BOE plans to build China's first 8.6th generation AMOLED production line to usher in a new era for the OLED industry

On November 28, BOE Technology Group Co., Ltd. announced that it plans to invest in the construction of the BOE (BOE) 8.6th generation AMOLED production line project in the High-tech West District of Chengdu City, Sichuan Province with the investment platform designated by the Chengdu High-tech Zone. This is also the first 8.6th generation in China. AMOLED production line. The project construction period is about 34 months, with a total investment of 63 billion yuan, and a designed production capacity of 32,000 glass substrates per month (size 2290mm × 2620mm). It mainly produces high-end touch OLED displays such as laptops and tablets. This project will effectively meet the growing market demand for IT-type OLED displays and promote the OLED display industry to rapidly enter the medium-size development stage. This is a new milestone set for China's OLED industry with its world-leading technical strength after BOE took the lead in mass-producing China's first 6th generation flexible AMOLED production line, and also opened a new era in the development of the OLED industry.

BOE's 8.6th generation AMOLED production line project can process larger substrate sizes, effectively improve the slicing efficiency of medium-sized products and reduce production costs. At the same time, by adopting new OLED display technology, BOE's 8.6th generation AMOLED production line can effectively improve the backplane and OLED light-emitting device preparation process, with lower power consumption and longer life, and is more suitable for the use of medium-sized IT products. need. As related technologies have achieved stable mass production in mobile phone products, and BOE's experienced and high-level technical R&D team will also provide strong guarantee for project construction and rapid mass production, BOE's 8.6th generation AMOLED The production line project has natural advantages in terms of mass production timeliness and production efficiency improvement.

Currently, consumers are demanding thinner and more portable laptops and tablets, pushing IT products towards flexible flat surfaces, folding, curling and even free-form ultimates, bringing broad market prospects for medium-sized OLED display products. . Omdia data shows that OLED laptop panel shipments will be approximately 6 million units in 2022, a year-on-year increase of 19%. According to DSCC predictions, by 2026, OLED in the high-end IT market will increase to 44 million pieces at a compound annual growth rate of 51%, and OLED displays will account for 75% of the high-end IT market share. BOE's 8.6th generation AMOLED production line project will effectively meet consumers' demand for thin, light and portable IT products. While promoting OLED technology innovation, it will also drive the iterative upgrade of downstream notebook and tablet products.

It is understood that BOE's 8.6th generation AMOLED production line project has a total investment of 63 billion yuan. It adopts a joint construction method between BOE and Chengdu to raise the registered capital of the project company of 38 billion yuan, of which BOE raised and increased capital in equal proportions to 19.9994 billion yuan. Chengdu raised and increased capital in equal proportions to 18.0006 billion yuan through the investment platform Chengdu Major Industrialization Project Phase I Equity Investment Fund Co., Ltd. and Chengdu High-tech Zone Electronic Information Industry Development Co., Ltd. The difference between the total investment and registered capital of RMB 25 billion will be settled through a bank loan from the project company. Through joint construction, the source of construction funds can be effectively guaranteed.

Since the construction and mass production of China's first 6th generation flexible AMOLED production line, BOE, as a leader in the OLED industry, has been committed to promoting the development of the OLED industry in China and even the world. The construction of BOE's 8.6th generation AMOLED production line will further enhance the technological level of China's display industry and is of great significance in promoting the optimization and upgrading of the semiconductor display industry. At the same time, BOE also issued an announcement on the same day announcing that it planned to change the use of approximately 500 million shares in the special securities account for repurchase, changing "for the implementation of the company's equity incentive plan" to "for cancellation and corresponding reduction." "Registered Capital", by further increasing the level of earnings per share, we will effectively increase shareholders' investment returns and maintain the company's value. In the future, BOE will continue to uphold its respect for technology and persistence in innovation, continue to lead the innovation and upgrading of the global display industry, and promote the steady development of the industry in a healthy, green, and sustainable direction.