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Videotex, a 38-year-old Indian ODM, has said that they plan to expand manufacturing capacity with a new plant that would cater to LED TVs. The company is in the final stages of setting up the unit and aims to cater to new brands and solutions, anticipating an increase in demand for smart televisions.
Despite the macroeconomic headwinds, such as the stubborn inflation that has persisted for about a year, India's smart TV shipments saw double-digit growth in 2022, with major brands seeing their market share drop amid intensifying competition in the market. MediaTek chips have a three-fifths share of smart TVs shipped in India in 2022.
New research from Omdia indicates that in 2022, Samsung maintained its top position with 56% of the total market in terms of small medium size AMOLED market share, with BOE gradually approaching Samsung at 12%.
Panel quotes are expected to continue rising in the second quarter of 2023 with those of LCD TV panels, after experiencing a surging increase in March, estimated to climb up further in April. Prices for IT panels will also have a good chance to ramp up slightly from before in April with a recovery in end demand, according to sources from the panel supply chain.
Solomon Systech, which specializes in the design and development of proprietary display IC products and system solutions, has announced the release of what the company claims is the world's first PM-MicroLED display driver. The new SSD2363 enables the next generation of high brightness displays for wearables, home appliances, and industrial applications.