In this regard, an insider of BOE (000725.sz) told China Business News that it is "possible", but neither LGD nor BOE officials have officially responded to the matter. Tcl Technology (000100.sz), the parent company of Tcl Huaxing, stated that major matters shall be subject to the company's external announcements.
During ces 2024 in January this year, the person in charge of LGD said that it would accelerate the transformation to the OLED business. When talking about the sale of the Guangzhou 8.5-generation LCD panel factory, the person in charge said that because LGD urgently needs a large amount of funds to support various investment matters and improve its financial situation, the company is currently discussing various possibilities.
lgd Guangzhou 8.5 generation LCD panel factory is LGD's first overseas panel factory, with a total project investment of approximately US$4 billion. There is currently overcapacity in global LCD TV panel production, and prices were under pressure at the end of last year.
BOE is the world's largest LCD panel manufacturer. Color TV manufacturers such as Samsung diversified their LCD TV (television) panel purchases last year, reducing their dependence on leading panel manufacturers. The overall share of the three major LCD panel manufacturers in mainland China, BOE, TCL CSOT and Huike, in the global LCD TV panel market has dropped from 70% to 60%. Since Samsung has a stake in TCL CSOT, its panel procurement diversification strategy has a relatively greater impact on BOE. Some analysts believe that BOE's restart of acquisitions is a countermeasure to the decentralized panel procurement strategy of color TV factories.
Zhang Hong, research director of sigmaintell TV division, told reporters that Boe is more likely to take over LGD's Guangzhou 8.5-generation LCD panel line. The two parties have negotiated mergers and acquisitions many times, and Boe has also gone to the Guangzhou factory for factory audits. , to actually advance the merger and acquisition work. Clearer results are expected in the second quarter of this year. After the merger is completed, the supply concentration of the global LCD TV panel industry will further increase, the LCD TV panel supply side will be more controllable, and the voice of the leading panel manufacturers will be enhanced. An analyst at
who did not want to be named believes that this acquisition is the same as BOE’s previous acquisition of CEC Panda Nanjing’s 8.5-generation line. There are many variables. Other panel manufacturers will not sit idly by and some manufacturers have investments in Guangzhou.
"The probability of BOE is higher. It was first contacted in December last year and later, but there is no accurate information yet." Rong Chaoping, research director of AVC Revo, said.
Whether BOE or TCL Huaxing takes over the LGD Guangzhou 8.5 generation LCD panel factory, Xu Zheng, a professor at Beijing Jiaotong University, believes that it will have little impact on the competitive landscape of the global LCD panel industry. The overall trend is that the market share of mainland China panel manufacturers is increasing. , Korean panel factories continue to withdraw from the field of LCD panels.
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