Towards the end of 2023, BOE officially announced its plans for a 8.6-Gen flexible LTPO AMOLED line in Chengdu. The agreement with Chengdu's local government was signed in early 2024, and in April BOE announced it is starting to construct the new fab. A few weeks ago BOE said it finished the construction of the main outer structure in this project, and that the company is on track to finish the fab by May 2026, with mass production expected by October 2026 - and full production in 2029.
Today there is a report from Korea that one of BOE's suppliers, Hansong Neotech, faces financial problems (and its stock has been delisted from the Korean stock exchange). The company may not have enough money to coninute its operations and build the BOE systems.
Hansong Neotech has been chosen by BOE to supply it with 8.6-Gen gen FMM tensioner (a system that tightens the FMM to prevent it from sagging during the OLED evaporation stage). BOE has signed a contract worth around $16 million USD with the company to supply it with 8.6-Gen systems by August 2026.
The total investment in the fab is expected to reach 63 billion Yuan (over $8.7 billion USD). The fab will have a capacity of 32,000 monthly substrates (2290x2620 mm).
