Display equipment maker Invenia has clinched a 65 billion won supply deal with HKC of China, the company said on Friday.
The amount of the deal is level with that of its sales for the first half of 2020, which was 66.9 billion won.
The contract will last until August 19.
Invenia’s main good its its dry etching equipment that uses plasma to cut out unnecessary parts of the metal layer atop thin film transistors.
Earlier, the South Korean company clinched a 104.3 billion won supply deal with HKC in September.
The latest supply deal is its third with the Chinese firm.
HKC will move to organic light emitting diode (OLED) panel after its investment this time around for Liquid Crystal Display (LCD) is finished, an Invenia spokesperson said. The move will allow the South Korean company to expand in the OLED market, they added. The company has previous supplied its OLED equipment to LG Display.
Chinese display companies BOE, CSOT, Visionox, Tianma and HKC are all investing in OLED panels.