BOE riding high on OLED boom, internet of things

Chinese display panel maker BOE Technology Group Co Ltd will invest more than 100 billion yuan ($14.05 billion) in technological research and development by 2030, and is doubling down on new-generation semiconductor displays represented by organic light-emitting diodes, a top company executive said.

Chen Yanshun, chairman of BOE, said the company has accumulated core technological capabilities in the training of artificial intelligence-powered models, big data and the internet of things, and is focusing on bolstering the integration of AI with the manufacturing sector in hopes of empowering semiconductor displays by leveraging cutting-edge AI technology.

Chen made the remarks during the BOE Global Innovation Partner Conference 2024 — the company's annual gathering for global partners in the display industry — which kicked off on Wednesday in Beijing. He highlighted BOE's transformation from a display supplier to an innovation-oriented internet of things firm.