Reports suggest Chinese OLED makers are slowing down their capacity expansion plans as fab utilization is low

Reports from Korea suggest that China-based OLED makers have seen lower utilization rates, as demand for OLED displays is smaller than expected, which is leading the companies to slow down their capacity expansion plans.

The capacity of all China-based OLED makers have risen from 20% of the global OLED market in 2019, to around 40% in 2022. But growth ahead will be slower, and by 2027, the market share of China-based makers will reach 45% of the global market. This data is from DSCC.