BOE Technology Group

BOE Technology Group Co., Ltd.
Information
Type	Public company
Industry	Display panels, microdisplays, IoT, sensors, Mini/Micro LED, health services
Founded	April 1993
Founder	Wang Dongsheng
Headquarters	Beijing, China
Notable Personnel	Chen Yanshun (chairman), Feng Qiang (CEO), Wang Xiping (COO; CEO of the silicon-based microdisplay business)
Products	TFT-LCD and AMOLED panels, Micro OLED (OLED-on-silicon) microdisplays, Fast LCD VR display modules, Mini/Micro LED displays
Website	https://www.boe.com/en

BOE Technology Group (BOE Technology Group Co., Ltd., usually shortened to BOE) is a Chinese display manufacturer headquartered in Beijing. It was founded in April 1993 and makes TFT-LCD and AMOLED panels for phones, tablets, laptops, monitors, TVs and cars, alongside smaller businesses in IoT systems, sensors, Mini/Micro LED and health services. Its shares trade on the Shenzhen Stock Exchange under the codes 000725 (A shares) and 200725 (B shares). In its 2025 annual report, BOE said it held the world's number one shipment volume in five mainstream LCD applications and in automotive displays.

For virtual reality and augmented reality, BOE matters mainly as a component maker. It produces Micro-OLED (OLED-on-silicon) microdisplays and Fast LCD modules for head-mounted displays, and trade press has reported its 3840x3552 micro-OLED panels in high-resolution standalone and PC VR headsets such as the Play For Dream MR and Shiftall MeganeX Superlight 8K. Trade press has also reported BOE as a candidate or contracted microdisplay supplier for future Apple and Meta headsets.

Reviewed 29 September 2026. Company history, 2025 annual report figures and officers, Kunming/Yunnan microdisplay fab facts, display demos, headset panel reports (Pimax switched to Sony), Samsung settlement and 1260H listing checked against the cited sources. About review dates.

History

BOE grew out of a state-owned vacuum-tube factory in Beijing that had been set up in the 1950s. In 1993, with the factory close to bankruptcy, Wang Dongsheng, a former accountant who was then 35, pooled money with colleagues to take it over. The company dates its founding to April 1993. It set up a pre-research group for a TFT-LCD flat panel project in 1994, issued B shares on the Shenzhen Stock Exchange in 1997, and issued additional A shares there in 2001, the same year it opened an AMOLED technology laboratory.

The company's move into LCD manufacturing came through an acquisition. In February 2003, BOE bought core TFT-LCD technology from Hydis, then a subsidiary of South Korea's Hynix Semiconductor, for US$380 million; Hydis at the time held about 4 percent of the global TFT-LCD market. BOE describes its 2003 line as the first display production line in mainland China built with independent technology. Its Beijing 5th-generation line reached mass production in 2005, a 6th-generation TFT-LCD line in Hefei followed in 2009, and in 2011 it built a 5.5-generation LTPS/AMOLED line in Ordos (Erdos), which BOE calls China's first AMOLED production line.

Wang also formulated what became known in the industry as "Wang's Law", a rule that panel performance at a given price point should at least double every 36 months. By 2019 BOE employed more than 68,000 people, supplied LCD panels for Apple's MacBook and iPad (since 2017) and had been ranked the world's largest TV panel vendor by unit shipments in the first quarter of that year. In May 2019 Wang, then chairman, said he planned to step down that year. Chen Yanshun, who joined BOE in 1993, is chairman of the 11th board of directors, and Feng Qiang is chief executive officer and chairman of the executive committee, according to the 2025 annual report.

Samsung Display, the display unit of Samsung, brought OLED cases against BOE at the US International Trade Commission (ITC), which found that BOE had unlawfully acquired and used Samsung Display's trade secrets. In November 2025 the two companies ended the dispute: BOE agreed to pay royalties for Samsung Display patents, and both sides withdrew their pending litigation in the United States and China. On 8 June 2026 the US Department of Defense added BOE to its Section 1260H list of "Chinese military companies", one of 17 new parent-level entities; from 30 June 2026 the Pentagon may not enter into, renew or extend contracts with listed companies, and from 30 June 2027 it may not do so for goods or services that include goods or services produced or developed by them.

For 2025, BOE reported operating revenue of RMB 204.59 billion (up 3.13 percent from RMB 198.38 billion in 2024) and net profit attributable to shareholders of RMB 5.86 billion. It had 109,895 employees at the end of the year.

Year	Milestone
1993	Company founded in April
1997	B shares issued on the Shenzhen Stock Exchange
2001	Additional A shares issued in Shenzhen; AMOLED technology laboratory established
2003	Acquired TFT-LCD technology from Hydis (Hynix) for US$380 million
2009	6th-generation TFT-LCD line in Hefei commissioned
2011	5.5-generation LTPS/AMOLED line in Ordos
2017	Joint venture with OLiGHTEK for an OLED microdisplay fab in Kunming announced
2019	Launched a 5644 ppi, 0.39-inch Micro OLED display
2025	Settled OLED intellectual property dispute with Samsung Display
2026	Added to the US Department of Defense Section 1260H list

Business and products

BOE organizes itself around display as its core, with four IoT-related businesses and a set of smaller application areas it calls "N".

Business	Scope (as described by BOE)
Display Devices	TFT-LCD, AMOLED and other display devices for smartphones, tablets, laptops, monitors, TVs and vehicles
IoT Innovation	Smart terminal products and system solutions for tablets, laptops, monitors, TVs, low-power devices, IoT and 3D display
Sensor	Flat panel X-ray detector back plates, PDLC smart windows, MEMS, industrial sensors and glass packaging substrates
MLED	LED backlights for TVs, monitors, notebooks and vehicles, and Mini/Micro-LED display products
Smart Engineering Medicine	Medical care, smart nursing and health management services

The group's subsidiaries include Mianyang BOE Optoelectronics Technology, whose flexible AMOLED output is used in smartphones, wearables, car displays and AR/VR, and BOE HC Semitek, whose Micro LED products reached stable mass production and delivery in 2025.

XR work

BOE's product page for VR and AR lists Micro OLED display modules and Fast LCD modules from 0.39 inches to 5.5 inches, with named sizes of 5.46, 2.56, 2.48, 1.3, 0.5 and 0.39 inches. The company states that the modules have a delay of less than 5 ms to reduce image ghosting and dizziness, and it markets them for AR, VR, electronic viewfinders, FPV goggles and night-vision devices.

Micro-OLED microdisplays

BOE entered OLED-on-silicon manufacturing through a partnership with OLiGHTEK. In March 2017 the two companies announced a joint venture to build a fab in Kunming, Yunnan, able to make one million OLED microdisplays a year for consumer VR and AR, based on OLiGHTEK's technology. In August 2017 the investment was set at RMB 1.15 billion, of which BOE contributed RMB 670 million for a 67 percent stake. Kopin Corporation said in January 2018 that its joint venture with BOE and Olightek had secured land in Kunming and was ready to begin construction of what it called "the world's largest OLED on silicon factory".

The Kunming company, first named Kunming BOE Display Technology, is now Yunnan Invensight Optoelectronics Technology Co., Ltd. BOE's 2025 annual report lists it as a subsidiary in which BOE holds 78.32 percent, with a business scope that includes production, R&D and sales of OLED microdisplays and complete AR/VR units. According to LEDinside, mass production of 8-inch silicon-based Micro OLED began there in August 2019. By September 2019 BOE was shipping a 0.39-inch 1920x1080 microdisplay at 5644 ppi, and it later added a 0.71-inch Full HD panel.

In December 2019 BOE announced a second OLED microdisplay fab in Yunnan that would use 12-inch wafers instead of 8-inch ones. OLED-Info reported a total investment of US$486 million (US$257 million from BOE), three planned phases with the first line starting in 2021, and 0.9-inch and 1.31-inch displays aimed at AR and VR; LEDinside put the planned capacity of the 12-inch lines at 10,000 wafers a month. In January 2021 BOE included a US$155 million project to develop 12-inch OLED microdisplay production in a US$3 billion fundraising plan; OLED-Info expected the money to fund the start of 12-inch production as well as research.

In November 2025, UBI Research reported that BOE was converting its Beijing B1 LCD line into a 12-inch silicon-based Micro OLED (OLEDoS) production line built around 5K-resolution panels, using a silicon backplane designed in-house instead of an outsourced design, and that the main target was Meta-oriented products for which BOE competes with SeeYA Technology. The 2025 annual report names Wang Xiping, the group's chief operating officer, as CEO of BOE's New Materials Business and Silicon-based Microdisplay Business.

Display demonstrations

At SID Display Week 2023 in Los Angeles, BOE showed a 1.3-inch "4K4K" Micro OLED VR display and a field sequential color (FSC) 4K VR display with up to 2,117 ppi, which the company said reduced power consumption by roughly 50 percent. LEDinside gave the resolution of the 1.3-inch micro OLED as 3552x3840. AR display analyst Karl Guttag photographed a 1.35-inch 3552x3840 BOE microdisplay through the optics of BOE's demo system at Display Week 2024.

Headsets using BOE displays

The Play For Dream MR, a standalone mixed reality headset, launched on Kickstarter in September 2024 with dual 3840x3552 micro-OLED displays from BOE running at 90Hz with 92 percent DCI-P3 color gamut. In January 2025 UploadVR wrote that the newly announced Pimax Dream Air would apparently use the same BOE 3840x3552 micro-OLED displays as the Play For Dream MR, the Immersed Visor and the Shiftall MeganeX Superlight 8K, and that Pimax planned a micro-OLED version of the Pimax Crystal Super with the same BOE panels. Pimax later changed course: in May 2025 it said the Dream Air would use Sony micro-OLED panels instead of BOE's, and the Pimax Crystal Super 8K Micro-OLED is sold with Sony micro-OLED panels.

Headset	Maker	BOE display (as reported)
Play For Dream MR	Play For Dream	3840x3552 micro-OLED per eye
Immersed Visor	Immersed	3840x3552 micro-OLED
Shiftall MeganeX Superlight 8K	Shiftall	3840x3552 micro-OLED

Reported supply talks

In August 2023 The Information reported that Apple was testing OLED microdisplays from BOE and SeeYA as additional suppliers to Sony, whose panels are used in the Apple Vision Pro; the report said the parts could be used in later Vision headsets if they met Apple's standards. In December 2025 OLED-Info reported that Meta had signed BOE's BMOT and Seeya to supply OLED microdisplays for a future Quest VR headset, a shift away from the LCDs used in recent Quest models.

See also

• Micro-OLED
• Microdisplay
• SeeYA Technology
• Kopin Corporation
• Sony