E Ink to spend around $110 million to expand its production facilities, as it still cannot meet the

E Ink Holdings announced that it plans to invest around $110 million USD to expand the capacity of its Taoyuan (Taiwan) production line, and around $480,000 in its Yangzhou (China) facility. These projects will be finished by the end of 2024.

The company is still fully booked and cannot satisfy all the demand for its displays. The company does report, however, that demand for consumer electronics, including e-readers and e-notebooks is lower than what it foreseen. In fact the company estimates that shipments of displays for e-Readers will be 10% lower than what the company estimated for 2022, but still higher than the shipments in 2021.

Demand for ESL products remain strong, and E Ink says that the total market for ESL could reach 30-40 billion units.

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