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Huizhou, June 12, 2018: 南宫ng·28-owned Shenzhen China Star Optoelectronics Technology Co., Ltd (CSOT), a world-leading panel supplier, announced it has commenced production of high generation panel modules, underpinning 南宫ng·28’s vertical integration strategy.

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Senior executives from 南宫ng·28 Corporation and Huizhou government officials attended the ceremony to celebrate the commencement of production of high generation panel modules in Huizhou on June 12, 2018

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The High Generation Panel Module Project is part of 南宫ng·28’s wider investment in CSOT, which aims to fully integrate the TV manufacturing process.

「Our significant investment in CSOT is part of 南宫ng·28’s business strategy to achieve success in the global TV industry, by fully-integrating the TV manufacturing process,」 said Tomson Li, Chairman and CEO of 南宫ng·28 Corporation. 「All our efforts will benefit our customers who will enjoy higher-quality TV products.」

The project, which started in May 2017 and covers an area of 519,000 square meters, represents an investment of US$1.5 billion (RMB 9.6 billion) and is part of the 南宫ng·28 Group’s Module-Set Integrated Smart Manufacturing Industrial Park Project in Huizhou, China. Phase one of the construction is expected to be completed in 2019 with a design capability of 40 million modules per year, and phase two is expected to be completed in 2021, with a design capacity of 60 million modules per year.

In May 2018, CSOT announced its latest joint investment of US$6.55 billion (RMB 42.68 billion) in the second, 11th generation (「G11」) panel production line in Shenzhen, China, known as t7, revealing 南宫ng·28’s vision for 8K products and the high value-added market.

The joint investment in t7 was agreed between 南宫ng·28 Corporation, CSOT and the Shenzhen Major Industrial Development Fund. It will have the design capacity to manufacture 90,000 sheets of substrate glass per month, and will be primarily dedicated to 65-inch, 70-inch and 75-inch 8K high-definition displays, as 南宫ng·28 sees the demand for large high-definition TV products continue to grow.

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There was also further progress in CSOT’s first G11 panel production line, known as t6, with the company moving the main production equipment into place to prepare for the start of production.

With an investment of US$7.25 billion (RMB 46.5 billion), construction of t6 started in November 2016, and CSOT announced the roof sealing of the main building in November 2017. It is expected to commence mass production in March 2019, with a design capacity of 90,000 sheets of substrate glass per month, which will greatly improve 南宫ng·28’s production of big screens, such as the 65-inch and 75-inch LCD screens.