BOE accelerates the layout of next-generation display production lines

On March 17, according to Korean media reports, BOE is accelerating investment in the layout of next-generation display production lines in Beijing and Chengdu to expand the production capacity of ultra-high-resolution panels for virtual reality devices and OLED panels for IT equipment.

According to an announcement released on CNINFO, the designated information disclosure platform of the China Securities Regulatory Commission, on March 16, BOE has launched the issuance process of "2026 Science and Technology Innovation Corporate Bonds (Second Phase)". This is the second financing in the company’s previously planned 10 billion yuan technological innovation bond issuance plan.

It is reported that the funds raised in this round will mainly be used to support BOE’s next-generation display production line projects under construction in Beijing and Chengdu. In Beijing, BOE has built a sixth-generation new semiconductor display production line through its subsidiary Beijing BOE Chuangyuan Technology, with a total investment of approximately 29 billion yuan. Up to now, a total of approximately 16.4 billion yuan has been invested in this project, and the overall construction progress is approximately 61.74%.

This production line is mainly used to produce ultra-high-resolution liquid crystal display (LCD) panels required for virtual reality equipment. It will also produce small and medium-sized IT panels and some automotive display panels. The production line will use low-temperature polycrystalline oxide (LTPO) and low-temperature polysilicon (LTPS) processes, with the goal of achieving a high pixel density panel production capacity of more than 1,500PPI.

At the same time, BOE is also building an 8.6-generation OLED production line in Chengdu through its subsidiary Chengdu BOE Display Technology, with a total investment of approximately 63 billion yuan. At present, approximately 17.7 billion yuan has been invested in the project, and the construction progress is approximately 28.16%.

This production line is mainly used to manufacture OLED panels for conventional IT equipment. By using 8.6-generation glass substrates, this production line is expected to gain advantages in ITOLED panel production efficiency and cost control. The industry generally believes that as notebooks and some tablet devices accelerate the adoption of OLED screens, the demand for related panels will continue to grow in the future.

Industry analysts pointed out that BOE has continued to promote the construction of new display production lines at a rapid pace in recent years. The company installed equipment simultaneously during the factory construction phase and compressed the investment cycle with the support of local government and policy financing. Previously, during the construction of LCD and OLED production lines, BOE also completed the establishment of mass production systems in a relatively short period of time. The Beijing XR display production line and Chengdu 8.6-generation OLED project are regarded as important measures for the company to continue this rapid investment strategy.