Leading Panel Manufacturers Invest in New Production Facilities in Vietnam and India
Recently, panel manufacturers such as AU Optronics (AUO), Innolux, and HannStar Display have announced their plans to expand their production capacity in response to increasing demand for display panels. This is due to the growth in the global market for electronic devices such as smartphones, tablets, laptops, and TVs, which has led to an increase in demand for high-quality display panels.
AUO, a leading global supplier of display panels, has announced its plan to invest NT$100 billion (approximately $3.6 billion) over the next three years to expand its production capacity. The company will build new production facilities in Taiwan and China, and upgrade its existing facilities to support the production of advanced display panels, such as OLED and Mini LED.
Innolux, another major panel manufacturer, has announced its plan to invest NT$30 billion (approximately $1 billion) over the next three years to expand its production capacity. The company will build new production facilities in Taiwan and China, and upgrade its existing facilities to support the production of advanced display panels, such as Mini LED and Micro LED.
HannStar Display, a smaller panel manufacturer, has announced its plan to invest NT$10 billion (approximately $360 million) over the next three years to expand its production capacity. The company will build new production facilities in Taiwan and China, and upgrade its existing facilities to support the production of advanced display panels, such as OLED and Mini LED.
The expansion plans of these panel manufacturers are expected to help meet the growing demand for high-quality display panels in the global market, particularly in the Asia-Pacific region, where the demand for electronic devices is expected to grow significantly in the coming years. This is good news for electronic components distributors, as it means they will have a reliable supply of high-quality display panels to meet the needs of their customers.
