Last updated on December 8th, 2022 at 02:12 pm
Xiaomi’s share in Dalian Zhiyun Automation will be 5.63%
According to a source, Xiaomi has invested heavily in the Chinese manufacturer of screens – Dalian Zhiyun Automation. It specializes in the manufacture of LCD panels, OLED screens, and even Mini LEDs. Xiaomi’s investment amounted to about $ 20 million – 15.5 million shares were bought back for this amount. Thus, Xiaomi’s share in Dalian Zhiyun Automation will be 5.63%.
Xiaomi invested $ 20 million in Chinese OLED screen manufacturer
Despite the fact that the company is not at the hearing, it is quite famous in China. Dalian Zhiyun Automation works closely with BOE, Huaxing, Tianma, and Visionox. All of these firms are Samsung rivals in the OLED panel market. It is interesting that, according to the source, at present Dalian Zhiyun Automation is the only company able to supply all the equipment and all the technologies for the production of flexible OLED displays necessary at each stage of production. Of course, the investments were made for a reason: one might think that in the future Xiaomi smartphones will have many Dalian Zhiyun Automation matrices. Including, probably, and flexible OLED screens.
