Xiaomi has just invested in the top OLED manufacturer in China. The smartphone vendor has invested 143 million Yuan (roughly 20 million US Dollars) in Dalian Zhiyun Automation Company, which specializes in making LCD, OLED and even mini LED display technology.
The amount Xiaomi has invested in Zhiyun accounts for about 15.5 million shares in the company. This translates to exactly 5.63 percent of Zhiyun’s total share value. For those unaware, Zhiyun is China’s biggest company that deals in display technology and has worked with other known industry names like BOE, Huaxing, Tianma, and Visionox.
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These brands also rival the South Korean tech giant, Samsung, which is one of the largest OLED manufacturers in the world. The company roles in the market also increased with the massive demand for smartphone and display technologies like LCD. This caused the market price of its share to skyrocket in the Shanghai Stock Exchange, breaking the monopoly of Japanese and South Korean companies in the Chinese market.
Now, analysts claim that a similar trend could be witnessed with Zhiyun’s OLED technology, including research into flexible displays, bonding, dispensing, and lamination technology. With the companies trying to shift more towards local sourcing, Zhiyun and other display based companies may soon see an influx of orders from Chinese vendors.
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(Via)
