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By Han Wei / Dec 27, 2018 06:38 AM / Business & Tech

Photo: VCG

Photo: VCG

Chinese display-panel manufacturer BOE Technology Group Co. Ltd. plans to invest no less than 46.5 billion yuan ($6.8 billion) in a new production facility for a new generation of bendable displays, seen as a key element for future smart gadgets.

BOE announced a partnership with the Fuzhou city government in Fujian province Wednesday for the new project to make active-matrix organic light-emitting-diode (AMOLED) displays. The city government will provide financial and policy support to the project, according to a BOE filing.

The facility, which will use the latest 8.5-generation substrates, is designed to have a production capacity of 48,000 sheets a month.

BOE previously set up facilities to produce sixth-generation AMOLED displays in Chongqing, making it the second producer of such products following South Korea’s Samsung.

Related: Display-Maker BOE Unveils New Plants in Chongqing, Wuhan

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