BOE boosts its presence in flexible screen production

BOE Technology Group Co Ltd, a leading Chinese supplier of display products and solutions, is doubling down on flexible screens mainly used for smartphones, as well as expanding its presence in internet of things, intelligent retail, vehicle-mounted systems and other emerging industries.

Chen Yanshun, chairman of BOE, said the company is banking on the flexible organic light-emitting diodes (OLED), and the shipment of OLED panels will triple to at least 70 million units next year.

Chen made the remarks at the company's annual Innovation Partner Conference on Tuesday in Beijing. He noted currently the supply of traditional liquid crystal displays (LCD) has surpassed demand, so BOE won't increase its investment in the sector in the future.