The 8 billion yuan project was launched, and the Wuhu Municipal Government and Tianma Microelectronics signed an investment cooperation agreement: mass production in 2024

On June 8, the Wuhu Municipal Government and Tianma Microelectronics Co., Ltd. signed a new display module production line project investment cooperation agreement, and the Jiujiang District Government and Tianma Microelectronics Co., Ltd. signed a supplementary agreement to the new display module production line project investment cooperation agreement

It is reported that the total investment of the new display module production line project is 8 billion yuan. The project is located in Beiwan Intelligent Equipment Industrial Park, covering an area of ​​about 650 acres. According to the plan, construction will start in November 2022, mass production in April 2024, and full production in 2027, forming a monthly production capacity of 5.2 million new display modules, with an annual output value of not less than 12 billion yuan.

On May 27, Shentianma announced that according to the company’s development strategy plan, the company plans to jointly invest with its partners Wuhu Industrial Investment Fund and Jiu Chuang Investment Fund to establish a joint venture project company, and the joint venture project company will build a new type of display in Wuhu City, Anhui Province. Module production line project, with a total investment of 8 billion yuan. The registered capital of the joint venture project company is 4.8 billion yuan. Among them, Shen Tianma invested 2.5 billion yuan and held 52.08% of the equity of the joint venture project company; the partners invested a total of 2.3 billion yuan and held a total of 47.92% of the equity of the joint venture project company.