Bac Ninh City is located in northern Vietnam. BOE plans to produce various small and medium-sized display panels such as organic light-emitting diodes (OLEDs) and liquid crystal displays (LCDs) at its factory in Bac Ninh. The panels it produces are supplied to Apple, mainly for iPhone SE (fourth generation). BOE’s Bac Ninh factory is scheduled to be completed and put into operation in 2025.

The report that an important reason why BOE decided to build a display panel factory in Bac Ninh is to meet Apple’s requirements and use the city’s relevant preferential policies to accelerate the landing of the factory.

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Data source: CINNO Quarterly Mobile Phone Panel Value Chain Report

Here is a brief commentary from the research firm:

• 2022 global AMOLED smartphone panel shipments by region, South Korea’s regional share of 70.7%, the domestic manufacturers accounted for 29.3% of shipments, the domestic share compared to last year’s 20.3% increased by 9 percentage points, the share of rapid climbing.
• Samsung Display (SDC) AMOLED smartphone panel shipments of about 380 million pieces, down 21.6% year-on-year, the market share of 72.3% from the same period last year narrowed to 63.1%, mainly by the price squeeze from the Chinese mainland flexible AMOLED panel factory, its shipments and market share is showing a downward trend.
• BOE (BOE) AMOLED smartphone panel shipments of about 0.8 billion, an increase of 31.1% year-on-year, market share of 13%, up 4.1 percentage points, ranked second in the world, the first domestic, benefited from the Apple new machine orders, BOE (BOE) rapid growth in market share.
• LGD (LGD) AMOLED smartphone panel shipments of about 0.5 billion, down 10.0% year-on-year, market share of 7.5%, flat. LGD AMOLED panel customer structure is single and highly dependent on Apple cell phone orders, so its shipments fluctuate significantly with the Apple cell phone launch cycle.
• Visionox’s AMOLED smartphone panel shipment volume was about 0.4 billion, up 20.8% year-on-year, with a market share of 6.8%, up 1.8 percentage points year-on-year, ranking fourth globally and second domestically. Thanks to the stable order volume from our main customers, Visionox’s AMOLED production line has maintained a stable and high crop rate. (“Crop rate” is called activation or utilization, which refers to the proportion of time a device takes up to create value within the time it can provide.)

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In recent years, Mini LED as a very promising new era display technology, become an important development trend in the industry. November, BOE Technology Group Co. Through this subscription, it will realize the efficient integration of MLED business ecology.

The group standard follows this trend and provides for the terminology and definition, optical characteristics, mechanical properties, environmental adaptability, mean time to failure, and safety requirements for Mini-LED displays.

The development of this standard further standardizes the relevant standards of Mini-LED display technology, provides quality assurance for the corresponding products, and helps to promote the rapid application and development of Mini-LED displays in the market. In addition, the technical specifications are conducive to the unification of the industry’s upstream and downstream enterprise standards, to a certain extent, to promote the perfection of the Mini-LED industry chain.

In recent years, BOE (BOE) MLED continues to promote Mini LED technology upgrades. In September this year, BOE launched P0.9 glass-based Mini LED direct display, 75-inch and 86-inch 8K Mini LED, 34-inch glass-based Mini LED gaming display and other diversified high-end technology products in the MLED field, and took the lead in commercializing mass production of glass-based Mini LED products.

At the end of June this year, BOE said that it has achieved mass production of Mini LED backlight/direct display products and launched glass-based 75-inch 8K Mini LED, 34-inch glass-based Mini LED MNT, 0.9mm pixel pitch Mini LED display products, etc., which have been supplied to Skyworth, Konka, AOC and other downstream customers.

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