In the second quarter of this year, the shipment of flexible OLED by Chinese companies is expected to exceed 50%, surpassing South Korea for the first time.
According to statistics, Samsung display flexible OLED shipments are expected to decrease from 46.5 million pieces in the same period last year to 38.9 million pieces, and the market share is expected to decline from 59.5% to 41.2%. So far, Samsung's share of the flexible OLED market has fallen below 50% for three consecutive quarters.
BOE, Visionox, Tianma, TCL, Huaxing and other Chinese panel manufacturers OLED share growth is growing rapidly. Among them, BOE's shipments of flexible OLEDs for smartphones reached 24.1 million pieces, a year-on-year increase of 66.2%, accounting for 25.5% of the world; Tianma smartphone flexible OLED shipments reached 8.9 million pieces, a year-on-year increase of 305%, accounting for 9.4% of the global total; TCL Huaxing smartphone flexible OLED shipments were 7.4 million pieces, a year-on-year increase of 139%, accounting for 7.8% of the global share; Visionox's smartphone flexible OLED shipments were 7.1 million units, up 69% year-on-year, accounting for 7.5% of the global share.
In the second quarter of this year, the market share of flexible OLED by Chinese companies is expected to exceed 50%, which is the first time that Chinese companies have surpassed South Korean companies in the number of small and medium-sized OLED panels.
In the past, South Korea's Samsung, Hyundai and other companies could rise in China with high profits, and South Korea has always been in surplus with China.
With the rise of BOE and Huaxing Optoelectronics, the LCD panel market is basically occupied by Chinese manufacturers, South Korea's Samsung and LG panel industry can only transform and upgrade OLED, with Chinese companies investing in OLED panels, Samsung is also chased by Chinese companies on OLED panels.
Coincidentally, South Korea's shipbuilding industry has been losing money in competition with China, and Hyundai's shipbuilding business has gone bankrupt.
In terms of automobiles, Hyundai's sales in China have been minimal, and they have been completely defeated by Chinese car companies represented by BYD.
In electronic products, Samsung mobile phones have withdrawn from the Chinese market, Samsung can only rely on selling NAND, DRAM and other components to earn profits, with the rise of local enterprises such as Yangtze River Storage, the business of selling components to make money is afraid that it will not be long...
With the overall collapse of South Korean enterprises in industrial competition, South Korea's trade deficit is increasing year by year.
It can be said that the collapse of Korean companies in the Chinese market will inevitably make South Korea no longer attach as much importance to diplomatic relations with China as in the past, and at the same time, Korean companies have a lot of dependence on the US market, and also rely on American and Japanese technology.
Due to the skyrocketing energy prices and the avalanche of South Korean companies in the Chinese market, South Korea's deficit in 2022 will directly lead to a deficit of more than 47 billion US dollars, which is undoubtedly worse for the resource-poor South Korea.
Due to the relationship between China and South Korea, South Korea will become more and more pro-American in foreign policy in the future, and will be consistent with the United States and Japan in military and diplomatic aspects.
Tieliu predicts that South Korea's future fate is similar to Samsung and SK Hynix in this incident, which will become a bargaining chip for the United States and a victim of the Sino-US game.
At present, the world economy is sluggish, and it is especially difficult for pseudo-developed countries such as South Korea, which have no resources and whose manufacturing industry is squeezed and eroded by China.