SAN JOSE,
Calif., May 14, 2024 /PRNewswire/ -- At the Honors
and Awards Banquet held in San Jose,
California on May 13 ahead of
SID Display Week 2024, Chen Yanshun, Chairman of BOE, received the
David Sarnoff Industrial Achievement Prize from Paul Drzaic, Chair of the SID Honors and Awards
Committee. The David Sarnoff Industrial Achievement Prize is the
highest honor bestowed by the Society for Information Display (SID)
to outstanding individuals in the global display industry. The
award is not only a nod to Chen's remarkable contributions at the
helm of BOE, but also a recognition of the rapid development of
China's semiconductor display
industry. Under the strong leadership of Chen Yanshun, BOE has
scaled new heights by implementing the strategy of "Empower IoT by
Display." Meanwhile, it has set a new paradigm of development for
the Chinese and global semiconductor display industry.
Established in 2018, the David Sarnoff Industrial
Achievement Award is conferred to one and only individual every
year for their exceptional leadership and profound impact on the
global display industry. Addressing the banquet, Chen Yanshun
expressed his appreciation to the SID Honors and Awards Committee
and thanked all partners for their consistent support. This
achievement is a testament to everyone at BOE for their collective
efforts and relentless dedication. Over the past five years, BOE
has continued our innovation in display products, technologies, and
applications. Based on our vision of technology fusion among
displays and interconnectivity, digital transformation, and
artificial intelligence, BOE has proposed the strategy of 'Empower
IoT by Displays'. This is opening up vast new possibilities for our
display industry, and, moreover, providing a new way of thinking
for the fast-evolving information technology community.
In 2021, Chen Yanshun put forward the pioneering
strategy of "Empower IoT by Display" amid the digital trends. This
strategy involves integrating more functions into displays,
deriving more product forms from displays, and embedding displays
into more scenarios, aiming to create an ecosystem for "display as
a platform" or "display as a system." The end of 2023 saw the
publishing of the book titled Empower IoT by Display, which
is a product of BOE's strategic management concepts and business
wisdom over the past 30 years. The book elaborates on the
significance of the strategy to corporate development and puts
forward the "organizational strategy upgrading mode," setting the
way for technology companies to navigate industry cycles and foster
new growth engines in the digital age.
Chen Yanshun pointed out that SID is a great
event for the global semiconductor display industry. BOE has
continued to showcase the world's leading cutting-edge technologies
and products at SID for many years, in order to drive technological
advancement through continuous innovation. Over the years, BOE has
maintained its respect for technology and dedication to innovation.
The company invests 7 percent of its operating income in R&D
every year, of which 1.5 percent is spent on the R&D of basic
technology. It has accelerated the layout in cutting-edge
technology fields like artificial intelligence and pioneered the
concept of "full-scenario AI smart display." In the last five
years, BOE has made great strides in every business segment. In
2023, its operating income reached RMB174.5
billion, of which income from innovative businesses exceeded
RMB40 billion, accounting for about
24% of the total. By diving deeper into various IoT segments, BOE
has created IoT-enabled interfaces of information interaction
centered on screens in smart cockpit, smart retail, visual art, and
other fields. In this way, innovative applications across multiple
scenarios have been achieved, generating greater value for
customers.
While persisting in technological innovation, BOE
pursues sustainable development and sets the pace for the industry
through constant innovation in green manufacturing and operations,
green technology and products, and green supply chain', among others. BOE takes into full
account the impact on resources and the environment throughout the
product lifecycle, embedding green concepts in the processes of
design, modules, panels, and end products. Additionally, BOE has
promised to achieve carbon neutrality by 2050. Going forward, BOE
will work alongside all partners to build a green and sustainable
ecosystem, and uphold both technological innovation and green
development to foster new quality productive forces and drive the
upgrade of the industry value chain.
At the Honors and Awards Banquet, Dr. Qiu Haijun,
Senior Vice President of BOE, won a SID Special Recognition Award
for his outstanding achievements in the R&D of frontier OLED
technology and high-performance OLED display. Dr. Chen Dongchuan,
Director of TV Development, is the recipient of the Peter Brody
Prize for his significant contributions to the UB Cell technology
that delivers premium image quality akin to that of OLED and takes
LCD technology to the next level. It is noted that BOE took home
the most awards at the event, reflecting its outstanding
contributions to and leadership in the global display industry.
As a global leader in IoT innovation, BOE's
international influence is rapidly rising. The company now operates
in 20 countries and regions and its services cover Europe, the Americas, Asia, Africa,
and other parts of the world. It now has more than 5,000 ecosystem
partners worldwide, with 60% of its operating income from overseas
markets. The year 2024 marks the
dawn of BOE's next 30 years. Upholding the strategy of "Empower IoT
by Display," BOE will vigorously promote the convergence of display
technology with IoT and digital technologies and continue to work
with ecosystem partners to build the "Powered by BOE" innovation
ecosystem and provide optimal services for global customers. By
doing so, BOE will secure a leading role in promoting the healthy,
sustained, and high-quality development of the global display
industry.
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SOURCE BOE Technology Group Co., Ltd.