BOE is apparently investing in Honor, the former subsidiary of Huawei. The company is investing into Honor, which will help strengthen the ties between the two brands while also increasing their competitiveness in the market.
According to a new report, the known Chinese display maker is further reinforcing its relations with Honor. This would make BOE have a better standing in the country’s semiconductor display industrial chain, as per industry experts. The former Huawei sub brand had recently completed a new round of strategic financing from six new investors. This included the likes of BOE, China International Capital Corp Qizhi Equity Investment Center, Gousen Capital and Shenzhen Baoan District Investment Management Group.
Earlier this month, Honor stated that the company has been shifting its focus on “diversifying shareholding structure, and has always adhered to the principle of openness and collaboration.” For those unaware, BOE is a major supplier for various smartphone brands, which includes major clients like Huawei, Xiaomi, Oppo, Vivo, and Honor. The company is also best known for its OLED panel, which competes with Samsung and LG in the market.
As per Zhou Hua, chief analyst at CINNO Researchm “”For Honor, it is important to have a stable and reliable source of display panels as the company is ramping up efforts to expand its presence in the smartphone market.” So the strengthening of relations between the two will only benefit the company.
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(Via)
