On April 12, Tianma Microelectronics Co.,Ltd revealed the plan that it will partner with Xiamen International Trade Holding Group Co., Ltd to invest CNY 33 billion to build a product line categorizing the 8.6 generation a-Si and IGZO LCD panel.
Founded in 1983, Tianma Microelectronics Co.,Ltd (天马微电子) specializes in providing state of the art display solutions and associated support services worldwide. The displays include products based on passive, TFT- and LTPS-technology, as well as colour filters and backlights. As it has been recognized as a leader of small and medium size display products and technologies, Tianma’s market share for LTPS, TFT, and LCD smartphone display ranked first worldwide in 2019.
This new announcement indicates Tianma's ambition to construct a high-valued LCD panel. In 2021, Tianma disclosed their business performance, achieving a revenue of CNY 31.83 billion with an increase of 8.88%. Its attributable net profit jumped by 4.61% to CNY 1.54 billion. This product line also integrates with IT display in flat panels, notobooks, and other dislay applications in the target product market.
Regarding the new 8.6 generation line, Tianma stated that it will be used in new energy automotive industry and car display integrating with fast-developing technologies. This new product line is expected to have strong market demand in the panel display industry, which will further boost the small and medium-sized markets to grow.
The registered capital of the joint venture project company is 19.8 billion yuan. Among them, Xiamen Tianma invested 2.97 billion yuan, holding 15% of the equity of the joint venture project company; the partners invested a total of 16.83 billion yuan, holding a total of 85% of the equity of the joint venture project company.