On December 24, Mianyang Investment Holdings (Group) Co., Ltd. (hereinafter referred to as Mianyang Investment) and Shenzhen HKC Corporation Limited (hereinafter referred to as HKC) signed a capital increase agreement worth ¥2.4 billion (approximately $330 million). This marks the beginning of a new round of cooperation between Mianyang Investment and the HKC Group, potentially providing new momentum for the development of Mianyang City’s emerging display industry cluster.
About HKC and Mianyang Investment
Founded in 2001, HKC is a high-tech, group-based company specializing in the research, production, and sales of video consumer electronics products. It has become one of China’s three largest manufacturers of large-sized LCD panels, with a stable brand, customer resources, and an established presence in overseas markets.
Founded in 1999, Mianyang Investment is an AA+ state-owned capital investment and operation company under the Mianyang State-owned Assets Supervision and Administration Commission (SASAC). As Mianyang City’s largest urban investment platform, Mianyang Investment had a total asset value of ¥133.6 billion (approximately $18.4 billion) by the end of 2023.
Cooperation History Between HKC and Mianyang Investment
The cooperation between these two companies began in 2018, when HKC invested in building an 8.6th-generation Thin Film Transistor Liquid Crystal Display (TFT-LCD) project in Fucheng District, Mianyang City. This project has a total investment of ¥24 billion (approximately $3.3 billion), with Mianyang Investment contributing ¥14.2 billion (approximately $1.96 billion). Spanning approximately 1000 acres, the project primarily produces IPS LCD panels for use in smartphones, smart wearables, automotive displays, and LCD TVs. The project’s monthly production capacity is 120,000 panels, with glass substrates measuring 2250mm x 2600mm. Signed and initiated in 2018, the project officially began production in April 2020. In 2022, Mianyang Investment further invested ¥2.5 billion (approximately $340 million) to upgrade and expand the facility. After full-scale production, the monthly capacity will increase to 210,000 panels, with an annual output of 8.064 million 24-inch LCD modules or 880,000 65-inch modules.
Further Expansion in 2021 and 2024
In 2021, Mianyang Investment further invested in the Mianyang HKC Display Module Production Line Project, which has a total investment scale of ¥5 billion (approximately $680 million).
In 2024, HKC and Fucheng District, Mianyang City signed an agreement for a ¥10 billion (approximately $1.36 billion) investment in a Mini-LED and high-power chip thermal dissipation packaging project. The Mini-LED project, with a total investment of ¥7 billion (approximately $960 million), will include the construction of a Mini-LED chip production line, including epitaxy, cleaning, and exposure production processes, as well as the production lines for backlight modules and direct-view modules.
Disclaimer: The views and opinions expressed in this article are those of the original authors and do not necessarily reflect the official policy or position of MiniMicroLED Insights . While we strive to ensure the accuracy and reliability of the information provided, the content on this website may include translations, re-edited versions of second-hand information, or information derived from unverifiable sources. MiniMicroLED Insights makes no representations or warranties, express or implied, regarding the completeness, accuracy, or timeliness of such content. The information in this article is for informational purposes only and should not be construed as professional advice. Any reliance you place on such information is strictly at your own risk. To the fullest extent permitted by law, MiniMicroLED Insights disclaims all liability for any direct, indirect, incidental, consequential, or punitive damages arising out of your use of, or reliance on, the information contained in this article.
Copyright Notice: This article may include translated and re-edited content derived from various online sources, including websites and social media platforms. While we strive to credit the original authors and sources to the best of our ability, we may not always be able to verify the original source of the content. All rights to the original content remain with the original author or source publication. Where applicable, this content is reproduced for educational and informational purposes under the fair use doctrine. If you believe any content on this site infringes upon your intellectual property rights, or if you are the copyright owner and believe we have not credited you correctly, please contact us at minimicroled.business@gmail.com. We will investigate and take corrective action, including removing or properly crediting the content if necessary.
Content sourced and adapted by MiniMicroLED Insights (Doris).