Emerging Strategic Industries
While managing existing investment in the flat-panel display industry, based on the "Three Identical" principle, adhering to the "Three High" direction, aimed at the new economic directions of artificial intelligence, virtual reality and intelligent manufacturing and focusing on aviation, high technologies and regional economic industries, the Company is also striving to create new competitive advantages in the industry and the high-end value chain through integration of resources, open cooperation, innovation driving and collaborative development .
TIANMA MICROELECTRONICS CO., LTD.
In order to deepen the international strategic layout of AVIC INTERNATIONAL, to give full play the advantages of regional resources and to integrate into the development of Economic Zone on the west coast of the Taiwan Straits, in 2010, the Company participated in the investment in the project of Xiamen Tianma Generation 5.5 Low-Temperature Polysilicon (LTPS) TFT-LCD and CF (G5.5) production line, and established Xiamen Tianma Microelectronics Co., Ltd. The total investment amount is RMB 7 billion and the registered capital is RMB 2.8 billion.
In 2014, the Company and other shareholders jointly increased the capital of Xiamen Tianma Microelectronics Co., Ltd. by RMB 6 billion for Xiamen Tianma G6 Low-Temperature Polysilicon LTPS TFT-LCD and CF (G6) production line project with a total investment of RMB 12 billion.
In 2018, Tianma Microelectronics Co., Ltd. issued additional shares to purchase Xiamen Tianma assets. After completion of the purchase, the Company became one of the ten shareholders of Tianma Microelectronics Co., Ltd. (000050.SZ).