Shenzhen Enrich Electronics Co., Ltd

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Company News >> Letter 50.88 million US dollars to buy Samsung fifth generation TFT-LCD production line 1st,Mar,2017
                                 Ericsson, an indirect wholly-owned subsidiary of the company, entered into the L5-equipment sales agreement with Samsung, pursuant to which Samsung agreed to sell and Truly agreed to purchase the equipment, the transaction amount of 50.88 million US dollars.
                         Semiconductors will purchase equipment from Samsung to include parts, components, machines and equipment for the fifth generation TFT-LCD production line and color filter production line.
                         The fifth generation of TFT-LCD production line production capacity of about 50000 per month (1,100 mm x1,250 mm) with color filters. The Board considers that the L5-Equipment Sales                            Agreement is entered into on normal commercial terms and the terms of the L5-Equipment Sale Agreement are fair and reasonable and are in the interests of the Shareholders as a whole.
                         Samsung reported that it would use the funds to expand the OLED production line and turn the L5 plant into an OLED production line, Samsung reported that Samsung would sell the fifth-generation LCD line and sell LCD panel manufacturing equipment.
                         L5 production line mainly produces small and medium size LCD panels, such as monitors, notebook screens, 32-inch televisions (parameter picture articles) and some other products. But with China's LCD panel manufacturers to improve production, L5 production line has been difficult to continue to profit. To this end, Samsung gradually reduce the size of small and medium-sized panel production, instead focus on the production of 40-inch or larger LCD products.
                        As for the Samsung power OLED production line, which has a certain relationship with Apple's cooperation. It has been reported that Samsung recently launched negotiations with Apple, intends to supply OLED screen for the iPhone. And Japan Display, if Apple's orders, Samsung is likely to add a few separate production lines for Apple.
                       "If you get orders from Apple, Samsung's current A3 OLED production line simply can not meet the demand." So, after the L5 plant into OLED production line, it is likely to specifically for Apple supply screen. In this way, Samsung is expected to go beyond LG Display, Apple's largest screen supplier.
                        As for the sale of L5 production line, Samsung has started negotiations with a number of enterprises. According to Samsung, it will take 2 to 3 months to finalize the buyer. Insiders said that the Chinese panel manufacturers believe that the most likely to win the photoelectric.
                        Samsung closed the L3 production line in 2011 and closed the L4 line in 2013. Last year, Samsung sold CCFL backlit LCD panel production line to Shinely Optoelectronics. Xinli Optoelectronics listed on the HKEx, the main production of liquid crystal displays and television and other consumer electronics products.

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