HONG KONG (Reuters) – China’s electronics giant TCL Corp (SZ:000100) said on Friday it planned to take a position about 35 billion yuan ($5.08 billion) within a facility to help make display panels which can be used in smartphones and tablets, tapping growing Chinese consideration in the gadgets.
TCL offers create a production line inside central personal loan companies Wuhan to make displays called LTPS-AMOLED (cold poly silicon-active matrix organic light-emitting diode), it said within a statement within the Shenzhen wall street game.
These displays are used in gadgets which include smartphones and tablets, which have been gaining interest in China as consumers are more sophisticated and affluent.
TCL, in the southern province of Guangdong, said its proposal used to be pending approval with the government.
Other Chinese firms have announced similar plans. BOE Technology Group Co Ltd said in November it planned to invest 46.5 billion yuan within a project to supply AMOLED display panels in Sichuan province.