As a major tech company’s next product launch event approaches, reports indicate that a new player is seeking to join the supply chain as a foldable phone hinge supplier. Whether this new entrant will be included in the supply chain for the next generation of foldable phones remains uncertain.
The aspiring supplier, established in 2022, has invested significantly to position itself as a key component manufacturer, particularly for foldable phone hinges. So far, the company has supplied structural components but now aims to increase its market share in the foldable hinge sector from 0.1% to 10%.
Reports from Korean media suggest that the company has been approved as a backup supplier for foldable phone hinges, though it has not yet received approval for the upcoming foldable phone models. As a backup supplier, the company could step in if existing suppliers encounter issues, helping to prevent supply shortages.
Looking ahead, the company anticipates a significant increase in sales starting in 2024, reflecting its strategic moves to become a prominent player in the foldable phone market.
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