BOE Technology Group Chairman Chen Yanshun has been awarded the prestigious 2024 David Sarnoff Industry Achievement Award by the Society for Information Display (SID). The award recognizes Chen’s visionary leadership and innovation in the semiconductor display industry, particularly his pioneering work on the “Displays Enabling IoT” strategy.
The David Sarnoff Industry Achievement Award is the highest honor bestowed by SID, and is given annually to an individual who has made significant contributions to the global display industry. The award is named after David Sarnoff, a pioneer in the field of electronics and television. Sarnoff was the founder and first president of RCA, and is credited with playing a key role in the development of television broadcasting.
“I am honored to receive this prestigious award from SID,” said Chen. “It is a testament to the hard work and dedication of BOE’s employees, and our unwavering commitment to innovation. We will continue to push the boundaries of the display industry, and create more value for our customers and partners.”
Chen’s visionary leadership has been instrumental in BOE’s rise to become a global leader in the display industry. He has led the company through a period of rapid growth and innovation, and has positioned BOE at the forefront of the emerging IoT era. Since joining BOE in 1993, Chen has witnessed the company’s entire transformation and development journey. According to the latest data from Omdia, as of 2023, BOE held the top global position for several consecutive years in terms of shipment volume of LCD displays.
The “Displays Enabling IoT” strategy is a transformative approach to the display industry that envisions a future where displays are not just passive devices, but active participants in the Internet of Things (IoT). Under Chen’s leadership, BOE has made significant progress in developing new display technologies and solutions that enable this vision.
Chen advocates for global ecosystem partnerships. BOE currently boasts over 5,000 partners, collaborating deeply in areas such as technological innovation, industrial development, and ecosystem building. Together with these partners, BOE is actively exploring nearly 100 niche application scenarios. They have established several benchmark projects in diverse fields, including smart parks, finance, education, transportation, 8K ultra-high definition, visual arts, and digital exhibitions. This collective effort is driving high-quality development for the entire industry.
BOE has consistently demonstrated respect for technology and a commitment to innovation. It dedicates around 7% of its annual revenue to R&D, and 1.5% to advanced research, solidifying its position as a global leader in the display industry. As of 2023, BOE has amassed over 90,000 patent applications.
BOE’s innovative products and solutions are already being used in a wide range of applications. As the “Displays Enabling IoT” strategy continues to evolve, BOE is poised to play a leading role in shaping the future of the display industry.
