Spend 6.5 billion, Holitech plans to build 600,000 pieces of quasi-6th generation a-Si TFT LCD panel project

by:Kimeery     2021-05-28

On the evening of December 6, Holitech issued an announcement stating that the company signed a cooperation agreement with the Jinggangshan Economic and Technological Development Zone Management Committee ('Party A'). The latter will support the company to invest in Jingkai District to build an annual output. 600,000 pieces of quasi-6-generation a-Si TFT LCD panel project, the glass substrate size is 1300MM*1500MM, mainly for small and medium-sized TFT-LCD displays and other products.

It is reported that the total investment of this project is about 6.5 billion yuan, and the fixed asset investment (including tax) is not less than 5 billion yuan. In order to promote the construction of the project as soon as possible, Holitech takes the lead in setting up a special equity fund for this project, with a scale of 4 billion yuan. The fund plan is to be subscribed in currency by all shareholders.

Helitai stated that the purpose of this outbound investment is an important link in the company’s overall smart terminal industry chain layout. It is also an electronic information group’s comprehensive layout in the new display field at high, middle and low levels, which will help expand The company's market share in the display field enhances its competitiveness in the display field.

The company continues to implement the '1+N' strategic model to enhance vertical integration capabilities. The display panel is another important core component after backlight, cover glass, and FPC. , Efficient and reliable source of display panel supply, thereby further enhancing the company's comprehensive competitiveness.

According to it, the introduction of IPS TFT technology with high resolution and high refresh rate in this project will help the company lay out its strategy in the new display field, cultivate and reserve technology talents and product development talents, and enhance technological innovation Capabilities and independent sustainable development capabilities lay a solid foundation for the further development of new display technologies such as AMOLED and Mini-LED.

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