Chinese Manufacturers Will Dominate Flat Panel Display Manufacturing [Forbes]
LG Display Co, Ltd AMERICAN DEPOSITORY SHARES (LPL)
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Source: Forbes
© 2024 Bloomberg Finance LP The agreement by LG Display to sell its stake in its Guangzhou, China factory to TCL China Star Optoelectronics Technology (TCL CSOT) marks a new phase in the rapidly growing domination of the global electronic flat panel display industry by Chinese manufacturers. LG first had to acquire a 10% stake held by Chinese TV maker Skyworth before it could sell 80% to TCL CSOT. The Guangzhou government continues to hold its 20% stake. With this transaction, Chinese manufacturers' market share of the LCD panels used in TVs will increase from 66% to 72%, with nearly 100% share in ultra-large 90 – 115 inch screens. If you were worried about geographic supply concentration, the electronic display industry is heading towards a Chinese monopoly. The U.S. has zero domestic manufacturing capacity. Flat panel displays are ubiquitous. They are in TVs, computers, tablets, smartphones, video games, signboards, airplane flight decks, and countless other areas. A major grow
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LPL
Sec Filings
- 11/14/24 - Form 6-K
- 10/23/24 - Form 6-K
- 10/23/24 - Form 6-K
- LPL's page on the SEC website