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Chinese display maker BOE eyes VR market with new $4bn factory

Industry giant hopes to return to profit by investing in next-generation tech

BOE is the world leader in LCD displays, but is betting big on new high-end display technology. (Photo by Hideaki Ryugen)

SHANGHAI - China's BOE Technology Group, one of the world's largest display manufacturers, plans to build a massive new factory in Beijing, as it looks to next-generation technology for new revenue streams.

BOE will invest 29 billion yuan ($4 billion) in the 600,000 sq. meter factory, according to Sunday's announcement, with an eye toward expanding into markets for new technologies, such as panels for virtual reality (VR) devices, and a new type of high-end panel called mini-LED.

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