CHINO, Calif., July 20, 2022 /PRNewswire/ -- On June 8th, 2022, Tianma, a leading global manufacturer of flat panel displays, signed a contract to invest in a new display module production line project in Wuhu, Anhui, China. With a total investment of 8 billion RMB ($1.2B), this project is scheduled to begin construction in November 2022 and start mass production in 2H 2024.
Tianma will invest 8 billion RMB ($1.2B) in a new display module production line in Wuhu, Anhui, China.
This module production line will primarily support 6.5- to 40-inch professional display module products (Automotive and Industrial) and IT display module products (including tablet, laptop, monitor, etc.).
"This project will greatly enhance Tianma's ability to fully meet the diversified and incremental needs of our various customers, providing one-stop solutions and ensuring product life cycle quality management," said Charles Peng, the Chairman of Tianma Microelectronics Co. Ltd. "This investment also helps to lay a solid foundation for long-term support and a more strategic engagement with our customers."
This additional investment will specialize in module production capabilities needed for the new G8.6 Panel line, which was announced in April 2022. That new facility will significantly expand Tianma display module production capacity and resources, improving display module market share and competitive advantage.
Furthermore, this new module production line will also enable Tianma to better align with other module needs associated with other Tianma panel production lines, providing advantages of large-scale production, further reducing costs and improving efficiency. It also improves and expands Tianma's industrial and business layout to greatly enhance the company's overall strength in the display field.
About Tianma America, Inc.
Tianma America (TMA) is the leading provider of small- to medium-size display solutions to the Americas market utilizing advanced technologies and manufacturing resources of the Tianma Group Companies, which includes Tianma Micro-electronics (Shenzhen and Shanghai) and Tianma Japan, Ltd. (formerly known as NLT Technologies Ltd.), as well as manufacturing locations in Chengdu, Wuhan, Xiamen, Shenzhen and Shanghai China. Tianma America technologies can be found in smartphones, tablet PCs, industrial and medical instrumentation, wearables, home automation, household appliances, office equipment, and automotive and rear seat entertainment devices. Additional applications include test and measurement systems, instrumentation equipment, point-of-sale and ATM systems, gaming systems, global positioning systems, radio-frequency identification devices and barcode scanners.
Tianma America's technology portfolio comprises TFT, LTPS, Oxide-TFT, AM-OLED, flexible, transparent, 3D, PCAP and In-cell/On-cell integrated touch. With a network of best-in-class distributors and value-added partners, Tianma America provides complete display module solutions for a broad base of customers and applications.
The content in this press release, including, but not limited to, product prices and specifications, is based on the information as of the date indicated on the document, but may be subject to change without prior notice.
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