BOE says that it has shipped almost 140 million flexible AMOLED displays in 2024, falling a bit short of its target of 16 million units. In 2025, the company hopes to grow its shipments by 21%, reaching 170 million units.
BOE says that the main reason for not reaching its target in 2024 was that its Chongqing 6-Gen AMOLED production line encountered some technical issues, and did not ramp up as expected. In addition, the market experienced fierce competition and the company suffered from a decline in orders from customers outside of China. A more positive reason for BOE is that it increased its LTPO capacity, which reduced total unit capacity in its fabs.
BOE also details that its foldable OLED shipments grew by more than 40% in 2024, and it supplies its displays to Huawei, Honor, Oppo, Nubia, OnePlus and others.
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