Who is Buying in China?
Periodically we check to see what companies in display and related areas are actively procuring equipment, giving some indication as to the progress of either expansion plans or new projects. In April the most aggressive purchaser was BOE, who was accepting bids for a variety of equipment for its OLED fabs in Ordos and Mianyang, and LCD equipment for its Gen 10.5 fab in Hefei, and more major purchases for the new G6 OLED fab BOE is building in Chongqing. Tianma (000050.CH) was also a significant purchaser for their OLED fab in Xiamen, which is under construction, and HKC (190.HK) for its H5 LCD fab, which is expected to open later this year.
We note that there were a number of procurements from an unnamed micro-OLED display project, which we tracked down to be a project initiated back in 2017, involving BOE, a number of Chinese development funds, US based Kopin Corp (KOPN), and a company known as Olightek (pvt) (aka Yunnan Invensight Optoelectronics), that is controlled by China North Industries Group (state), also known as The China Ordinance Industries Group or Norinco, (state), one of the largest global defense contractors.
The project is developing an OLED micro-display production line, in addition to Olightek’s existing production line and is based on the same technology. The line is developing a silicon based micro-OLED display that has purchased equipment from South Korea’s Sunic Systems (171090.KS) toward that end late last year. BOE began offering a 0.39”OLED micro-OLED display in late 2019 and a 0.71” full HD micro-OLED display last year that has over 3,000 pixels/inch. BOE is also involved in a JV with Rohini (pvt) that is developing a micro-LED backlight and direct emission system.
We note that there were a number of procurements from an unnamed micro-OLED display project, which we tracked down to be a project initiated back in 2017, involving BOE, a number of Chinese development funds, US based Kopin Corp (KOPN), and a company known as Olightek (pvt) (aka Yunnan Invensight Optoelectronics), that is controlled by China North Industries Group (state), also known as The China Ordinance Industries Group or Norinco, (state), one of the largest global defense contractors.
The project is developing an OLED micro-display production line, in addition to Olightek’s existing production line and is based on the same technology. The line is developing a silicon based micro-OLED display that has purchased equipment from South Korea’s Sunic Systems (171090.KS) toward that end late last year. BOE began offering a 0.39”OLED micro-OLED display in late 2019 and a 0.71” full HD micro-OLED display last year that has over 3,000 pixels/inch. BOE is also involved in a JV with Rohini (pvt) that is developing a micro-LED backlight and direct emission system.
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