Wed, Sep 18, 2013 - Page 14 News List

Chinese flatscreen firms on the rise

Reuters, SEOUL

“The Chinese have done very well so far this year and their momentum is likely to continue at least for another year or so, as they have spotted the potential of this niche market well ahead of bigger rivals,” said Nam Dae-jong, an analyst at Hana Daetoo Investment & Securities.

“They’ve got also strong captive customers: Chinese TV manufacturers and a booming China market. It will take quite a while for Samsung and LG, which made a strategic mistake by ignoring the potential of UHD, to overtake them,” Nam said.

Jolted by the reality of the growing UHD market, Samsung Electronics unveiled a 110-inch UHD TV in January. Interestingly, the UHD displays were not made by Samsung Display, but were produced by AU Optronics.

“Even with some expansion of the Chinese panel suppliers, we do expect Samsung and LG Display to stay dominant and continue production in LCD,” IHS director Sweta Dash said.

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