China’s BOE Technology to Set up AMOLED Production Line Worth $8.8 Billion

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BEIJING (Reuters) – BOE Technology Group Co Ltd said on Tuesday that it and partners plan to invest 63 billion yuan ($8.81 billion) to set up AMOLED production line in the southwestern Chinese city of Chengdu.

The project’s products will mainly be high-end touch screens such as those on laptops and tablets, BOE said in a filing to the Shenzhen stock exchange.

($1 = 7.1527 Chinese yuan renminbi)

(Reporting by Beijing Newsroom; Editing by Louise Heavens)

Copyright 2023 Thomson Reuters.

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