BOE is one of the biggest players in AMOLED screen technology on China’s land. Because of that, the company managed to get their tech on some flagship devices from other Chinese manufacturers in the recent years.
Today, December 26th, BOE announced that it plans to build a 6th generation AMOLED production line in Fuzhou with a total investment of 46.5 billion Yuan, about 6.8 billion Dollars.
In the press release, we learn that BOE and Fuzhou’s Municipal Government along with Fuqing Municipal Government signed an agreement for the 6th generation AMOLED (Flexible) production to take place in said regions. In these factories they’ll be producing high-end mobile phone displays as well as other new and emerging mobile display technologies. That said, we still don’t have a site for the plants, which will be decided by every party involved.
According to the investment agreement, the area of the glass substrate of the 6th generation AMOLED (flexible) will be 1500mm×1850mm, with an expected production of 48,000 pieces per month (of the glass substrate).
Finally, it’s been also reported that BOE will raise 11.4 billion Yuan ($1.6bln) in registered capital for the project. Meanwhile at the close today, BOE A went up 1.94% (2.63 Yuan), with a total market capitalization of approximately 91.520 billion Yuan ($13bln).