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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).
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$285.64 million) with the investment in new display technologies. As the LCD display market becomes weak with severe price competition and low profit, the Chinese government now turns to new display technologies.
December 22, 2019
A new regulation of subsidies revealed that the Guangzhou government is pushing innovative display technology development. They published a notice setting a goal of upgrading the display technology of the province by support companies investing in novel display technologies including OLED, AMOLED, Mini/Micro LED, QLED, printing display, laser display, 3D display, holographic display, e-paper flexible display, grapheme display and others. The government will provide a one-time subsidy of RMB 800 million (US$ 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).
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.
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