Samsung and BOE to discuss boosting LCD and OLED supply in upcoming meeting
Chen Yanshun, the chairman of BOE, will visit Samsung Electronics next week to have important discussions about supplying screens for Samsungβs TVs and smartphones. The main aim of his visit is to talk about how BOE can provide more LCDs for TVs and OLEDs for smartphones.
During the visit, Chen is expected to meet with top Samsung executives, including Yong Seok-woo, who heads Samsungβs TV business, and Noh Tae-moon, who oversees the mobile and TV divisions. A big topic will be getting BOE back into Samsungβs TV supply chain.
In the past, BOE used to supply Samsung with 10 million LCD TVs every year. But that number dropped to only 1 million last year due to issues between the companies.
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BOE specializes in making LCDs with IPS technology, which are known for better viewing angles. Samsung had previously relied on LG Display for these panels, but now buys many from CSOT, a Chinese company. BOE wants to reduce Samsungβs reliance on CSOT and increase its own share of the business.
Also, BOE hopes to supply more OLED screens for Samsungβs smartphones and smartwatches. Although OLED screens are a small part of BOEβs business, they are an important area for improving its relationship with Samsung.
The visit could also include discussions about the recent settlement of a patent dispute between BOE and Samsung Display. After the settlement, both companies are expected to sign agreements for using each otherβs technology. Stay tuned for more information.
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