Leap from 0 to 1, Chairman of BOE: China has become the largest opportunity place for the global display industry

According to reports on June 20, Chen Yanshun, chairman of BOE Group, spoke highly of the booming development of China’s display industry in a recent interview. He said, The rapid rise of China's display industry has not only injected new vitality and power into the global industry, but has also become a key engine and the biggest opportunity for the development of the global display industry.

As the chairman of the LCD branch of China Optics and Optoelectronics Industry Association, Chen Yanshun is full of confidence in the future of the display industry. He pointed out that China’s semiconductor display industry has achieved breakthroughs from scratch in the past 30 years, ranking first in the world in terms of market size and shipments. According to the editor’s understanding, China accounts for as much as 55% of global display panel operating revenue, and its shipment area accounts for nearly 73% of the market share, which fully demonstrates China’s dominant position in the global display industry.

Chen Yanshun emphasized that technological innovation is the key to promoting the sustainable development of the industry. As a leading company in the industry, BOE has always regarded technological innovation as the core driving force for corporate development. The company invests 7% of its operating income in research and development every year, of which 1.5% is dedicated to basic and cutting-edge technology research to ensure that the company's products have leading technological advantages in the global market. In addition, BOE is also committed to achieving a global launch rate of no less than 40% of its products, which fully reflects the company's determination and strength in technological innovation.

With the rapid development of IoT technology, China's display industry is moving towards the "Internet of Screens" and strives to create a new industrial ecosystem. Chen Yanshun said that China's display industry has the confidence, determination and ability to achieve technological leadership through technological innovation in the future and make greater contributions to the development of the global semiconductor display industry. At the same time, he also called on Chinese companies to actively expand overseas markets, welcome overseas partners to integrate into the Chinese market, and jointly promote the prosperity and development of the global semiconductor display industry.

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