BOE Technology

{{About|the Chinese electronic components producer||BOE (disambiguation)}}

{{Infobox company

| name = BOE Technology Group

| former_name = Beijing Oriental Electronics Group (1993–2001)

| logo = Boe Technology Group logo.svg

| logo_size = 200

| image = BOE Technology headquarters (20221017164028).jpg

| image_size =

| image_caption = Headquarters

| native_name = 京东方科技集团股份有限公司

| type = Public

| traded_as = {{ubl|{{SZSE|000725}} (A share)|{{SZSE|200725}} (B share)|CSI A50}}

| industry = {{plainlist|

| foundation = {{start date and age|1993|04||df=y}}

| founder = Wang Dongsheng

| location_city = Beijing

| area_served = Worldwide

| key_people = {{Unbulleted list|Chen Yanshun (Chairman)|Gao Wenbao (President)}}

| products = {{plainlist|

LCDs
OLEDs
Flexible displays
MicroLEDs
Fingerprint sensors
Optoelectronic sensors
Solar panels}}

| market cap =

| revenue =

| operating_income = {{Decrease}} {{CNY|link=yes|174.54 billion}} (2023)

| net_income = {{Increase}} {{CNY|link=yes|369.87 million}} (2023)

| assets = {{Decrease}} {{CNY|link=yes|419.19 billion}} (2023)

| equity = {{Decrease}} {{CNY|link=yes|197.80 billion}} (2023)

| owner =

| num_employees = 90,563 (2023)

| subsid = SES-imagotag
Varitronix

| location_country = China

| homepage = {{Official URL}}

| footnotes = {{cite web |title=2023 Annual Report |url=https://convergencemedia.boe.com.cn/PDF/8nExP3qTgD4kTFQB2GNqLcIRhPFJ5g/ANNUAL%20REPORT%202023.PDF |website=BOE}}

}}

{{infobox Chinese

| s = 京东方科技集团股份有限公司

| t = 京東方科技集團股份有限公司

| p = Jīngdōngfāng Kējì Jítuán Gǔfèn Yǒuxiàn Gōngsī

| order = st

}}

BOE Technology Group Co., Ltd., or Jingdongfang ({{zh|s=京东方科技集团股份有限公司}}), is a Chinese electronic components producer founded in April 1993. Its core businesses are interface devices, smart IoT systems and smart medicine and engineering integration.{{cite web|url=https://www.boe.com/en/about/gsjs/|title=Company Profile|publisher=BOE|access-date=2019-08-16|archive-date=2020-10-24|archive-url=https://web.archive.org/web/20201024223146/https://www.boe.com/en/about/gsjs/|url-status=dead}} BOE is one of the world's largest manufacturers of LCD, OLEDs and flexible displays.{{cite web|url=https://technology.ihs.com/589263/boe-takes-first-spot-in-large-display-unit-shipment-ihs-markit-says|title=BOE Takes First Spot in Large Display Unit Shipment, IHS Markit Says |website=IHS Technology |access-date=2019-08-19}}{{cite web|url=https://www.digitimes.com/news/a20190605PR202.html|title=BOE to unseat LGD as top FPD supplier in 2019, says IHS|website=DIGITIMES|date=5 June 2019 |access-date=2019-08-19}}

History

The company's predecessor was a state-owned enterprise, Beijing Electron Tube Factory.{{Rp|page=127}} In April 1993, Beijing Oriental Electronics Group Co., Ltd was founded by Wang Dongsheng. In 1997, it listed B shares on the Shenzhen Stock Exchange. In 2001, Beijing Oriental Electronics was renamed BOE Technology Group Co., Ltd. BOE acquired SK Hynix's STN-LCD and OLED businesses for US$22.5 million.{{cite web|url=https://digitimes.com/news/a2002011605028.html|title=Beijing Orient Electronics shareholders approve Hynix STN LCD production line acquisition|website=DIGITIMES|date=16 January 2002 |language=en|access-date=2019-08-17}} Issued additional A shares in Shenzhen Stock Exchange. In 2003, BOE acquired SK Hynix's Hydis flat-panel display businesses for US$380 million.{{cite news|url=https://www.wsj.com/articles/SB1043303144904699064|title=BOE Technology Completes Buy of Hynix Flat-Panel Unit|last=Newswires|first=Yun-Hee KimDow Jones|date=2003-01-23|work=Wall Street Journal|access-date=2019-08-17|language=en-US|issn=0099-9660}}

BOE built China's second 5th generation LCD production line in Beijing's Yizhuang Special Development Zone.{{Rp|pages=127–128}} The production line was technologically advanced for the time and costly.{{Rp|page=128}} China Development Bank and the Beijing city government assembled a group of nine banks to loan BOE US$740 million.{{Rp|page=128}} The Beijing City government provided a further loan of 280 RMB, which it converted to shares of the company and sold for a substantial profit.{{Rp|page=128}}

In 2008, Hefei's local government spent US$3.5 billion for a controlling ownership stake in BOE.{{Cite book |last1=Marquis |first1=Christopher |author-link=Christopher Marquis |url= |title=Mao and Markets: The Communist Roots of Chinese Enterprise |last2=Qiao |first2=Kunyuan |date=2022 |publisher=Yale University Press |isbn=978-0-300-26883-6 |location=New Haven |doi=10.2307/j.ctv3006z6k |jstor=j.ctv3006z6k |oclc=1348572572 |s2cid=253067190}}{{Rp|page=185}}

In 2009, BOE Energy Technology Co., Ltd was founded to enter the photovoltaics industry. In 2010, BOE acquired Suzhou Gaochuang Electronics' Taipei Display Research Center and AIO Manufacturing Plant. BOE also acquired K-Tronics for an undisclosed amount.{{citation needed|date=August 2021}}

In 2011, BOE established a Japan branch and R&D center in Tokyo. In 2012, BOE established an American branch and R&D center in Santa Clara in Silicon Valley, California. In 2014, BOE established a subsidiary in Frankfurt, Germany. In 2015, BOE acquired OASIS International Hospital.{{cite web|url=https://www.yicaiglobal.com/news/chinese-electrical-appliance-firms-branch-out-into-medical-business|title=Chinese Electrical Appliance Firms Branch Out Into Medical Business|website=Yicai Global|access-date=2019-08-17}}

In 2016, BOE acquired automotive displays maker Varitronix for RMB60.1 million.{{cite web|url=https://www.electronicspecifier.com/around-the-industry/varitronix-becomes-a-subsidiary-of-boe|title=Varitronix becomes a subsidiary of BOE|website=www.electronicspecifier.com|access-date=2019-08-17}}{{cite news|url=https://www.reuters.com/article/brief-varitronix-international-entered-i-idUSFWN1G508K|title=BRIEF-Varitronix International entered into acquisition agreement|date=2017-02-20|work=Reuters|access-date=2019-08-17|language=en}} It set up a subsidiary in New Delhi, India.

In 2017, BOE established its Middle East Branch in Dubai and set up a subsidiary based in São Paulo, Brazil. BOE also announced its plan to build a hospital in Chengdu which will be opened in late 2020. BOE announced a long-term agreement with Universal Display Corporation, UDC will supply phosphorescent OLED materials to BOE.{{cite web|url=https://www.businesswire.com/news/home/20171207005390/en/BOE-Technology-Group-Universal-Display-Corporation-Enter|title=Business Wire|website=www.businesswire.com|date=7 December 2017 |access-date=2019-08-17}} According to IHS Markit, BOE became shipped the most displays larger-than-9-inch for tablets, notebook PCs and monitors. However LG Display still lead in terms of area shipment.

In 2018, BOE acquired SES-imagotag for €200 million.{{cite web|url=https://www.ses-imagotag.com/en/acquisition-of-boe-technology/|title=Completion of the acquisition of a majority stake by BOE Technology Group along with the management of SES-imagotag|date=2017-12-21|website=SES-imagotag|language=en-US|access-date=2019-08-17}} BOE formed a joint venture with Kopin Corporation and Olightek for OLED micro-displays manufacturing.{{cite web|url=https://www.pressviewer.com/profiles/investor/NewsPrint.asp?v=6&b=2379&ID=90105&m=rl&g=1207|title=Kopin Enters Into Partnership Agreements to Meet the Coming Demand for OLED Micro-Displays for Virtual Reality and Augmented Reality|website=www.pressviewer.com|access-date=2019-08-17}} BOE established subsidiares in Jakarta, Indonesia and Johannesburg, South Africa. According to Sigmaintell Consulting, BOE overtook LG Display as the world's largest LCD TV and monitor producer with 54.3 million TV panels and 37.3 million monitor panels shipped.{{cite web|url=https://www.digitimes.com/news/a20190213PD200.html|title=BOE unseats LG Display to become largest LCD TV, monitor panel supplier|website=DIGITIMES|date=13 February 2019 |language=en|access-date=2019-08-17}} The Huawei Mate 20 Pro is the first flagship tier smartphone with an AMOLED sourced from BOE (also sourced from LG Display).{{cite web|url=https://www.anandtech.com/show/13503/the-mate-20-mate-20-pro-review|title=The Mate 20 & Mate 20 Pro Review: Kirin 980 Powering Two Contrasting Devices|last=Frumusanu|first=Andrei|website=www.anandtech.com|access-date=2019-08-17}}

In 2019, BOE formed a joint venture with Rohinni for MicroLED and mini LED backlighting manufacturing.{{cite web|url=http://www.rohinni.com/blog/2019/1/9/boe-and-rohinni-forming-joint-venture-to-bring-promise-of-microled-to-lcd-displays|archive-url=https://web.archive.org/web/20190127050036/http://www.rohinni.com/blog/2019/1/9/boe-and-rohinni-forming-joint-venture-to-bring-promise-of-microled-to-lcd-displays|url-status=usurped|archive-date=January 27, 2019|title=BOE AND ROHINNI FORMING JOINT VENTURE|website=Rohinni|language=en-US|access-date=2019-08-17}} Hisense announced its U9E TVs featuring dual LCD panels which Hisense said exceeds OLED TVs in brightness, color gamut and color accuracy. Its panels are produced by BOE.{{cite web|url=https://www.displaydaily.com/article/press-releases/ude-shanghai-highlights-hisense-dual-cell-tv-u9e|title=UDE Shanghai Highlights Hisense Dual Cell TV U9E|last=Alekseenko|first=Artem|date=2019-07-17|website=DisplayDaily|language=en-gb|access-date=2019-08-19}} The Huawei Mate X scheduled for release in Q4 2019 reportly has a foldable OLED from BOE.{{cite web|url=https://arstechnica.com/gadgets/2019/02/move-over-samsung-huaweis-foldable-smartphone-is-an-absolute-stunner/|title=Move over Samsung, Huawei's foldable smartphone is an absolute stunner|last=Amadeo|first=Ron|date=2019-02-24|website=Ars Technica|language=en-us|access-date=2019-08-17}} According to IHS Markets, BOE had the second highest marketshare of the smartphone OLED panel market at 5.9%, only behind Samsung Displays.{{cite web|url=http://www.businesskorea.co.kr/news/articleView.html?idxno=34548|title=Japan's Sharp to Withdraw from Smartphone OLED Panel Business|date=2019-08-02|website=비즈니스코리아 - BusinessKorea|language=ko|access-date=2019-08-16}} BOE will also surpass LG Display as the world's largest flat-panel display producer. And BOE has partnered with Huawei to research cameras under OLEDs.{{cite web|url=http://www.instantflashnews.com/en/2019/08/05/08-05-apples-2021-iphones-will-allegedly-come-with-face-id-and-on-screen-fingerprint-sensors-huawei-is-allegedly-busy-testing-its-smartphone-armed-with-self-developed-hongmeng-os-etc/|title=08-05: Apple's 2021 iPhones will allegedly come with Face ID and on-screen fingerprint sensors; Huawei is allegedly busy testing its smartphone armed with self-developed HongMeng OS; etc.|date=2019-08-05|website=IF / News|language=en-US|access-date=2019-08-17}} BOE is reportedly in talks to replace LG Display and Tianma as OLED supplier for LG Electronics smartphones in 2020.{{cite web|url=https://www.gizmochina.com/2019/07/05/lg-turns-to-chinas-boe-for-smartphone-oled-displays-as-it-falls-behind-samsung/|title=LG turns to China's BOE for smartphone OLED displays as it falls behind Samsung|first=Jed John|last=Ikoba|date=July 5, 2019}}{{cite web|url=http://en.thelec.kr/news/articleView.html?idxno=395|title=LGE may switch to China's BOE for next smartphones|date=2019-07-03|website=THE ELEC, Korea Electronics Industry Media|language=ko|access-date=2019-08-19}} BOE also became an OLED supplier for Apple beginning in 2021 for the iPhone.{{cite news|url=https://www.wsj.com/articles/china-targets-apple-with-push-into-advanced-smartphone-screens-1532260804|title=China Targets Apple With Push Into Advanced Smartphone Screens|last=Kubota|first=Yoko|newspaper=Wall Street Journal|date=22 July 2018|access-date=2019-08-19}}{{cite web |title=Apple taps China's BOE for premium displays for iPhone 13 |url=https://asia.nikkei.com/Business/China-tech/Apple-taps-China-s-BOE-for-premium-displays-for-iPhone-13 |website=Nikkei Asia}}

On February 1, 2022, the company announced they had developed the world's fastest gaming monitor with a 500 Hz refresh rate. The prototype 27-inch monitor has a resolution of 1080p.{{cite news |last=Dudeja |first=Siddharth |url=https://fossbytes.com/boe-fastest-500hz-gaming-monitor/ |title=This 500Hz Monitor Is The World's Highest Refresh Rate Display |work=Fossbytes |date=2022-02-01 |accessdate=2022-02-01 }} In 2023, the company was reportedly predicted to become the largest supplier of OLED display panels for the Apple iPhone 15 series according to Ming-Chi Kuo, a Taiwanese Apple analyst at TF International Security.{{Cite web |date=2023-01-06 |title=Apple Analyst Says BOE Will Become Largest Display Supplier for iPhone 15 |url=http://www.businesskorea.co.kr/news/articleView.html?idxno=107333 |access-date=2023-01-07 |website=Businesskorea |language=ko}}

Competitive position

In the 2020s, China became the largest manufacturer of LCDs and Chinese firms had a 40% share of the global market.{{Cite book |last=Lan |first=Xiaohuan |title=How China Works: An Introduction to China's State-led Economic Development |publisher=Palgrave Macmillan |year=2024 |isbn=978-981-97-0079-0 |translator-last=Topp |translator-first=Gary |doi=10.1007/978-981-97-0080-6}}{{Rp|page=126}} BOE is among the leading Chinese firms during this period.{{Rp|page=126}} Local governments had a significant role in this growth, including as a result of their investments in LCD manufacturers via state-owned investment companies.{{Rp|page=126}} As of the third quarter of 2020, BOE's six largest investors were state-owned companies from Beijing, Chongqing, and Hefei, which together owned a combined 23.8% share of BOE.{{Rp|page=126}}

In 2023, the World Intellectual Property Organization (WIPO)’s Annual PCT Review ranked BOE Technology's number of patent applications published under the PCT System as 5th in the world, with 2,152 patent applications being published during 2023.{{Cite web |title=PCT Yearly Review 2024 |url=https://www.wipo.int/edocs/pubdocs/en/wipo-pub-901-2024-en-patent-cooperation-treaty-yearly-review-2024.pdf |page=39}}

BOE Technology is one of the world's leading manufacturers of semiconductor products for telecommunications.{{Rp|page=185}} It is also the world's largest manufacturer of liquid crystal displays, organic light-emitting diodes, and flexible displays, as of at least 2023.{{Cite book |last=Hu |first=Richard |title=Reinventing the Chinese City |date=2023 |publisher=Columbia University Press |isbn=978-0-231-21101-7 |location=New York}}{{Rp|page=128}}

Operations

File:Beijing BOE Display Technology Co Ltd (20240925132250).jpg

BOE has manufacturing facilities located in Beijing, Hefei, Chengdu, Chongqing, Fuzhou, Mianyang, Wuhan, Kunming, Suzhou, Ordos and Gu'an. BOE has global marketing and R&D centers in 19 countries, such as Japan, South Korea, Singapore, the United States, Germany, the United Kingdom, France, Switzerland, India, Russia, Brazil and Dubai.

In Hefei, BOE has three production lines as of at least 2024.{{Rp|page=141}} These production lines have helped the city attract further business in the electronics supply chain and have contributed to the city becoming one of China's main centers in the optoelectronic display industry.{{Rp|page=141}}

class="wikitable"

|+BOE fabrication plants{{cite web|url=https://ihsmarkit.com/research-analysis/boe-will-have-the-largest-capacity.html|title=China's BOE to have world's largest TFT-LCD+AMOLED capacity in 2019|date=2017-03-22|website=ihsmarkit.com|access-date=2019-08-16}}

!Code

!Gen

!Location

!Technology

!Current status

!Ramp-up year

|Beijing

|a-Si

|Mass production

|2005

|Chengdu

|a-Si