Denso invests $280 million in JOLED and takes a 15% stake

According to the Nikkei Asian Review, autopart maker Denso agreed to invest 30 billion yen (around $282 million) in JOLED. Denso will hold a 15% stake in JOLED. Denso is not just a financial investor - by partnering with Denso, JOLED aims to penetrate the automotive display market.

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

Towards the end of 2017, JOLED started commercial production of its 21.6" 4K OLED panels. But this is very low volume production (at JOLED's pilot 4.5-Gen line) and JOLED is seeking to raise $900 million to support its plan to start mass producing OLEDs in 2019. Besides Denso, Panasonic, Sony, Sumitomo Chemical and Screen Holdings each agreed to invest 5 billion yen (around $47 million). JOLED is still seeking investors to complete its 900 million round.

For more information on JOLED's technology click here.

Posted: Mar 20,2018 by Ron Mertens