Canon Tokki (wholly-owned by Canon) manufactures vacuum process equipment and factory automation systems for the OLED market and thin-film PV market.

Canon Tokki developed the first OLED mass production system back in 1999, which processed both OLED / electrode material deposition and encapsulation by one system.

Tokki's OLED production systems has been delivered OLED manufactures in Japan, Korea and Taiwan. In March 2007 we interviewed Tokki's overseas sales manager. In 2016 Tokki has seen a massive increase in orders and the company plans to double its own production capacity by the end of 2016.

Company Address: 
954-0076
Niigata
Niigata
10-1 Shinko-cho
Mitsuke-shi
Japan

The latest Canon OLED news:

DSCC: OLED equipment spending to rebound in 2020, but decline again in 2021

DSCC says that Q3 2018 was a record quarter for display equipment spending, as sales reached $7.8 billion billion in the quarter - up 13% from Q3 2017. In the quarter five new 6-Gen OLED lines were installed in addition to a 10.5-Gen LCD fab.The top 5 equipment vendors, according to DSCC, were Canon (13.1%), Applied materials (9.6%), Tokyo Electron, Nikon and SFA Engineering.



Display equipment spending by technology (2016-2022, DSCC)

Despite the record quarter, total display spending will fall 9% in 2018 (to $21.6 billion). OLED equipment spending is expected to drop 44% in 2019 to $7 billion as mobile OLED spending slows. DSCC says that OLED spending will rebound in 2020, and will increase by 50% to reach $10.5 billion. In 2021, DSCC sees OLED spending declining again, and then rebound in 2022.

Digitimes details Samsung's QD-OLED TV production plans and equipment

Samsung Display is developing hybrid QD-OLED TV technology, and according to estimates, the company aims to begin trial production in 2019. It is also estimated that Samsung has several challenges to overcome, but according to new reports from Digitimes, Samsung is aiming to start installing equipment for the new fab as early as December 2018.

QD-OLED stack scheme (DSCC, Oct-2018)

The new fab will begin operation in the second half of 2019 - pilot production at first which will be expanded to full scale mass production. The new fab will be built in Samsung's L8 LCD production line in Asan, and will take over one of the two lines currently in operation at the fab. Samsung's initial production capacity will be around 25,000 monthly G8 substrates.

Canon says demand for its OLED production equipment is lower than expected

Starting in 2016 or so, the world's leader in OLED vacuum evaporation equipment Canon Tokki, say a surge in OLED orders - which prompted the company to double its production capacity in 2016. But in 2018 the OLED market experienced a strong slump. OLED production started to recover in June 2018, but a recovery in the OLED equipment sector is still not here.

Canon ELVESS OLED production system photo

Canon today posted its Q2 earnings, and while profits increased, the company cut its full FY2018 outlook and said that demand for its OLED production equipment is lower than previously expected.

JOLED seeks $900 million in funding to start mass printing OLED displays

As we just posted, Japan Display has decided to halt its plans to turn its minority stake at JOLED into a majority one, and so JOLED is now seeking external financing to support its plan to start mass producing OLEDs in 2019 at the JDI plant in Nomi, Ishikawa (which currently makes LCDs, but will be shut down towards the end of 2017).

JOLED 4K prototype OLED Monitor (July 2017, Japan)

According to the Nikkei Asian Review, JOLED aims to raise 100 billion Yen (almost $900 million) from Japanese companies, and it has already approached Sony, Canon, Fujifilm, Nikon and Sumitomo. If this plans fails JOLED may turn to foreign companies, including Chinese ones.

LG orders two 6-Gen flexible OLED deposition systems from Canon Tokki

Japan-based Canon Tokki is considered the world's leader in vacuum evaporation equipment, and the company has a large backlog - reportedly it had to decline orders from several OLED makers as all of its capacity was taken up mostly by Samsung Display and BOE.

LG 6'' flexible OLED edge phone prototype photo

The Korea Herald reports that LG Display has now managed to order two 6-Gen deposition systems from Canon Tokki. The price of each system is around $115 million, and it can support up to 15,000 monthly substrates. The first machine will be delivered in December 2017 and the second in February 2018.

Tokki to double its vacuum evaporation equipment capacity to meet OLED demand

As the OLED market is quickly expanding, we see massive investment in production capacity, mainly from Korea and China. According to Reuters, Canon Tokki, the leading vacuum evaporation equipment maker, is experiencing a boom in orders.

Tokki has a large order backlog - worth several years of its current production capacity. According to some reports, Tokki has turned down orders from LG Display recently as Samsung has taken up all of its capacity - and so LG had to order equipment from Tokki's competitors (mainly SFA Engineering and Ulvac).

Canon officially abandons SED TV technology

Canon has officially abandoned the SED TV technology - they just couldn't bring the cost down to make this a viable alternative to LCD TVs. Canon still plans to use SED panels for industrial and medical displays (high margin businesses).

Canon will manufacture their own OLED panels for their consumer products, and soon

CNet published an interesting interview with Chuck Westfall, technical adviser for Canon's professional products marketing division. They discuss why OLEDs aren't available in any Canon product yet.

Chuck says that OLEDs indeed offer high-quality images and lower power consumption, but Canon does not want to rely on other companies manufacturing ability. They are making around 30M cameras (compact and SLRs) each year - so they need quite a bit of capacity...

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