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Truly Semiconductors signed an agreement with the Meishan City government to establish a joint venture to construct a 6-Gen AMOLED line and a 5-Gen TFT LCD production line in Meishan, Sichuan, China. The total project cost is estimated at 40.4 billion Yuan (almost $6 billion USD), with the AMOLED fab costing $4.1 billion USD.
“Truly Semiconductors signed an agreement with the Meishan City government (in Sichuan, China) to establish a joint-venture to construct a 6-Gen AMOLED line.”oled-info.com
Summarized from public sources; check the original articles before acting on it.