In March 2017 OLED maker BOE Technology and OLED Microdisplay maker OLiGHTEK announced a new joint-venture to produce OLED microdisplays for the consumer VR and AR markets. The new venture will establish production fab in Kunming, Yunnan with an annual production capacity of a million OLED microdisplays.
BOE Technology announced a few days ago the structure of this venture has been finalized. Total investment will amount to ¥1.15 billion (around $172 million USD), a bit higher than first announced. BOE will invest ¥670 billion and will hold a 67% stake. OLiGHTEK will invest ¥200 million.
The joint venture received support from the local Dianzhong Industry Development Group which will invest ¥95 million. US-based Kopin Corp will provide the remaining ¥35 million.