Samsung Electronics and LG Electronics currently lead the world in the manufacture and export of flat panel displays and television sets. As outlined by the Korea Times today, China looms large for these two companies and for the other major manufacturers of flat panel displays. After 2012, China is expected to become the world's largest market for displays, outpacing the United States and Europe. LCD panels are used for everything from mobile phones, to computer displays to television sets.
Samsung is reportedly pursuing a "dual strategy" in the display business, by producing panels that require cutting edge technology in Korea, for export to the U.S. and Europe, while producing other panels in China. LG Electronics, by contrast, is concentrating on gaining the "first mover" advantage in China by setting up partnerships in that country. All of the world's biggest LCD panel manufacturers are in Asia, primarily in Japan, Korea and Taiwan. The number of LCD TVs sold in China is expected to jump 76 percent to reach 23.6 million this year, according to Austin, Texas-based DisplaySearch. With Samsung and LG Display, Taiwan's Chi Mei, Japan's Sharp and China's BOE Technology are set to build advanced eighth-generation plants on the mainland.