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BOE Technology Chairman Wang Dongsheng discusses the keys to success in the IoT age on Nov. 7. (Photo by Kosaku Mimura)
Business

Innovate or die, says chief of China's top panel maker

BOE Technology branches out to harness IoT opportunities

SHOTARO TANI, Nikkei staff writer | China

TOKYO -- Innovation offers businesses the only path for survival in the age of connected devices and artificial intelligence, Wang Dongsheng, chairman of Chinese display maker BOE Technology Group, said on Tuesday.

"BOE ensures at least 7% of our revenue goes to research and development every year, and in some years it could reach more than 10%," Wang told the Nikkei Global Management Forum in Tokyo. "Some said we were 'crazy,' but in my view it is 'crazy' not to invest in R&D and not to insist on technology innovation. ... We have to rely on innovation."

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