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Xiaomi Invests in a Chinese Toolmaker
June 07, 2020
According to a recent report, Xiaomi has invested over CNY 134 million (~$20 million) in Dalian Zhiyun Automation Company and its specialized in the production of LCD, OLED, and mini LED technologies. The smartphone maker will get in return 15,5 million in shares. This is a 5.63% slice of the company’s total. Xiaomi made the deal with Tan Yonliang, the executive owner of the Zhiyun company. The company supplies equipment to BOE, Huaxing, Tianma, and Visionox. The Chinese tool maker also managed to break the monopoly of Japanese and Korean companies in supplying process technology for manufacturing foldable OLED displays, includes equipment for bonding, bending, dispensing, and lamination
June 07, 2020
According to a recent report, Xiaomi has invested over CNY 134 million (~$20 million) in Dalian Zhiyun Automation Company and its specialized in the production of LCD, OLED, and mini LED technologies. The smartphone maker will get in return 15,5 million in shares. This is a 5.63% slice of the company’s total. Xiaomi made the deal with Tan Yonliang, the executive owner of the Zhiyun company. The company supplies equipment to BOE, Huaxing, Tianma, and Visionox. The Chinese tool maker also managed to break the monopoly of Japanese and Korean companies in supplying process technology for manufacturing foldable OLED displays, includes equipment for bonding, bending, dispensing, and lamination
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Barry Young
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