US and Japan Invest $550B to Compete with China in Displays

China currently holds nearly 60% of the global LCD market, heavily impacting producers in South Korea like LG Display and Samsung Display, who are shifting focus to more profitable technologies such as OLED. China's growth in OLED technology is also significant, with a nearly 40% market share in smartphone displays and increasing presence in large-format screens, raising concerns in Japan, Taiwan, and the US regarding national dependency on Chinese suppliers, especially in military applications.

In response, the US and Japanese governments have formulated a substantial investment plan amounting to $550 billion to build a state-of-the-art display manufacturing plant in the US, managed by Japan Display. This initiative seeks to restore Japan's prominence in the display sector and reduce reliance on Chinese technology, which is projected to capture up to 75% of the display market by 2028, posing a strategic threat to national security and competitiveness in technology.