China semiconductor industry continues to grow, and new companies are emerging alongside Korean firms, which long dominated this and the mobile phone industry. China’s Xiaomi topped smartphone sales in the European market, which was once ruled by Samsung Electronics, and Chinese companies are expanding rapidly in areas like liquid crystal displays (LCDs), batteries, electric vehicles, steel, and hydrogen energy.
Critics claim the tactics began as imitation or theft of technology, but it has been suggested that the most populous country in the world with a population of 1.4 billion and full government support have been the primary factors causing Korean companies to lose their position in the global market.
Chinese companies have taken over Korean companies in the LCD panels industry, according to Chinese media and industry sources on the 22nd. This industrial sector has long been dominated by Korean companies. The current situation, however, seems to have changed.
In 2015, mainland China accounted for 23% of the global LCD panel market. By 2019, it reached 46%. Two years later, the Chinese Economic Daily predicted that the global market share would surpass 60%. Last April, BOE (Chinese name: Jing Dongfang), a leader in the Chinese LCD industry, overtook Samsung Electronics by securing 27.3% of global shipments of LCD panels. During the same period, it acquired the third Chinese company, CEC Panda, and absorbed the oxide technology (oxide semiconductors). The technology is used in large organic light-emitting diodes (OLEDs).
As with batteries, China has surpassed the United States at the top of the list. SNE Research, an energy market research company, announced that in the first half of this year, LG Energy Solution, Samsung SDI and SK Innovation held 34.9% of the global market. China, however, overtook Korea with 43.2%.
Chinese battery manufacturer CATL has a global market share of 29.9%, which is higher than Korean companies. BYD, the largest electric vehicle manufacturer in China, has a 6.9% market share.
Mobile phone market
Huawei has overtaken Samsung to become the world’s top smartphone manufacturer. Huawei held the highest share of the global wearables market (excluding wireless headphones) in the second quarter, with a 21% share. Samsung Electronics had a market share of 3.8% at that time. As a result of US pressure, Huawei faltered, but the position was shared by other Chinese smartphone manufacturers, and Xiaomi won the first spot in the second quarter of this year.
According to some experts and media, China semiconductor companies are now seeking to overtake Korean semiconductor manufacturers.
China’s share of the market for NAND chips is 37 percent, which gives it an edge. When a company with technological prowess emerges in China, its standing in the global market may rapidly increase under the influence of nationalism, patriotism, and government support. Chinese media are interested in Changjiang Memory Technology (YMTC), a semiconductor company owned by Tsinghua Unigroup.