China has become a global hub of LCD display manufacturing as domestic firms will start mass production of liquid crystal panels and overseas giants set up facilities in the country, a research firm said yesterday.
The production of large-size LCD panels in China is estimated to reach a capacity of 232.3 million square meters this year, a 7.3 percent increase over 2014, according to Taiwan-based TrendForce.
"Backed by the huge internal demand, China-based TV brand vendors have secured their dominance over the domestic market and setting their sights abroad," said Boyce Fan, senior research manager for TrendForce.
Major Chinese panel manufacturers BOE Technology Group, China Star Optoelectronics Technology and Nanjing CEC-Panda LCD Technology Co have begun mass production in their latest plants at the start of second quarter.
