Equation
Lieutenant General
To a certain extent. To me stake holder capitalism works like a large IRA, only for everyone and not just the workers or stake holders. I don't know too much about it to really give it some real evaluation.
Chinese Economics Thread
- Thread starter Norfolk
- Start date
Weird how Hong Kong is listed as one of the "top ten richest countries in the world" but Japan, the world's third largest economy, is left out. In fact they have every member of the G-7 except Japan.
Might be because there is very little growth of the Japanese economy since the late 90s. They used to have a higher GDP per capita than the U.S. but now there is a significant gulf, even as their population declined.
South Korea has been dethroned by China in panel production for the first time in 17 years as Chinese names expand fast in the OLED segment after dominating LCD under state grooming.
Korea accounted for 33 percent of global display sales in the first quarter, falling behind China’s 40 percent, Maeil Business Newspaper found upon a study into global market research firm Omdia’s reports.
Korea had kept to No. 1 in panel sales for the last 17 years.
It had been 11 percentage points ahead of China in the global display market by market share until 2019. China, however, managed to outrun Korea as prices of LCD panels, Chinese players’ mainstay panel products, have jumped sharply since last year when the pandemic drove up the demand for TVs, laptops, and other screen devices from social distancing practices.
Chinese display makers are also rapidly expanding their presence in the premium panel OLED market. According to Omdia, China’s share in the small- and medium-sized OLED panel market is projected to reach 15 percent this year and 27 percent next year. Chinese players accounted for a mere 5 percent of the segment in 2018. Meanwhile, Korea’s Samsung Display is expected to see its share in the smartphone OLED panel market fall to 60 percent next year from current 80 percent, projected Seoul-based UBI Research.
A bit of cope rant from the Koreans here ( acting as if their chaebol led business is all fair play) -
China’s top 4 display firms – BOE, CSOT, Visionox, Tianma Microelectronics – collected 5.5 trillion won in government subsidies from 2012 to 2020, a quarter of what Korean display makers earned during the same period.
“Without subsidy, Chinese companies cannot keep up business,” observed DB Financial Investment.
In addition to massive subsidies, the Chinese government provides free infrastructure such as land, building, industrial water, and electricity. Display makers in China are imposed only 13 percent of corporate tax compared with the normal tax of 25 percent, and zero duty is granted on imports of display-making equipment and materials. Thanks to such benefits, Chinese display makers’ production costs stand only 71 percent of Korean firms’.
Displays today, semiconductors tomorrow.
AssassinsMace
Lieutenant General
I believe BOE, Hisense, TCL, Huawei and specialized companies like Solomon Systech and Unisoc all make display driver ICs.
Also lots of transferrable tech in deposition and etch.
BOE uses inkjet by American company called Kateeva. Not properly independent. Display driver design project was reported to be started by Huawei.
Although that's the case for OLEDs. Don't know for LCDs.
Inkjet has nothing to do with their display driver or their non-OLED businesses such as microLED or LCD..
Samsung doesn't use Korean deposition technology either.
Wasn't talking about the display driver.
I'm interested in how independent these companies are really. Don't care about Samsung.