China's Irico Display plans to raise ¥6 billion (around $900 million) - out of which ¥1.6 billion (around $245 million) will be used to build an AMOLED fab. According to earlier reports, Irico already has a 4.5-Gen AMOLED pilot production line ready, located at the OLED industrial base in Guangdong province. We assume that the current plan is to build a mass-production 4.5-Gen line.

Irico has begun construction back in March 2009 (investment was $75 million). At least back then, the plan was to produce 2.2" displays. We do not know what kind of displays they plan to produce now.

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