Truly gets increased investment
The parent of Hong Kong based Truly (732.HK), has indicated that the JV between the company and a number of investment firms will get additional funding of $482m. Xinli Semiconductor (pvt) will own 59.7% of the JV, while a state-owned investment fund will hold 23.5% and the local government will own16.7%, both of whom were original investors in the JV. The particular JV involved is said to produce ‘sheet transistor panels’, which would be considered backplanes, and OLED displays, so we have to assume it is part of Truly’s OLED plans, which include the expansion of the company’s Gen 4.5 rigid OLED fab, and the construction of a Gen 6 rigid/flexible OLED fab that was in the planning stage last year. The Gen 6 fab, if built as expected, would be a two phase 30,000 sheet/month project with production some time between late 2018 and early 2020. There is considerable speculation about the timing of the fab, but the funding mentioned above could be an indicator that plans have progressed, giving the potential for the earlier production timetable.
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