Burst! Another big electronics factory closed 50 production lines and laid off 1000 people

Source: Network

    The employees of Qunzhi Optoelectronics revealed that "the big boss spoke in person last year, and 20% of the staff should be optimized." Since last year, Qunzhi Optoelectronics has had employees leave one after another, and most of the employees are unwilling to work in India or Mexico. According to the employee‘s estimate, the turnover rate of Qunzhi Optoelectronic module production line has exceeded 40%. "Today‘s colleagues will disappear tomorrow, and even some teams and departments will disappear directly". In the past two weeks, the TFT-LCD module factories in Ningbo and surrounding areas are taking advantage of the opportunity to dig people crazily.

    According to the data, Ningbo Qunzhi Optoelectronics Co., Ltd. is a company specializing in the production of TFT-LCD rear segment module (LCM), providing advanced display integration solutions, including Mini LED, 8K4K ultra-high resolution, 3D naked eye, IGZO, LTPS, AMOLED, OLED and touch control solutions, etc. The factory area is 538000 square meters, with more than 5000 employees, and is one of the largest LCD panel production bases in the world, with operating revenue of 15.6 billion yuan in 2019.

     Qunchuang Optoelectronics was founded in 2003, its stock was listed in Taiwan in 2006, and merged with Qimei Electronics and Tongbao Optoelectronics in March 2010. Qunchuang Optoelectronics has 14 factories in Taiwan, with 3.5G, 4G, 4.5G, 5G, 6G, 7.5G, 8.5G to 8.6G generation production lines, and complete large and medium-sized LCD panels and touch panels.

    Another report shows that Qunchuang Optoelectronics has reached an agreement with Vedanta of India on the transfer of TFT LCD panel and module technology, which will help India realize the localization of FPD industry. It is expected that mass entrepreneurship will receive one-time technology transfer fees, and then obtain continuous royalty income on the display panel after the start of mass production. Of course, it is necessary to arrange more technical personnel to India to participate in production line construction and technical support.

     Industry organizations predict that this production line will be similar to Qunchuang 8B, and it is likely to use Gen 8.6 or 2250x2600mm substrate. At present, its production capacity is expected to reach 60000 pieces per month.

    Thin film transistor liquid crystal display (English: Thin film transistor liquid crystal display, often referred to as TFT-LCD) is one of most liquid crystal displays. It uses thin film transistor technology to improve image quality. Although TFT-LCD is collectively referred to as LCD, it is an active matrix LCD, which is used in TV, flat panel display and projector.

    According to Sigmantell‘s prediction, in 2022, the global enterprises with more than G5 TFT-LCD production capacity Top5 will be Chinese enterprises. With its price and capital advantages, BOE has rapidly expanded in the Chinese market, becoming the manufacturer with the highest market share of TFT-LCD in China, with a global market share of about 28.9%; The second is CSOT and mass entrepreneurship, with market share of more than 10%, accounting for 16% and 11.5% respectively; Youda and Huike have market shares of 9.9% and 9.1% respectively.

    Recently, Group Innovation disclosed its performance forecast for December 2022. According to the report, in 2022, the annual revenue of mass entrepreneurship is expected to reach NT $223.716 billion, down 36.1% year on year, the lowest in the past 13 years, and the revenue in the same period last year is NT $350.07 billion.

    According to some comments, for mass entrepreneurship, under the current extremely difficult market environment, the agreement of Indian enterprises is no less than a timely help. Like other companies in the display panel industry, the company is still struggling to overcome serious overcapacity, low prices and financial losses. This initial technology transfer will include a considerable amount of cash costs, which can be used to mitigate the current losses, and allow the group to gain some flexibility to integrate its business, while shifting the focus to higher value-added products.