Earlier this month we reported that China-based AMOLED producer EverDisplay (EDO) has become a public company. We have been a bit early, but the company is progressing on its IPO registration and has released some more information regarding is business.
The company is raising 10 billion Yuan ($1.5 billion USD) and most of these funds will be used to construct the company's new 6-Gen AMOLED line. As you can see in the image above, almost all the company's OLED panels are used in smartphones and wearables. But in 2020 the company also started to produce laptop and tablet displays - EDO recently started to make 11", 12.8" and 15.6" rigid and foldable AMOLED displays for laptop devices. We list many EDO OLED displays in the OLED Marketplace.
EverDisplay was the first Chinese OLED maker when it started mass producing 5" 720p AMOLED displays towards the end of 2014 in its 4.5-Gen line in Shanghai. In 2016 EDO started to construct a 6-Gen flexible AMOLED fab also in Shanghai and the company is now ramping up this fab.