Everdisplay opens US$4.5b AMOLED plant with biggest clean room in Shanghai

Everdisplay Optronics, a new display technology firm, opened a 27.3 billion yuan (US$4.2 billion) AMOLED display plant that boasts Shanghai's biggest industrial clean room on Monday to produce screens for smartphones and VR devices.

The monthly capacity at the 390,000-square-meter plant, featuring an industrial clean room of 320,000 square meters, is designed to hit 30,000 units once operations are in full swing. The plant supports flexible display, representing the most advanced display technology on the Chinese mainland. 

The company will test equipment in the plant before starting trial production in 2019, it said. 

AMOLED screens are widely used in smartphones, TVs, laptops, tablets, wearable and VR devices, and market demand is booming. Demand in the global OLED (organic light-emitting diode) panel market will hit 1.7 billion units in 2021, up from 300 million units in 2016, according to researcher IHS.

Founded in 2012, Everdisplay's products are used by top smartphone vendors including Huawei and Xiaomi.