Rumor: Government to Invest in BOE 8G TFT-LCD Facility
China Times, 11/14/08
A source at Chinese TFT-LCD manufacturer BOE Technology (000725.SZ) has revealed that its 8th generation TFT-LCD production line in Beijing is set to begin construction next year with a total investment of RMB 25 bln. The Beijing municipal government and various state-owned enterprises will also increase their investment in the project which will mainly produce 40-inch LCD display screens.
Industry sources have suggested that an official from the National Development and Reform Commission (NDRC) recently telephoned BOE to inquire about the progress of the TFT-LCD project. It is expected that government investment in the 8th generation BOE line will be organized either through China Investment Corporation or the China Development Bank and will consist of direct investments or the establishment of related industry funds.
Keywords: government support 000725.SZ 8G BOE China Development Bank hardware investment NDRC TFT-LCD
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