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BOE Technology
BOE Technology Group Co., Ltd., or Jingdongfang (Chinese: 京东方科技集团股份有限公司), is a Chinese electronic components producer founded in April 1993. Its core businesses are interface devices, smart IoT systems and smart medicine and engineering integration. BOE is one of the world's largest manufacturers of LCD, OLEDs and flexible displays.
The company's predecessor was a state-owned enterprise, Beijing Electron Tube Factory. In April 1993, Beijing Oriental Electronics Group Co., Ltd was founded by Wang Dongsheng. In 1997, it listed B shares on the Shenzhen Stock Exchange. In 2001, Beijing Oriental Electronics was renamed BOE Technology Group Co., Ltd. BOE acquired SK Hynix's STN-LCD and OLED businesses for US$22.5 million. Issued additional A shares in Shenzhen Stock Exchange. In 2003, BOE acquired SK Hynix's Hydis flat-panel display businesses for US$380 million.
BOE built China's second 5th generation LCD production line in Beijing's Yizhuang Special Development Zone. The production line was technologically advanced for the time and costly. China Development Bank and the Beijing city government assembled a group of nine banks to loan BOE US$740 million. The Beijing City government provided a further loan of 280 RMB, which it converted to shares of the company and sold for a substantial profit.
In 2008, Hefei's local government spent US$3.5 billion for a controlling ownership stake in BOE.
In 2009, BOE Energy Technology Co., Ltd was founded to enter the photovoltaics industry. In 2010, BOE acquired Suzhou Gaochuang Electronics' Taipei Display Research Center and AIO Manufacturing Plant. BOE also acquired K-Tronics for an undisclosed amount.[citation needed]
In 2011, BOE established a Japan branch and R&D center in Tokyo. In 2012, BOE established an American branch and R&D center in Santa Clara in Silicon Valley, California. In 2014, BOE established a subsidiary in Frankfurt, Germany. In 2015, BOE acquired OASIS International Hospital.
In 2016, BOE acquired automotive displays maker Varitronix for RMB60.1 million. It set up a subsidiary in New Delhi, India.
In 2017, BOE established its Middle East Branch in Dubai and set up a subsidiary based in São Paulo, Brazil. BOE also announced its plan to build a hospital in Chengdu which will be opened in late 2020. BOE announced a long-term agreement with Universal Display Corporation, UDC will supply phosphorescent OLED materials to BOE. According to IHS Markit, BOE became shipped the most displays larger-than-9-inch for tablets, notebook PCs and monitors. However LG Display still lead in terms of area shipment.
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BOE Technology
BOE Technology Group Co., Ltd., or Jingdongfang (Chinese: 京东方科技集团股份有限公司), is a Chinese electronic components producer founded in April 1993. Its core businesses are interface devices, smart IoT systems and smart medicine and engineering integration. BOE is one of the world's largest manufacturers of LCD, OLEDs and flexible displays.
The company's predecessor was a state-owned enterprise, Beijing Electron Tube Factory. In April 1993, Beijing Oriental Electronics Group Co., Ltd was founded by Wang Dongsheng. In 1997, it listed B shares on the Shenzhen Stock Exchange. In 2001, Beijing Oriental Electronics was renamed BOE Technology Group Co., Ltd. BOE acquired SK Hynix's STN-LCD and OLED businesses for US$22.5 million. Issued additional A shares in Shenzhen Stock Exchange. In 2003, BOE acquired SK Hynix's Hydis flat-panel display businesses for US$380 million.
BOE built China's second 5th generation LCD production line in Beijing's Yizhuang Special Development Zone. The production line was technologically advanced for the time and costly. China Development Bank and the Beijing city government assembled a group of nine banks to loan BOE US$740 million. The Beijing City government provided a further loan of 280 RMB, which it converted to shares of the company and sold for a substantial profit.
In 2008, Hefei's local government spent US$3.5 billion for a controlling ownership stake in BOE.
In 2009, BOE Energy Technology Co., Ltd was founded to enter the photovoltaics industry. In 2010, BOE acquired Suzhou Gaochuang Electronics' Taipei Display Research Center and AIO Manufacturing Plant. BOE also acquired K-Tronics for an undisclosed amount.[citation needed]
In 2011, BOE established a Japan branch and R&D center in Tokyo. In 2012, BOE established an American branch and R&D center in Santa Clara in Silicon Valley, California. In 2014, BOE established a subsidiary in Frankfurt, Germany. In 2015, BOE acquired OASIS International Hospital.
In 2016, BOE acquired automotive displays maker Varitronix for RMB60.1 million. It set up a subsidiary in New Delhi, India.
In 2017, BOE established its Middle East Branch in Dubai and set up a subsidiary based in São Paulo, Brazil. BOE also announced its plan to build a hospital in Chengdu which will be opened in late 2020. BOE announced a long-term agreement with Universal Display Corporation, UDC will supply phosphorescent OLED materials to BOE. According to IHS Markit, BOE became shipped the most displays larger-than-9-inch for tablets, notebook PCs and monitors. However LG Display still lead in terms of area shipment.