Key Takeaways
- Samsung Display president Chung Yi expressed confidence in foldable panel capabilities.
- He warned that China is aggressively expanding its presence in the market.
- Chung Yi called for a united front among industry, government, academia, and research to defend OLED advantage.
Samsung Display (SDC) president and Korea Display Industry Association (KDIA) chairman Chung Yi has declared the company's leadership in foldable panel technology, while cautioning against the aggressive expansion of Chinese competitors.
In a statement, Chung Yi highlighted SDC's advancements in foldable display technology, emphasizing the company's commitment to maintaining its market position.
However, he also warned that rival nations, particularly China, are leveraging their experience in liquid crystal display (LCD) technology to gain an edge in organic light-emitting diode (OLED) development.
Chung Yi urged South Korea to unite industry, government, academia, and research sectors to prevent a repeat of the market leadership loss experienced in the LCD industry.
The president's remarks come as SDC faces increasing competition from Chinese companies, which are rapidly expanding their presence in the foldable panel market.
Chung Yi's call for a collaborative approach reflects the growing concern among Korean display industry leaders about the potential erosion of their competitive edge.
The warning underscores the strategic importance of OLED technology, which is crucial for the future of mobile and wearable devices.
Industry experts predict that the foldable panel market will continue to grow, with significant investments expected from both domestic and international players.
