Xiaomi invests in Chinese OLED manufacturer Zhiyun

Yordan, 03 June 2020

The leading OLED manufacturer in China is the Dalian Zhiyun Automation Company and it specializes in the production of LCD, OLED, and mini LED technologies. According to the latest information, Xiaomi has invested over CNY143 million ($20 million) and gets in return 15,5 million shares, which is exactly 5.63% of the company’s total.

The deal was done with Tan Yongliang, the executive owner of the Zhiyun company. It is the biggest Chinese company that delivers technologies for imaging panels and works closely with manufacturers like BOE, Huaxing, Tianma, and Visionox - all competitors to Samsung on the OLED scene.

Xiaomi Mi 10 Xiaomi Mi 10

With the rise of LCD panels and the growing demand for smartphones, Zhiyun technologies became a commodity among Chinese manufacturers, making the price of its shares skyrocket on the Shanghai Stock Exchange market. It managed to break the monopoly of Japanese and Korean companies on the domestic scene, and some analysts expect this could happen in the OLED field as well.

Currently, Zhiyun is the only company that can provide the process technology for manufacturing foldable OLED displays, including equipment for bonding, bending, dispensing and lamination.

Xiaomi Mi Note 10 curved edge Xiaomi Mi Note 10 curved edge

One of the major Chinese smartphone companies that rely on local panels is Huawei. The P40 lineup relies primarily on BOE panels for the domestic market where Huawei accounts for 40% of sales. Other popular phones by a Chinese company on the global scene is the Xiaomi Mi Note 10 with curved Visionox panel and both Mi 10 flagships with a Huaxing screen.

Source (in Chinese) | Via


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Reader comments

  • Anonymous

I don't think you got me or I didn't make myself clearer. When it comes to wanting amoled, it is not just a matter of 119 to 120. It is huge. You compromise on basically everything else that really matters when it comes to budget phones. Processor, f...

  • Anonymous

Unless you're one of those PC Master race / Best Specs Master race kind of people, it literally does not matter. You'll just end up not buying any phone because all of them don't have this or that, or that the battery size is just 100mAh too sma...

  • Anonymous

I get your point, but why do you hate amoled so much? Asking for info as I am looking for a phone and all the affordable ones come with lcd while everyone around me wants me to go for amoled, which would mean compromising on othet important stuff whi...

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