Everdisplay opens plant for screens

Source: Xinhua | 2018-07-03

EVERDISPLAY Optronics, a new display technology firm, opened a 27.3 billion yuan (US$4.2 billion) AMOLED display plant that boasts Shanghai’s biggest industrial clean room yesterday to make screens for smartphones and VR devices.

The monthly capacity at the 390,000-square-meter plant, featuring an industrial clean room of 320,000 square meters, is designed to make 30,000 units once operations are in full swing. The plant supports flexible display, which is the most advanced display technology on the Chinese mainland.

The company will test equipment in the plant before starting trial production in 2019, it said.

AMOLED (acrive-matrix organic light emitting diode) screens are widely used in smartphones, TVs, laptops, tablets, wearable and VR devices, and market demand is booming.

Demand in the global OLED panel market will hit 1.7 billion units in 2021, up from 300 million units in 2016, said IHS.