In the world AMOLED display market, Samsung is still ahead of other OEMs. However, for Chinese manufacturers, BOE has been at the forefront and has reached cooperation with many first-line mobile phone manufacturers. Today, BOE announced that it plans to build a 6th generation AMOLED production line in Fuzhou, China with a total investment of 46.5 billion Yuan ($6.7 billion).
Gizchina News of the week
BOE, the Fuzhou Municipal Government and the Fuqing Municipal Government signed the “Framework Agreement for the 6th Generation AMOLED (Flexible) Production Line Project of BOE”. According to the investment agreement, the size of the glass substrate of the 6th generation AMOLED (flexible) production line is 1500 mm × 1850 mm and the design capacity will eventually reach 48,000 pieces/month for the glass substrate. The specific site selection of the project will be agreed by both parties.
It is reported that BOE will raise 11.4 billion yuan ($1.7 billion) in registered capital for the project. At the close today, BOE A rose 1.94% to 2.63 yuan, with a total market capitalization of approximately 91.520 billion yuan ($13 billion). It is expected that in the next couple of years, BOE should be able to give Samsung a good run for its money. Although BOE shows signs that it is ready for the competition, the current gap between both companies is enormous. Perhaps, BOE will capitalize on growing legal issues between top OEMs.