A couple of weeks ago we reported that TCL plans to invest 24.4 billion yuan (just over $4 billion) to build a new 8.5-Gen TV fab in Shenzhen, owned by CSOT. This fab (called Huaxing Power Two) will have two lines, one for a-Si LCDs and one for Oxide-TFT (OLED TV and LCD TV, it seems) panels. The Oxide-TFT capacity will be 30,000 monthly substrates.
Now there are reports that the TCL Group announced that the Huaxing Power Two proposal was passed during a recent shareholders meeting. Also it was reported that TCL plans to use the AMOLED line to produce 55" OLED TV panels. It is not clear but it seems that TCL still needs to raise the money for this new fab.