI -- A flood of foldable smartphones released by Chinese companies will help boost local display makers' market share in the segment to over 50% this year, according to U.K. market researcher Omdia.

The rapid rise of Chinese display makers in the foldable market underscores the threat to South Korea's Samsung Electronics and its display arm, which are struggling to make inroads in China, as well as to iPhone maker Apple, which has yet to enter the segment. 

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