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Guangzhou Government Funding $114m in Advanced Display Development 
December 22, 2019

A new regulation of subsidies revealed that the Guangzhou government is pushing innovative display technology development.  They published a notice setting a goal of upgrading the display technology of the province by support companies investing in novel display technologies including OLED, AMOLED, Mini/Micro LED, QLED, printing display, laser display, 3D display, holographic display, e-paper flexible display, grapheme display and others. The government will provide a one-time subsidy of RMB 800 million (US$ 114.3 million) to companies that begin trial production for related display technologies. These companies have to meet the requirements of a registered capital no less than RMB 10 billion (US$ 1.43 billion) and an equipment investment no less than RMB 20 billion (US$ 2.86 billion).
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In addition, if a company reaches a revenue of RMB 6 billion (US$ 857.21 million) for the first time, it can also receive a one-time reward of RMB 600 million (US$85.72 million). If the company grow by double in the next year with a revenue of RMB 12 billion (US$ 1.71 billion), it can again apply for a subsidy of RMB 600 million (US$85.72 million). According to the current regulation, a company can be awarded up to RMB 2 billion (US$285.64 million) with the investment in new display technologies. As the LCD display market becomes weak with severe price competition and low profit, the Chinese government now turns to new display technologies.