China-based OLED producer Visionox announced plans to establish a flexible and foldable OLED module factory in Guangzhou, China. Together with the local government, Visionox plans to invest 11.2 billion Yuan (around $1.6 billion USD) in this new factory.
Visionox did not provide any time frame for this new fab. The company is currently operating a 6-Gen AMOLED production line in Hebei (with a monthly capacity of 30,000 substrates) and has announced plans to establish a similar flexible OLED line in Hefei in a $6.3 billion investment.
Visionox is producing both rigid and flexible AMOLED displays (and also PMOLED ones) and is also producing foldable OLEDs in low volumes.