IsraelStrategist.com – The Resource on Israel's Economy, Companies & Markets


 
Hebrew French Spanish Portuguese

Globes: Orbotech signs biggest ever Chinese deal

December 5, 2016, 16:39 – The Israeli inspection solutions company has signed a $61 million deal with BOE Technology for very large TV screens.

Electronic device inspection system company Orbotech Ltd. (Nasdaq: ORBK) reported today that BOE Technology, a leading Chinese manufacturer of flat panel displays had chosen its inspection and testing solutions for its Hefei display fabrication facility, which produces next generation flat panel displays for very large size televisions. This is Orbotech’s biggest deal in China so far. The deal and is estimated at $61 million.

As part of the deal, the company will provide machinery enabling mass production of very large TV displays (over 50 inches, produced on giant substrates of about 3 square meters). In the first stage, BOE’s new facility will produce 90,000 flat screens per month; in 2019, it is expected to reach full-scale production of 120,000 screens. Orbotech is to begin supplying the first machines in the first half of 2017. It will receive most of the revenue in 2017 and the rest in 2018……Read More >>

Leave a comment

You must be Logged in to post comment.