BOE to set up new plant to manufacture OLED panels for Apple

The supplier company will establish a plant in Vietnam for the production of OLED panels.

BOE OLED displays.

BOE is currently in talks to buy dozens of acres of land in the north of the country. Vietnamese. Some hectares to be used for construction Facilities dedicated to the production of OLED panels for Apple.

It is estimated that the new BOE factory will be established. It will be built around 2025. and the company’s economic investment will be monstrous. The 100-hectare land will cost BOE a total of $400 million, according to VNExpress, while the OLED panel manufacturing facilities will be part of a $250 million investment.

BOE will be the main provider of OLED displays

BOE’s plan largest OLED panel manufacturer around the world, even above Samsung Display. Something that could become a reality very soon.

According to Ming-Chi Kuo, BOE will almost completely manufacture the screens of the iPhone 15 and iPhone 15 Plus, and by 2024, the company will Market leader in OLED displays.

“BOE has surpassed Samsung and received the largest display order for the new 2023 iPhone 15 and iPhone 15 Plus. If development and production proceeds smoothly over the next few months, BOE will be the largest supplier for the iPhone 15 and iPhone 15 Plus. Market share is 70 percent”

Apple wants it for its own sake reduce its high reliance on large companies in the supply chain Like Foxconn, Qualcomm or even Samsung. So much so that they even plan to build their own Wi-Fi, Bluetooth, and 5G modem chips to avoid millions of dollars in supply chain payments and cut production costs.

It is also said that Apple has launched a new campaign. Switching to OLED displays This transition may be closely related to the construction of new BOE facilities in Vietnam, but it is too early to state such a fact.

On the other hand, sources close to the Apple supply chain hint that the company with the bitten apple logo may make plans. Design and manufacture your own custom displays from 2024. It’s a very smart move that will greatly facilitate market opportunities for Apple, but at the cost of a huge financial investment.

Source: i Padizate

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