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.