In May 2024, Visionox announced its plan to build a new AMOLED production line, targeting the IT display market - laptops, monitors and tablets. The company said that it will best 55 billion Yuan (around $7.6 billion USD) to build a 8.6-Gen production line in Hefei, Anhui province, with a monthly capacity of 32,000 substrates.
Yesterday Visionox shared some more details about its project and plans. The company will build the new fab with support from two local government-owned firms, both of which are partners at Visionox's existing 6-Gen AMOLED line in Hefei. In the first step for this new project, the three partners (Visionox and the new government firms) will invest a total of $282 million USD. Visionox will only hold 20% of the JV.
Construction of the new fab is expected to start by the end of 2024. This means that it is likely that mass production will begin in 2027 or 2028.
The OLED industry is entering into a new cycle of investments and construction of larger production lines, mostly targeting IT applications. This makes sense as device makers, including Apple, are increasing the adoption of OLED displays in IT devices. The new production lines are all 8.6-Gen in size, which uses larger display substrate glasses to increase production capacity and efficiency, thus reducing the production cost per panel.
Samsung Display has already started building its 8.6-Gen IT AMOLED line, and so has BOE. LG Display is also said to be considering such a new, as do other display makers. There were reports that TCL is also considering such a new line, but these were denied by TCL.
To learn more about the OLED industry's latest IT display investment cycle, check out our OLED Toolbox, which details all upcoming fabs, recent devices with AMOLED display, the latest trends analysis and more.
