BOE announced it is raising new funds (a total of $3 billion) towards several projects, including an increase at its stake at its LCD lines and increase the capital at its 6-gen flexible AMOLED line in Chongqing.
According to the reports from China, one of these projects is a $155 million USD project to develop 12-inch OLED microdisplay production. This is a large sum that will also likely include funds to actually start 12-inch production and not just R&D.