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China government further invests in panel industry

  • Author:Nora
  • Release on :2016-01-13
The China government as of December 2015 finalized investments of CNY1.7 billion (US$257.73 million) in China-based panel maker BOE and CNY1 billion in China Star Optoelectronics Technology (CSOT) in order to foster the nation's panel industry and further create competitive supply chain solutions, according to Digitimes Research.

The central government and local governments throughout China have been proactive in working with investment firms and banks to provide loans in addition to investments with low return on investments. The strategy is geared toward providing a sound financial structure for China supply chain makers and to give the nation a more complete manufacturing industry.

Media reports coming from China and Taiwan have stated the investments will initially be used to develop 8.5G fabs from the two makers despite expected oversupply in the market.

Digitimes Research also recently found that while global large-size TFT-LCD panel shipments and revenues in 2015 are expected to decrease on year, BOE will see its large-size panel shipments and consolidated revenues for the year increase 43% and 37% respectively.