Visionox to Build 8.6th Gen AMOLED Line in Hefei with $8.37B Investment
TapTechNews August 29th news, Visionox Technology Co., Ltd. today released the Announcement on Investing in the Hefei 8.6th Generation Flexible Active Matrix Organic Light Emitting Diode (AMOLED) Production Line Project.
The announcement stated that Visionox intends to establish and operate an 8.6th generation flexible active matrix organic light emitting diode production line (hereinafter referred to as the project or this project), engaged in the research and development, production and sales of medium-sized AMOLED-related products. The Hefei Municipal People's Government recognizes the important significance of this project for Hefei to continuously build an internationally competitive new display industry cluster and hopes to introduce and support this project.
After friendly negotiation, the two sides plan to sign the Investment Framework Agreement for the Hefei 8.6th Generation Flexible Active Matrix Organic Light Emitting Diode (AMOLED) Production Line Project (hereinafter referred to as the Investment Framework Agreement). The Investment Framework Agreement stipulates that the two sides cooperate to establish/invest in a project company in Hefei Xinzhan High-tech Industrial Development Zone to implement the investment, construction and operation of this project. The total investment amount of this project is 55 billion Chinese yuan, including 33 billion yuan in equity investment and 22 billion yuan in debt financing.
TapTechNews learned from the announcement that the glass substrate size of this production line project is 2,290mm×2,620mm, and the designed capacity is 32K/month. The proposed construction site of the project is located in Hefei Xinzhan High-tech Industrial Development Zone, and a project company will be established/invested to implement the investment, construction and operation of this project (hereinafter referred to as the project company). The project company will produce including but not limited to display devices applied in application fields such as high-end tablets, high-end laptops, automotive and professional displays.