LIS to supply China's BOE with OLED production equipment
The Korean laser firm continues is expected to continue its stellar streak this year.
2020-05-18 Gijong Lee
LIS will supply equipment used in producing OLED to Chinese display giant BOE, the company announced.
The Korean laser equipment company will supply 48 billion won worth of equipment.
The size of the deal is 33.05% of LIS’s annual sale of 2019 and a huge win for the firm.
The supply deal will last from May 15 to April 7 next year.
Back in March, LIS said it had orders worth over 100 billion won in hand.
The company posted 52.7 billion won in revenue and 4.4 billion won in operating profits for the first quarter, a rise of 130% and 332% from a year ago.
“The recent deal shows that China’s display industry is moving past COVID-19,” a LIS spokesperson said. “We expect good results going forward.”