Shenzhen Enrich Electronics Co., Ltd

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Company News >> Samsung cross-bar large-size LCD production investment Huaxing photoelectric 11 on behalf of the plant 14th,Jan,2017
                                    Samsung fade out LCD (LCD) display production, it seems ready to LCD production tasks handed to the Chinese plant China Star Power (CSOT)? Samsung Electronics' s panel plant Samsung Display announced that it will work with Huaxing Optoelectronics to develop the 11th generation LCD plant.
                            Samsung Display spokesman ChoYong-woo said that the company holds a 8.18% stake in Huaxing Optoelectronics 8-generation plant, and now agreed to shareholding transferred to Huaxing 11 on behalf of the plant, the next Samsung Display will hold the Star The new 9.8% stake in Optoelectronics, worth 2.1 billion won (about 315 million US dollars). Samsung Display and 11% of the plant capacity.
                            Huaxing photoelectric 11 on behalf of the plant for the official joint venture to Huaxing Electric for the major shareholders, holding 53%, 37.2% stake in the Shenzhen Municipal Government.
                            Huaxing photoelectric from the 8-generation plant jump 11 on behalf of the plant, the future large-size LCD panel production will increase significantly. 8 on behalf of the mother plant can only be cut into four 60-inch panel, 11 on behalf of the mother plant can be cut out of 10 60-inch panel. It is understood that in July this year Samsung Display CEO KwonOh-hyun and TCL Group Chairman Li Dongsheng meeting in Seoul, finalized the 11-generation plant joint investment case. Huaxing photoelectric for the TCL subsidiary.
                            At the time of Samsung's focus on quantum dots and OLED panels, Eugene Investment & Securities analyst Lee Jeong said Samsung's efforts to expand its investment flexibility by focusing on large-screen LCDs with Samsung and Samsung Electronics in leading high-end TV OLED panel.
                            The G11 project, the 11th generation of LCD panel production line in China, is expected to begin construction by the end of this year (2016) and will be in mass production by 2019.
                             It is understood that Huaxing photoelectric G11 project total investment of nearly 500 billion yuan (RMB, the same below), the main production will be more than 65-inch high-quality large-size LCD panel. China's mainstream TV panel manufacturers are generally only imported from overseas; Huaxing Optoelectronic 11 generation line is completed, will become the world's highest generation, the world's largest LCD TV market, But also the largest investment in LCD panel production line.

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