According to Chinese-language SINA News, China's BOE Technology plans to invest approximately 3.1 billion RMB (US$411.2 million; US$1 = 7.5 RMB) in a 4.5G TFT-LCD (Thin Film Transistor-Liquid Crystal Display) panel production line. Although local media sources speculated that BOE will build its 4.5G line in Chengdu, Sichuan Province, the company stated that it has yet to determine the location, according to the same report.