BOE Technology and OLED Microdisplay maker OLiGHTEK announced a new joint-venture to produce OLED microdisplays for the consumer VR and AR markets. The new company will be established in Kunming, Yunnan, and will have an annual production capacity of a million OLED microdisplays.
Total investment in the new venture will total $167 million USD. BOE will invest 76.5% of the capital and OLiGHTEK will invest 20%. There is a third partner, Gao Ping Technology from Shenzhen, that will invest 3.5% of the capital. BOE will also apparently invest around $7.2 million in OLiGHTEK. The new company will base its production on OLiGHTEK's technology.
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Posted: Mar 31,2017 by Ron Mertens
