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Apple supplier BOE signs US$9 billion deal to build next-generation display plant in southwestern China
- BOE’s so-called Gen-8.6 AMOLED production complex is expected to meet soaring global demand for high-end displays used in laptops and tablets
- The deal represents the largest single industrial project in terms of investment in Chengdu, the capital of southwestern Sichuan province
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Ben Jiangin Beijing
Apple supplier BOE Technology Group, one of the world’s largest display makers, will set up a 63-billion yuan (US$9 billion) next-generation production complex in Chengdu, capital of southwestern Sichuan province, that is expected to bolster mainland China’s lead in display manufacturing capacity over the next few years.
The Chengdu municipal government on Wednesday said in a statement that Beijing-based BOE and the city’s Hi-Tech Industrial Development Zone have signed the contract to build the plant, representing the largest single industrial project in the capital in terms of investment.
BOE, which initially announced the project last December, will build its so-called Gen-8.6 AMOLED – for active-matrix organic light-emitting diode – production facility to meet soaring global demand for high-end displays used in laptops and tablets, according to the firm.
Shares of BOE in Shenzhen closed up 1.07 per cent to 3.76 yuan on Thursday.
The deal underscores efforts by Chinese local governments to increase collaboration with Big Tech companies in the private sector, which is in line with the mainland’s efforts to restore business confidence and drive economic recovery.
The new BOE production facility is expected to position Chengdu as the display industry’s largest manufacturing base for advanced flexible panels.
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