The Chinese know better and they are trying to hold on to their own by looking inwards. The American ban has been spreading to different Chinese companies in recent times. First, it was Huawei and ZTE, now it is Xiaomi. It’s only a matter of time before more Chinese companies join the ban list. To this end, Chinese companies are trying to avoid American technologies as much as possible. Presently, over 80 Chinese companies including Huawei and Xiaomi are working together to improve the Chinese chip industry. According to recent reports, Huawei and Honor will patronize Visionox (a Chinese display company) this year.
According to information from Huawei’s supply chain, Visionox will receive large AMOLED orders from Huawei and Honor this year. For Huawei, it will order over 5 million display panels. Honor n its part will place an order of over 10 million units.
The company is quite innovative and has a couple of firsts to its name. The first display with an on-screen camera on the ZTE Axon 20 is from Visionox. Also, the display with the world’s highest refresh rate (144Hz) is also from Visionox. This company also has the industry’s first 3D hyperboloid flexible-screen for smartwatches. It currently has the likes of Xiaomi, ZTE, Huami, LG, Oppo, Motorola, and others in its supply chain.
In addition, on January 29, Visionox (002387) responded to investors’ questions on the public platform, saying that the AMOLED products produced and sold by the company have been widely used by first-line brand customers.
Visionox is still has a long way to go
Chinese OLED panel makers have been playing catch up to South Korean manufacturers like Samsung and LG. For now, Samsung is still many years ahead of Chinese manufacturers. However, we all know what happened with the LCD panel market. The Chinese took over the market which forced the Koreans to quit making LCD panels. Chinese OLED panel makers like BOE and Visionox are constantly growing.
According to reports, in the second half of 2019, Xiaomi’s orders to Visionox is more than 1 billion yuan ($142.5 million). Also, the latest report claims that Huawei orders will reach 2.5 billion yuan ($350 million), this is huge. A representative of Visionox sales said that the company’s display orders for Huawei alone will exceed 6 billion ($855 million) in 2021. Visionox has since announced its first on-screen camera technology. While ZTE is the first to use this technology, other top-line brands will follow soon.