May 09, 2024

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[THE INVESTOR] LG Display’s share of the market for large display panels fell to the No. 2 spot for the first time since 2009, data showed on Nov. 27.

According to the data compiled by industry tracker IHS Markit, China‘s BOE Technology Group took up 21.7 percent of the market for display panels sized 9 inches or larger used in televisions, laptops and tablet PCs over the third quarter.

The figure is a little above that of LG Display, which managed to secure 19.3 percent of the market over the cited period. It is the first time LG Display has lost its throne in the sector since the fourth quarter of 2009.

In the second quarter of 2017, LG Display and BOE locked horns by posting 20.7 percent and 20 percent, respectively.

Other major players for the third quarter included Taiwan’s Innolux Corp., AU Optronics and Korea‘s Samsung Display, which posted 16.1 percent, 15.8 percent, and 8.9 percent, respectively.

By Alex Lee and newswires (alexlee@heralcorp.com)