Xiaomi Acquires More Than 5% Shares of the Chinese OLED Manufacturer Zhiyun
The leading manufacturer of OLEDs in China is the Dalian Zhiyun Automation Company, which specializes in LCD, OLED, and mini LED technologies. According to the latest information, Xiaomi has invested more than CNY143 million ($20 million) and gets 15.5 million shares in return, which is exactly 5.63 per cent of the total company.
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The deal had been made with Tan Yongliang, the Zhiyun company’s executive owner. It is the largest Chinese company providing imaging panel technology and working closely with manufacturers such as BOE, Huaxing, Tianma, and Visionox-all of Samsung ‘s competitors in the OLED arena.
With the rise of LCD panels and the increasing demand for smartphones, Zhiyun technologies became a commodity among Chinese manufacturers, making the price of their shares skyrocket on the Shanghai Stock Exchange. It has managed to break the domestic scene monopoly of Japanese and Korean firms, and some analysts expect this could also happen in the field of OLED.
Zhiyun is currently the only company able to provide process technology for manufacturing foldable OLED displays including bonding, bending, dispensing and laminating equipment.
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Huawei is one of the major Chinese smartphone companies relying on the local panels. The P40 lineup mainly relies on domestic market BOE panels where Huawei accounts for 40 percent of sales. Other popular phones on the global scene by a Chinese company are the Xiaomi Mi Note 10 with curved Visionox panel and both Mi 10 flagships with a Huaxing screen.
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