BOE Technology

History

The company's predecessor was a state-owned enterprise, Beijing Electron Tube Factory. In April 1993, Beijing Oriental Electronics Group Co., Ltd was founded by Wang Dongsheng. In 1997, it listed B shares on the Shenzhen Stock Exchange. In 2001, Beijing Oriental Electronics was renamed BOE Technology Group Co., Ltd. BOE acquired SK Hynix's STN-LCD and OLED businesses for US$22.5 million. Issued additional A shares in Shenzhen Stock Exchange. In 2003, BOE acquired SK Hynix's Hydis flat-panel display businesses for US$380 million.

BOE built China's second 5th generation LCD production line in Beijing's Yizhuang Special Development Zone. The production line was technologically advanced for the time and costly. China Development Bank and the Beijing city government assembled a group of nine banks to loan BOE US$740 million. The Beijing City government provided a further loan of 280 RMB, which it converted to shares of the company and sold for a substantial profit.

In 2008, Hefei's local government spent US$3.5 billion for a controlling ownership stake in BOE.

In 2009, BOE Energy Technology Co., Ltd was founded to enter the photovoltaics industry. In 2010, BOE acquired Suzhou Gaochuang Electronics' Taipei Display Research Center and AIO Manufacturing Plant. BOE also acquired K-Tronics for an undisclosed amount.

In 2011, BOE established a Japan branch and R&D center in Tokyo. In 2012, BOE established an American branch and R&D center in Santa Clara in Silicon Valley, California. In 2014, BOE established a subsidiary in Frankfurt, Germany. In 2015, BOE acquired OASIS International Hospital.