EverDisplay Optronics (also known as Hehui Optoelectroics, and EDO), established in Shanghai, China in 2012, is an AMOLED display producer.
Everdisplay started mass producing AMOLED displays towards the end of 2014 in a 4.5-Gen line with a monthly capacity of 20,000 substrates (EDO was China's first AMOLED maker). Since then the company added its second production fab, a 6-Gen flexible AMOLED line in Shanghai.
EDO is producing panels for wearables, smartphones, laptops, VR devices and more. Many of EDO's displays are available in the OLED marketplace.
In 2021, Everdisplay became a public company. We posted an interview with the company's marketing team in July 2014.
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Omdia: shipments of OLEDs over 9-inch in size will soar 124% in 2024
According to Omdia, sales of OLED panels in sizes over 9-inch (the company refers to these as Large Area Displays) will increase 124.6% in 2024. In 2023, the market contracted 25.7%, with the only exception being OLED monitor panels that grew in shipments.
In 2024, Omdia says that all application areas will see an increase in shipments - TVs, monitors, tablets and laptops. Only the company's "other" category will see a decrease in sales. In particular, tablet OLED shipments are projected to increase by 294% compared to 2023, largely due to Apple's adoption of OLEDs in the 2024 iPad Pro tablets. Laptop OLED sales will increase 152.6%, and monitors OLEDs will increase 139.9%. Finally, OLED TV panel shipments will increase 34.8%.
Omdia: Samsung leads the small and medium AMOLED market with a 43% market share in 2023
Omdia released its small and medium (9-inch and lower) AMOLED market share information for 2023, saying that even though Samsung's market share was lower than 50% for the first time, it stills leads the market by a large margin, with a 43% market share.
Samsung is followed by BOE (15%), LG Display (10%), Visionox (9%) and Tianma (8%). The total market reached 842 million units, a growth of 11% over 2022. Omdia says that the China-based OLED makers have been expanding their capacity and improving the quality of the produced panels, and are securing orders from domestic smartphone brands.
Everdisplay's losses increase as demand for OLED displays in sluggish
China-based AMOLED producer Everdisplay (EDO) reported its financial results for Q3 2023. Net loss increased to 1.1 billion Yuan ($150 million USD), and total loss in 2023 so far was 2.39 billion Yuan (around $325 million USD).
The company says that the increased loss and drop in revenues were due to the global economic recession and weak demand in the consumer electronics market. The industry is facing a fierce price competition with radical price drops by AMOLED makers causing revenues and losses to decline.
Everdisplay reports an increased financial loss in the first half of 2023 as demand for OLED displays continues to be weak
China-based AMOLED producer Everdisplay (EDO) reported its financial results for the first half of 2023. The company's income was 1.373 billion yuan ($189 million USD), a decrease of 23.4% from the first half of 2022. The company's loss was 1.296 billion yuan ($178 million USD), an increase of 173% from 2022.
Everdisplay attributes its loss to the global economic recession that results in weak demand for consumer electronics, and also to the overcapacity in the industry which leads to aggressive pricing by OLED makers. In addition to the market conditions, Everdisplay's interest expenses has increased and exchange rate fluctuations results in more losses.
Omdia: small-size AMOLED display shipments down 6% in 2022
Omdia says that small-size (under 9") AMOLED display shipments dropped 6% in 2022 to 762 million units, due to lower demand for smartphones.
Samsung remains the leading AMOLED maker, with a 56% market share (by unit), down from 61% in 2021, with BOE in the second plane (12%) and LG Display in the third place (11%). The next producers by shipments are Visionox and Everdisplay.
SAIC's Zhiji L7 uses a 12.8" AMOLED produced by Everdisplay
In 2021, China-based SAIC launched the Zhiji L7, an electric sports sedan that offered 615-1,000 Km range (depending on the model), wireless charging, side-view mirrors semi-autonomous driving.
The Zhiji L7 has a center AMOLED display produced by China's Everdisplay. This is a 12.8" 1728x1888 automotive-grade AMOLED, that offers a lifetime of over 10,000 hours (LT80).
EverDisplay updates on its latest fab expansion project, its latest financial results and the effect of the COVID outbreak in Shanghai
China-based AMOLED producer Everdisplay is progressing with its expansion plan for its 6-Gen production line in Shanghai. EDO's new line, which will have a monthly capacity of 15,000 substrates is progressing as planned, with trial production expected in 2023.
It seems as if EDO is targeting automotive applications for its latest AMOLED displays. The company already started developing OLEDs for automotive applications in 2015, and now the company is now stepping up its efforts, as large displays are entering the automotive market.
Everdisplay's 1.6" AMOLED displays are now available at the OLED Marketplace
China's Everdisplay started to produce a new 1.6" 360x320 AMOLED display, and these are now available in the OLED Marketplace. These small OLED displays are suitable for many applications, including wearables.
If you are interested in this display for your device or new project, contact us now, or check out more information over at the OLED Marketplace. We also list many other EDO AMOLED displays, including foldable displays and laptop displays.
OLED production will grow 94% in Q2 2021, as demand for OLED panels increases
DSCC says that OLED production will grow 94% in the Q2 2021, fueled by strong demand for OLED in smartphones, TVs and other devices - coupled with a recovery from the pandemic. Growth in OLED input area for small & medium displays is expected to grow 68%, while grow in OLED TV input area will grow by 134% over last year.
The chart above shows the total OLED (and mobile LCD) industry capacity. As you can see, flexible OLED capacity is growing - mainly from expansions by CSoT, Tianma and Visionox. There's also growth in rigid OLED capacity - from Everdisplay and JOLED.
EDO progresses towards its IPO, will use the funds to construct a new 6-Gen AMOLED fab
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.
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