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CEC Panda to Sell Display Assets to BOE
CEC Panda or at least some of its assets, have been up for sale, with both BOE and ChinaStar expressing interest. On Tuesday, BOE indicated that it intends to purchase 80.63% of the equity in Nanjing Panda’s Gen 8.5 fab and 51% of the company’s Chengdu Gen 8.6 fab. The price for the Nanjing stake is at least $825m but the price for the Chengdu fab was not given. CSoT has recently closed the purchase of Samsung’s Gen 8.5 fab that closed the gap in display capacity leadership and were reportedly in the lead in acquiring the display assets of CEC Panda. But apparently BOE stepped in and outbid CSoT and will now extend their LCD capacity leadership. The two fabs, which are Gen 8.5 and Gen 8.6 are located in Nanjing and Chengdu, and, if the purchase is completed will increase BOE’s raw LCD capacity by 26.9% in 2021, giving them a 30.9% share[1] of the LCD market in terms of raw LCD input capacity, up from 23.8% this year.
CEC Panda or at least some of its assets, have been up for sale, with both BOE and ChinaStar expressing interest. On Tuesday, BOE indicated that it intends to purchase 80.63% of the equity in Nanjing Panda’s Gen 8.5 fab and 51% of the company’s Chengdu Gen 8.6 fab. The price for the Nanjing stake is at least $825m but the price for the Chengdu fab was not given. CSoT has recently closed the purchase of Samsung’s Gen 8.5 fab that closed the gap in display capacity leadership and were reportedly in the lead in acquiring the display assets of CEC Panda. But apparently BOE stepped in and outbid CSoT and will now extend their LCD capacity leadership. The two fabs, which are Gen 8.5 and Gen 8.6 are located in Nanjing and Chengdu, and, if the purchase is completed will increase BOE’s raw LCD capacity by 26.9% in 2021, giving them a 30.9% share[1] of the LCD market in terms of raw LCD input capacity, up from 23.8% this year.
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