Recent reports indicate that the controlling shareholder of Dalian Zhiyun Automation Co., Ltd. announced the transfer of its 5.37% stake in Xiaomi Group. As a result, Xiaomi Group will become the company’s fourth-largest shareholder.
Dalian Zhiyun Automation Company currently holds a leading position in the Chinese display module production equipment. Its core business is the display module segment, covering LCD, OLED, and mini LED technologies.
It is reported that foldable OLED screen module equipment, including bonding, bending, dispensing, and laminating, has been independently developed in China. This has broken the monopoly of Japan and South Korea in the display sector.
Zhiyun’s production equipment has been introduced into domestic display manufacturing factories, including BOE, CSOT, Tianma, and Visionox. As an indirect display supplier for major brands such as Apple, Huawei, and Xiaomi, its products are widely used in the electronic devices of these well-known brands.
Zhiyun has become a leading domestic manufacturer of OLED equipment. In the LCD era, it broke the monopoly of Japanese and Korean companies on LCD module packaging equipment and was once an indirect supplier for Apple and Huawei.
Between 2018 and 2019, Zhiyun Company conducted extensive research and development on OLED equipment. Currently, Chinese manufacturers are developing in sync with Samsung. Domestic OLED equipment participates in the construction of OLED production lines, laying a solid foundation for the future development of China’s OLED industry.
Reports indicate that Xiaomi is vigorously supporting the local display industry. In 2019, the Xiaomi CC9 Pro became the first phone to achieve mass shipment of Visionox OLED flexible screens and successfully entered the European market. In 2020, it was reported that Xiaomi planned to use CSOT displays in its high-end phones, such as the Xiaomi 10.
Xiaomi will collaborate with display companies to jointly develop new technologies and processes in the future. The company has invested tens of billions of dollars in over 300 enterprises, focusing on the research and development of core technologies in smart manufacturing, industrial robotics, advanced equipment, and semiconductors.