BOE ramps up R&D, AI integration; seeks growth drivers in emerging biz

BOE Technology Group Co Ltd, a major Chinese display panel maker, is expanding its presence in emerging business segments like solar cells, and bolstering the integration of artificial intelligence technology with manufacturing, operation and products to achieve sustainable development, said a senior executive of the company.

Feng Qiang, CEO of BOE, said the company is transitioning from a semiconductor display enterprise into an internet of things firm, with about 7 percent of its annual revenue spent on technological research and development, especially in low-power consumption technology.

According to Feng, the company has launched an AI Plus strategy to advance the deeper application of AI in areas such as intelligent manufacturing, product innovation and operation management, in a bid to enhance product competitiveness, reduce resource waste, lower production costs and improve operational efficiency.