Samsung Electronics spent nearly 2 trillion won on Chinese LCD panels in the first half of the year
2023-09-05

According to South Korean media reports, Samsung Electronics paid a total of 1.9521 trillion won to Chinese companies in the first half of this year to buy LCD panels for TVS and displays. Most of these panels are produced by Chinese companies such as Huaxing Optronics, AU and BOE, which means that the LCD panels in Samsung's TVS and monitors are made in China. Samsung's LCD panel procurement cost in the first half of this year was 46.7 percent lower than the 3.6657 trillion won in the same period in 2022. However, taking into account the unit price of LCD panels fell by nearly half in the same period, as well as external factors such as the decline in demand for TV LCD, analysts said that the cost of buying panels in the first half of the year was similar to the cost of the same period in 2022, or even increased compared with 2022. In fact, the price of a 65-inch LCD panel was above $300 last August and is now in the low $100 range. Samsung Electronics' reliance on Chinese panel makers has increased, especially as Samsung Display was removed from the list of major LCD panel suppliers this year. In the past, Samsung Electronics bought about 30 percent of its LCD panels from Samsung Display, and the rest from CSOT, AUO and BOE.

Gestant Display Technology Co.,Ltd. could provide a series of LCD and OLED products, such as AMOLED ScreenPMOLED ScreenRound Display ScreenFlexible Display ScreenTFT LCDMono-LCD and Bar Display Screen. Customize PCBA/LCD/OLED/FPC/Backlight/Coverlens/TP solutions.

Gestant Display Technology Co.,LTD was founded in 2012 in Shenzhen China. Even, the founder of the company, has more than 15 years of rich experience in LCD display industry. He has been engaging in the basic research of LCD display technology in Japan since his graduate school and has been working in the flat panel display industry after graduation.

Proficient in the manufacturing process and technology development of LCD / OLED / polarizer, Even was also one of the members of China liquid crystal Association who has a senior industry background and supply chain resources. In the past three years, he assisted his shareholders in building factories, purchasing equipment,establishing production lines, and successfully obtaining ISO9001 and ISO14001 system certificates.

He has established good business relations with major panel manufacturers in China (BOE /Tianma / IVO /EDO / Visionox), and the glass supply is stable and sufficient.

Gestant Display's products are widely used in Smart wear,Smart home,Outdoor photography,IP phones, Medical care, Industrial control equipment, Automotive and Vehicle displays, Instrumentation, and other Information terminal applications which could offer long-term after-sale services(such as 2 years quality warranty, long-term supply) .