Financial

DSCC: the OLED materials market to grow 24% in 2024, will reach $2.7 billion by 2028

DSCC says that the OLED materials market will reach $2.12 billion in 2024, rising 24% over 2023. The market will continue growing at a 6% CAGR until 2028, reaching about $2.7 billion. DSCC details the revenue split between single-stack, tandem and multi-stack panels, saying that materials used in tandem OLED panels will grow at a fast rate of 30% CAGR from 2024-2028. 

The leading materials makers by revenue in 2024 will be UDC, DuPont, LG Chemical and Samsung SDI, holding a market share of 51% together. DSCC says that Chinese materials makers will increase their market share in the future. 

Read the full story Posted: Jul 16,2024

Kyulux announces a new CFO as the company progresses towards Hyperfluorescence commercialization

Japan-based Hyperfluorescence materials developer Kyulux announced that Jimyeong Yu will join its executive management team, as the company's new Chief Financial Officer (CFO). 

Jimyeong Yu will take over as Kyulux’s CFO, replacing Akira Minakuchi, who passed away in September 2023. As CFO of Kyulux, Jimyeong Yu will oversee financial accounting operations including procurement activities, and as a member of the management team, will be involved in formulating and implementing future business plans.

Read the full story Posted: Jul 05,2024

Zapp invests further in its SuperClean Invar 36 foil production for OLED FMM products

The Zapp Group, which will celebrate its 325th anniversary in 2026 and has launched a major new investment project with the construction of a 12,000 m² production hall for precision foil at its Unna site, in Germany.

The company has come a long way in the past few centuries. Having started in the Leppe Valley of Germany as a small forging shop, Zapp is now a leading metals supplier and one of only a few suppliers in the world that can produce ultra-thin foil from stainless steel, cobalt nickel or titanium alloys. This major investment will further expand its dimensional spectrum down to thicknesses of up to 0.015 mm and widths of up to 650 mm.

Read the full story Posted: Jun 18,2024

UTG glass developer Dowoo Insys plans to IPO in 2025

A report from Korea suggests that Dowoo Insys is planning to IPO in 2025. The company will list on the Korean Exchange, and it plans to file the preliminary information and documents by the end of the summer.

Samsung Galaxy Z Flip5 phone

Dowoo Insys was established in 2010, to develop glass products for the display industry. The company's main product is thin flexible glass covers for foldable displays - UTG glass - which it supplies to Samsung Display (its main customer). Dowoo does not produce its own glass - it buys flexible glass from Schott and then treats it in its own facilities. 

Read the full story Posted: Jun 17,2024

Samsung purchases Orthogonal's mask-less OLED production IP

Reports from Korea suggested that Samsung Display acquired 5 patents from US-based Orthogonal, that contains the company's mask-less OLED production process. With this purchase, SDC has a path towards developing its own maskless OLED production.

Maskless OLED production is of high interest lately, as these technology could offer higher pixel aperture ratio leading to higher efficiency, brightness and lifetime and brighter OLEDs, compared to FMM-based production processes. JDI for example claims its eLEAP technology enables an 2X increase in brightness and a 3X increase in lifetime, coupled with reduced production costs.

Read the full story Posted: Jun 15,2024

Xi'an Manareco New Materials to increate its stake of Idemitsu Kosan's OLED business in China to 20%

Xi'an Manareco New Materials announced that it intends to invest around $10 million (76.4 million Yuan) in Idemitsu Kosan's China-based Idemitsu Electronic Materials. Following this investment, Manareco's stake at the company will rise to 20%. 

Xi'an Manareco says that Idemitsu plans to move most of its OLED material production to its China-based company. Manareco is a strategic material supplier to Idemitsu, and it hopes to expand its OLED intermediate business. In addition, the company is developing and supplying OLED stack materials (such as EIL, HIL, ETL and more).

Read the full story Posted: Jun 07,2024

Visionox announces plans to build a $7.6 billion 8.6-Gen AMOLED line in Hefei

Visionox is the latest company to announce a new AMOLED production line, targeting the IT display market - laptops, monitors and tablets. The company said that it will best 55 billion Yuan (around $7.6 billion USD) to build a 8.6-Gen production line in Hefei, Anhui province.

Visionox's production line will have a monthly capacity of 32,000 substrates. The company did not share any details regarding the timeline of this project, or its financing.

Read the full story Posted: May 29,2024

TCL CSoT denies reports of a $8.7 billion investment in a new 8-Gen AMOLED fab

As OLED display makers are racing to launch IT AMOLED displays (for laptops, monitors and tablets), there has been recent reports that TCL CSoT has decided to build a 8-Gen AMOLED line, in a 63 billion Yuan (about $8.7 billion USD) investment.

TCL CSoT issued a statement that says that this report is inaccurate, and the company has not made a decision yet and does not have an investment plan. 

Read the full story Posted: May 08,2024

Universal Display reports excellent financial results for Q1 2024

Universal Display announced its financial results for the first quarter of 2024. Total revenues were $165.3 million (up from $130.5 million in Q1 2023), and a net income of $56.9 million (up from $39.8 million).

UDC PHOLED materials photo (2017)
UDC says it seas meaningful growth opportunities across several verticals: the IT display market, TVs, smartphones, and foldable phones. UDC raised the lower end of its guidance for 2024, now it believes it will be in the range of $635 million to $675 million.

Read the full story Posted: May 03,2024

Seeya starts constructing its second OLED microdisplay production line in Shanghai

OLED microdisplay developer Seeya Technology announced that it is starting to build its second OLED microdisplay production line, in Shanghai. The company will start to move in and install the production equipment next month.

The new production line will have a monthly capacity of 9,000 300 mm substrates, similar to the company's first line which is already in mass production. The total cost of the new fab is expected to reach 2 billion Yuan (around $275 million USD).

Read the full story Posted: Apr 18,2024