China will likely take the lead in the semiconductor display market internationally within the next three to five years, said Li Dongsheng, the chairman of Chinese consumer electronics titan TCL.
Li made the comments at the IFA, the world’s leading trade event for consumer electronics and home appliances, being held in Berlin, Germany, from Sept 6 to 11.
A traditional home appliance titan, TCL declared strategic changes in the firm. Its consumer electronics, residence appliance, and terminals companies will be split off from the listed firm, as the company diverts its focus to the semiconductor display sector.
Overseas business has become the most important driving force of the whole Li noted that over half of the display screens made by Shenzhen China Star Optoelectronics Technology (CSOT), a unit of TCL, have been sold abroad.
TCL has boosted its efforts in the R&D sector in Europe. It built a center in Poland, with a focus on artificial intelligence research, and drained resources into the next-gen semiconductor display technology including flexible displays, Li mentioned.
TCL Industrial Holdings CEO Wang Cheng mentioned the firm’s first 5G smartphone is being built and shall be introduced in the first half of 2020 in Europe. Its foldable handset is also anticipated to hit the market in 2020.
China is predicted to replace South Korea as the world’s largest flat-panel display producer in 2019, a report from the China Video Industry Association and the China Optics and Optoelectronics Makers Association said.