Guangzhou's government to support its local display industry with large subsidies

The government of the Guangzhou province in China announced that it aims to help its local display industry and have allocated large funds - up to 2 billion RMB (around $285 million USD) in subsidies per company. The goal is to help companies invest in production of emerging display technologies - including OLEDs, Micro-LEDs, QD-LEDs, 3D displays, e-paper displays, graphene enhanced display technologies and more.

LG Display 8.5-gen OLED TV fab in Guangzhou, China

The subsidies will be given to companies that start trial production, and when mass production begins.

LG Display built its latest OLED TV production fab in Guangzhou - on August 30 LGD announced that it started producing OLED TV panels at the fab. According to reports the new fab's yields are low (50-60%) and actual mass production has not started yet - but it will begin in early 2020.

Posted: Dec 18,2019 by Ron Mertens