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Chapter 671 Low Temperature Polysilicon TFT Technology Private Placement


"Let's go out to dinner......"

The group rested for a while, and Xiao Bai proposed to go out for dinner.This side is indeed not as convenient as Rongcheng, what you want to eat at home and let Master Yu make it.Except for the part-time cleaning workers, there are no cooks at home."

Ah Bai, everyone is tired today, so don't go out.I've already called, and the chef will be there in a minute, so let's have dinner at home. ”Tian Chunxiu only told everyone at this time that she had already found a chef.However, no one lived here after the renovation was completed, so she asked the chef to work in the factory canteen first.This trick was learned from Xiao Bai."

You're a showman!

It's still hiding it from us, huh. ”Liu Xiaoling and Tian Chunxiu argued for a while, and it didn't take long for the chef to walk in with two young people carrying various ingredients.Tian Chunxiu went to the kitchen to arrange dinner, and Xiao Bai took the time to call Shang Liancheng, saying that he would go to the construction site tomorrow morning to have a look."

Xiao Dong, do you want me to send a car to pick you up?"

Shang Liancheng knew that Xiao Bai didn't have a car here, and he had a few cars in his hand, so he was going to send a car to pick up Xiao Bai tomorrow morning."

No, I have a car here."

The car belonged to Tian Chunxiu, and it was Tian Chunxiu's subordinates who picked them up at the airport today.Xiao Bai plans to let He Changfeng buy two cars in the next two days, which can be parked in the villa at ordinary times, and the maintenance and other work can be handed over to his company in the future.There are also many companies in the mountain city.Following.Xiao Bai went out early in the morning, "Xiao Dong, you are welcome to come and inspect." ”Shang Liancheng led several important subordinates to greet Xiao Bai outside the construction site.Xiao Bai didn't talk nonsense, and after shaking hands with a few people one by one, he said, "Let's go, let's go in and have a look, and we'll talk later." ”So, Shang Liancheng accompanied Xiao Bai to go around inside."

Mr.

Shang, your progress is very good, are there any problems with equipment ordering?

Can it arrive on time?

”Xiao Bai came out of the scene, and the monk Liancheng came to the temporary office location together."

There is no problem with the equipment, such as the lithography equipment to be used on the production line, we have used the products of Pudong Microelectronic Equipment Company many times, and the effect is very good."

Shang Liancheng said that the equipment used in the production line is both domestic and imported, but the proportion of domestic equipment is increasing.Due to the full competition of foreign equipment, there is no problem of stuck neck."

That's good!

Mr.

Shang, I have one more thing to discuss with you this time.I hope you will take the time to consider the future direction of the company.At present, both S Star and LG have begun to increase investment in OLED display technology, and we should also plan to build OLED production lines in a timely manner. ”Xiao Bai monk Lian Cheng talked about his thoughts, if there was no need to worry before, then at this node, we must consider the problem of OLED display capacity.The production capacity cannot be achieved overnight, the factory has a construction cycle, and then there is a process from trial production to mass production, which must be laid out in advance."

Xiao Dong, our factory in Rongcheng has reserved the conditions for the construction of multiple production lines in turn.I've also thought about this recently, and if you want to build a new production line in the future, it's best to start small. ”Shang Liancheng has been tracking the development of the world's latest display technology, and he suggested that Xiao Bai could launch a 5.5 generation low-temperature polysilicon (LTPS)\LCD\AMOLED production line in the future, and produce LCD displays and OLED screens at the same time.Times Optoelectronics and Times Science and Technology Research Institute have not only conquered (Oxide) oxide TFT technology, but also conquered (LTPS) low-temperature polysilicon TFT technology."

Xiao Dong, my strategy is to bet on oxide TFT and low-temperature polysilicon TFT at the same time, both in size and size.As for OLED, there is no need to be in a hurry, with these two technologies in hand, the display effect of the LCD panel can be better and better, and there is still great potential to be tapped. ”Shang Liancheng talked for more than half an hour, during which Xiao Bai did not interject, and listened very attentively.After the other party finished speaking, he spoke: "Mr.

Shang, you mean to build a 5.5 generation (LTPS) TFT line to produce LCD displays and OLED screens at the same time?"

I'll think about this plan again, and we'll talk about it later. ”Xiao Bai asked Shang Liancheng to take the time to make a detailed plan, and he needed to go through repeated arguments before he could talk about the implementation of the project.At noon, Xiao Bai invited Shang Liancheng and others out for a meal, and then ended today's inspection trip.Afternoon.Xiao Bai accompanied Liu Xiaoling, Tian Chunxiu and others to go shopping together.In the evening, I found a restaurant on the street to eat, and when I returned to the villa, it was almost nine o'clock."

Bai, what do you want?"

After Liu Xiaoling and Tian Chunxiu came back, they talked about the two children taking a bath and sleeping, Xiao Bai went to take a shower, and sat in the study drinking tea and thinking about the problem.Tian Chunxiu finished his work and walked in, just seeing Xiao Bai in a daze."

Oh, thinking about something at work.With the development of Times Optoelectronics to the present, I am faced with the problem of choice, and I must think about it clearly. ”Xiao Bai responded with a smile.Tian Chunxiu sat beside him, first helped Xiao Bai add a little tea, and then poured himself another cup."

Ah Bai, don't worry too much, the development achievements of Times Optoelectronics are obvious to all, take your time in everything."

The two chatted for a while, and Liu Xiaoling also walked in."

We just don't have one of the three, otherwise we can play a few rounds of mahjong while the little ones are asleep.So, let's play poker, how about hoeing the ground?

”Xiao Bai put aside the thoughts in his mind and pulled Tian Chunxiu and Liu Xiaoling to play poker together for a while.In any case, people come out with him for a vacation, and they can't talk about work all day.Following.Xiao Bai went to the city to visit several departments, and the Times Department already has a lot of projects in the mountain city, and it is indispensable to need the support of the city in the future.Courtesy visits are still necessary.Three days later.Xiao Bai and Liu Xiaoling took Chenchen and Ziyu to Rongcheng.Tian Chunxiu needs to stay in Shancheng for a while, and the vaccine factory in Shancheng needs to be expanded, and she also has a bunch of things to deal with.In Rongcheng, Xiao Bai and Chen Yisheng had a good chat.The other party also tends to walk on two legs, try to tap the potential of LCD panels, and at the same time begin to gradually build the production capacity of OLED panels."

I think the top priority is to continue to polish TFT technology, whether it is (a-Si) TFT, (Oxide) TFT, or (LTPS) TFT, we must continue to improve."

Chen Yisheng advised Xiao Bai not to be impatient, Times Optoelectronics will not be distanced by South Korean companies such as S Star in terms of technology.LCD and OLED belong to two different types of display technology, LCD is to control the adjustment of liquid crystal molecules to the backlight by an electric field to achieve display.OLED, on the other hand, directly realizes the display through current drive.LCD and OLED can be divided into passive PM display and active AM display, the difference between PM and AM is whether it is driven by TFT, AM display is driven by TFT, PM display is only used for lighting, electronic signage, bracelets, calculators and other products.Therefore, for Times Optoelectronics, TFT technology is fundamental.On this basis, Times Optoelectronics has mastered oxide TFT-LCD technology, as well as oxide TFT-OLED technology.In addition, it has mastered low-temperature polysilicon TFT-LCD technology and low-temperature polysilicon TFT-OLED technology.From a technical point of view, especially TFT technology, Times Optoelectronics and S Star, LG and other companies are equally divided, and the gap is only reflected in the production capacity of OLED panels.Chen Yisheng spoke in detail, and then he expressed his support for launching a 5.5-generation low-temperature polysilicon (LTPS) TFT production line in the future, producing LCD and OLED panels at the same time.Xiao Bai stayed in Rongcheng for two days, and then returned to Shencheng.A week later.Shang Liancheng made a plan to build a 5.5 generation LTPS\LCD\AMOLED production line and passed it to Xiao Bai.The total investment of this production line is 22 billion yuan, and the construction period is 24 months.After Xiao Bai got the plan, he handed it over to the Times Science and Technology Research Institute for project feasibility assessment.The time required for this work is not short, about three months.He did not urge Zhou Siyi, and in the process of waiting patiently, the domestic regulatory authorities approved the private placement application of Times Optoelectronics Co., Ltd."

Mr.

You, how is the matter of your contact?

Which companies or institutions are willing to participate in this round of private placement of Times Optoelectronics?

”Juvinson came to Xiao Bai with the approval of the relevant department, and Xiao Bai happened to ask if the task he had given to the other party had been completed."

Chairman Xiao, in fact, the company's major shareholders are willing to participate in this private placement.In addition, a number of institutions in the securities market have expressed strong interest in this matter. ”Juvinson said that at present, the market is very favored by LCD panel concept stocks, and the stock prices of LCD panel companies such as Times Optoelectronics have risen significantly, and there is no problem with fixed increase."

That's good!

Mr.

You, Mr.

Shang is responsible for the construction of the production line in Shancheng, and you have to worry more about the fixed increase of Times Optoelectronics. ”Xiao Bai listened to Juwenson's words, and he had a bottom in his heart."

Dong Xiao, don't worry, I will take care of this matter."

Juvinson smiled slightly, this kind of thing is already familiar to him, and there is no possibility of any mistakes.Next, Times Optoelectronics Co., Ltd. held a meeting of the board of directors and an extraordinary general meeting of shareholders in accordance with the rules, and the private placement began to enter the substantive operation stage.In this round of private placement, Times Optoelectronics Co., Ltd. will issue 1 billion ordinary shares to seven institutions.After inquiry, the additional issue price was determined at 27 yuan per share.Xiao Bai thought about it for a while, and after negotiation with the original shareholders of the company, it was decided that the old shareholders would not participate in this round of additional issuance.All participating institutions are new shareholders.Things have come to this point, and they are moving fast.Times Optoelectronics Co., Ltd. immediately completed this round of private placement, raising a total of 27 billion yuan.After the completion of the financing, the total share capital of Times Optoelectronics Co., Ltd. increased to 4.6 billion shares.Among them, Times Optoelectronics (Holdings) Co., Ltd. accounts for 34.78% of the shares and is the largest shareholder of the company.Times Technology Group holds 10.87% of the company's shares, making it the second largest shareholder of the company.The total shareholding ratio of related shareholders is 45.65%, and although they have lost their controlling stake in the listed company, they are still the undisputed actual controllers.The shareholding ratio of other shareholders is less than 10%, which cannot affect the company's decision-making."

Xiao Yang, inform the committee members that a meeting of the decision-making committee will be held at 9 o'clock in the morning of the day after tomorrow in the conference room of the headquarters park.Leave is not allowed unless there are special circumstances. ”After successfully completing this round of additional issuance, Xiao Bai decided to convene a meeting of the decision-making committee to discuss the specific implementation plan proposed by Shang Liancheng."

Okay, Dong Xiao, I'll do it right away."

Yang Yan didn't say a word, and went to issue the notice of the meeting.Two days later.Morning.Xiao Bai came to the conference room on time, and all the participants had already arrived, so he sat down and announced the meeting."

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Ladies and gentlemen, the information in your hands is Mr.

Shang's specific plan for the construction of the 5.5th generation LTPS\LCD\AMOLED production line of Times Optoelectronics.While watching, let Mr.

Chen introduce the main points to you......

"Due to the heavy construction tasks on the mountain city, Chen Yisheng attended the decision-making committee meeting this time, responsible for answering the questions of the committee members and accepting questions."

Okay, Xiao Dong."

Chen Yisheng immediately stood up and walked to the podium.In the audience, the committee members listened to Chen Yisheng's narration while reading the materials, and basically knew the construction plan.After Chen Yisheng finished speaking, Xiao Bai nodded at him with a smile, and returned to his seat."

Everyone, if you have any thoughts or comments, please bring them up."

Xiao Bai was not verbose, waiting for everyone to speak."

Let me start with that.There is nothing wrong with Mr.

Shang's plan, from a technical point of view, as a world's No. 1 LCD panel company, Times Optoelectronics must not have obvious shortcomings. ”Xu Changqing was the first to speak, he believes that Times Optoelectronics should master all TFT technology, and go hand in hand in LCD and OLED technology."

However, will it be a bit difficult to produce LCD screens and OLED screens on one line at the same time?

After all, Times Optoelectronics only had a 4.5 generation OLED production line before. ”Xu Changqing didn't object to this plan, he was just a little worried.Times Optoelectronics' 4.5 generation OLED production line adopts LTPS\AMOLED technology.The company also has an 8.5 generation Oxide\LCD production line under construction, but LTPS\LCD technology has not been applied to actual production.Now that the two lines use different technologies, can the yield rate and production capacity be guaranteed?"

Mr.

Chen, you can explain."

Xiao Bai looked at Chen Yisheng and asked him to answer this question."

Mr.

Xu, everyone.Technically, we're still sure. ”Chen Yisheng answered Xu Changqing's doubts, the two technologies are actually the same, but the substrates used are different, and the drivers are LTPS-TFT.Moreover, both LTPS-LCD and AMOLED displays can be used in high-end products, and there is no obvious difference in terms of display effect alone.Chen Yisheng spoke for ten minutes, and everyone present understood it.Once the more technically difficult TFT technology has been mastered, the rest of the things will fall into place.When he finished speaking, Xu Changqing took the lead in applauding, and then everyone followed."

Ladies and gentlemen, it seems that Mr.

Chen's reply is very satisfactory to you, so this question is over.Xiao Bai also gave Chen Yisheng a warm applause, and after the venue was quiet, he signaled the meeting to continue.