China's BOE chases South Korean rivals in OLEDs with new factory

LCD market leader races for newest production tech, eyeing second success story

20240527N BOE construction site

BOE broke ground in March on an $8.7 billion cutting-edge OLED production site northwest of Chengdu. (Photo by Shunsuke Tabeta)

SHUNSUKE TABETA, Nikkei staff writer

BEIJING -- China's BOE Technology Group looks to boost production of organic light-emitting diode panels by more than half within three years with a new factory, challenging rivals like Samsung Electronics as the group seeks to advance beyond its lead in LCDs.

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