Blackberry manufacturer TCL is planning to invest about 35 billion yuan ($5.08 billion) in a facility to make display panels that can be used in smartphones and tablets.

The electronics giant based in China is taking advantage of the growing demand of mobile gadgets locally and globally.

According to Reuters, TCL will be building a production line in the central city of Wuhan to produce displays called LTPS-AMOLED (low temperature poly silicon-active matrix organic light-emitting diode). The company, based in the southern province of Guangdong, said the proposal is pending approval from the Chinese government.

As the population in China become more wealthy and advanced in terms of technology, smartphones and tablets have become an indispensable part of life. TCL is targeting the increase in popularity of mobile devices, aiming to fill the gap in the increasing demand for electronic gadget parts, including displays.

TCL isn’t the only one with a similar plan – other firms have previously announced similar proposals. BOE Technology announced in November they plan to invest 46.5 billion yuan in a project to produce AMOLED display panels in Sichuan province.