SAN JOSE, Calif., May 13, 2022 / PRNewswire / – On May 11SID Display Week 2022, a premier event in the display industry, opened in San Jose, the United States. This coincides with the celebration of the 60th anniversary of the Society for Information Display (SID). From the eminent entrepreneur and industry expert, Dr. Gao Wenbao, President of BOE, was invited to deliver opening remarks at the celebration. In his keynote speech, Gao shared his insights into the status quo and development trends of the global display industry and put resonance with the attendees.
Gao is the only Chinese semiconductor display entrepreneur that has been invited to address the celebration. SID has been established in 1962, SID has served the commercialization of frontier display technologies, becoming the most prestigious gathering in the display industry . Established in 1993, BOE has emerged as a global leader in the semiconductor display industry. During its epic journey, BOE has spearheaded the development of China’s display industry, which is now an integral part of the global display sector. Since 2014, BOE has forged close ties with SID. In the future, BOE will continue to work alongside SID to promote the sound and sustainable development of the display industry.
Due to the changes in the global political and economic landscapes and the impact of the COVID-19 pandemic, the display industry has faced such challenges as the relationship between supply and demand and panel price fluctuations. Meanwhile, resource integration and structural optimization are taking a place in the industry at a faster pace. As it becomes more concentrated, the industry is set to stay on a steady track. In the face of the challenges and opportunities, Gao brought forward three innovative concepts essential to the sound development of the display industry.
Unleashing the vitality of industrial development through technological innovation. Innovation is the driving force of industrial development, and technological innovation is the bedrock of enterprises’ development. Technological innovation should revolve around the market and customer demands, and it is the most fundamental way to offset the impact of cyclical fluctuations and prompt the healthy development of the industry. Over the years, BOE has been dedicated to innovation. In 2021, it invested over RMB10 billion in R&D and stayed among top 10 worldwide by patent applications for five years in a row. Furthermore, the company has published more than 300 cutting-edge technologies and products through the SID platform and received a total of 13 innovation awards including the DIA and People’s Choice Awards. The development of more than 300 industry standards, gradually changing from a technological innovation to an industry standard setter. BOE has constantly broken new ground in TFT-LCD, OLED and Mini / Micro LED and spurred industry upgrade with cutting-edge display technologies and products designed for customers across the spectrum of industries, giving a strong impetus to market demand and industry vitality.
Promoting the upgrade of industry value chain through business innovation. Over the last two decades, the rapid development of the display industry has been largely attributed to the construction of new production lines. However, unhealthy competition between enterprises in terms of capacity and scale has further complicated the industrial environment. Therefore, the display industry is in need of a healthier and more sustainable model of growth. In December 2021BOE launched the first technology brand in China’s semiconductor display industry, marking the beginning of its “technology + brand” dual-drive model and an important milestone for the industry. Its one-stop display solutions under the technology brand have been empowering various industries, not just increasing the value of display devices but also promoting the whole industry to a new technology-focused development and even value creation. This has accelerated the extension and upgrade of the entire industry value chain.
Navigating the leapfrog development of the industry through application innovation. In this day and age, displays have become the first touchpoint and key interface of information interaction, and display technologies and smart devices have penetrated into countless scenarios in everyday life, heralding the era where “displays are ubiquitous.” In the new round of industrial revolution represented by 5G, AI big data, IoT and other cutting-edge technologies, digital and smart applications are ushering in a new era of the “internet of displays,” bringing new opportunities for an IoT market worth trillions of yuan. Guided by the “internet of displays” strategy, BOE is bringing rich-featured displays in a wider range of scenarios and ramping up the integration of display technology and IoT applications to empower countless scenarios. By doing so, it is leading the entire industry chain towards the new era of the IoT.
It calls on enterprises to proactively fulfill their corporate social responsibility and work together to create a green, healthy and sustainable environment while pursuing innovation-driven development. Over the years, BOE has embedded the green concept into the full lifecycle of R&D and production and promoted energy conservation and green development through technological innovation. Meeting the needs of 100,000 Chinese households in the whole year, and the amount of electricity saved per annum Currently, BOE has 12 smart factories that have been designated “national green factories.” Green applications driven by technological innovation represent a major trend in the industry. BOE’s products are energy-saving, recyclable, and eye-friendly, among other advantages. The digital badges worn by volunteers from BOE. In addition, the company has been empowered to provide an environment for the industry and society.
Innovation is the endless pursuit. Going forward, BOE will continue to bring your industry into the new internet market, and bring the industry into a new stage of sound and sustainable development.
SOURCE BOE Technology Group Co., Ltd.