The deal is worth 31.5 billion won
Laser company LIS has won a 31.5 billion won order from Chinese display giant CSOT for organic light emitting diode (OLED) equipment, the company said on Wednesday.
The deal is equal to 21.77% of its 2019 sales. The contract will expire on August 17.
In May, LIS won a 48 billion won order from BOE for its display manufacturing equipment.
A company spokesperson said it expected more orders from China going forward due to the aggressive investment into OLED from local companies there.
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