According to reports from Korea, Tianma plans to ship 40 million OLED panels in 2021. It is estimated that Tianma shipped a million panels in 2020, which means that this is quite an aggressive sales expansion for the Chinese display maker, and according to the report analysts expect the company to actually ship only around 7.5 million panels.
Tianma produces rigid OLEDs at its 5.5-Gen line in Shanghai, and in 2017 Tianma started producing rigid and flexible OLEDS at the company's 6-Gen fab in Wuhan. Later in 2018 the company announced plans to expand its Wuhan flexible AMOLED fab. This expansion plan was reportedly delayed due to the Coronavirus pandemic.
In August 2019 Tianma announced that it plans to construct a second 6-Gen flexible AMOLED production line in Xiamen. The company will setup a joint-venture with the local government that will help finance the new fab, which will cost an estimated 48 billion Yuan ($6.8 billion USD). Tianma estimates that it will take 30 months to construct the fab, which means that initial production is estimated to start in February 2022. The new fab in Xiamen, when in full capacity, will product 48,000 6-Gen substrates each month. Part of that fab capacity will be able to produce LTPO AMOLEDs.
