EverDisplay Optronics (also known as Hehui Optoelectroics) established in Shanghai, China in October 2012 aims to establish China's first AMOLED LTPS production facility.
Everdisplay started mass producing 5" 720p AMOLED displays towards the end of 2014 in a 4.5-Gen line with a monthly capacity of 20,000 substrates. Since then the company added more displays - wearable panels and larger 5.5" ones. Everdisplay is also developing flexible panels, transparent panels and high-density AMOLEDs for VR applications. According to reports, Xiaomi's Redmi Pro smartphone uses EDO's (and BOE's) 5.5" FHD AMOLED panels.
EverDisplay is constructing a 6-Gen AMOLED fab in Shanghai, that will enter production in 2018, with mass production expected by early 2019.
Everdisplay intends to issue an IPO and become a public company towards the end of 2020.
The latest Everdisplay news:
Everdisplay's 6-Gen flexible OLED line in Shanghai is progressing, trial production to begin in January 2019
In 2016 China-based Everdisplay (EDO) started to construct a 6-Gen flexible AMOLED fab in Shanghai. In August 2017 EDO said that it finished the building's main steel frame roof, and in July 2018 EDO started to install equipment.
Everdisplay now announces that the new production line has been successfully lit for the first time. It's not exactly clear what the company means by that, but progress seems to be going well and EDO says that trial panel production will begin in January 2019, as planned.
CLSA says that as OLED displays are too expensive for many smartphone makers and lack enough differentiation to LCDs, the company is lowering its OLED adoption forecasts. CLSA now expects China's OLED smartphone shipments to total 116 million in 2018, 143 million in 2019 and 168 million in 2020. CLSA lowered its forecasts by 12-21%. In terms of penetration into the total Chinese smartphone market, CLSA sees 14% in 2018, 18% in 2019 and 21% in 2020.
Looking at the OLED makers, side, CLSA sees ample OLED supply in coming years, which means that expansion is likely to slow. CLSA assumed that OLED makers will achieve 70% yields and a utilization rate of 90%, which will bring all OLED makers to have a combined production capacity of around 288 million 6" panels in 2020. As demand will be only 168 million by Chinese phone makers (and remember there's also Samsung and LGD of course), this will create quite an oversupply situation in China. CLSA cuts its China OLED production forecasts by BOE, Tianma, Visionox, CSoT and Everdisplay by 23% to 26% in coming years.
All AMOLED makers are currently focused on two major markets - smartphone displays and wearable displays. This leaves out an important part of the market - displays that are between 1.5" and 5" in size, and device makers that want to adopt AMOLED displays in this size segment find it impossible to find the displays they want.
As smartphones grew larger and larger in recent years, the display makers are focusing on 5 to 6.5 inch for their smartphone display portfolio. Wearable AMOLED displays are exclusively aimed towards smartwatches - which use displays sized 1 to 1.5-inch, many of whom are round displays.
China-based AMOLED producer Everdisplay has started to mass produce VR AMOLED displays. The company's first such panel is a 2.95" 1080x1200 (547 PPI) panel that features a refresh rate of 90Hz, a maximum brightness of 100 nits and a MIPI Interface.
Market analysts from CINNO Research estimate that Samsung Display produced 160.9 million AMOLED displays in H1 2018, which sets SDC's market share in the mobile AMOLED market at 93%. The two other large producers are LG Display and Visionox, both producing 3.5 million panels (2% market share).
Both Everdisplay (EDO) and BOE produced 1.7 million panels in the first half of 2018 - or about 1% of the market each. AU Optronics and Tianma produced 0.7 million panels (0.4% market share) and Truly closes the list with a market share of 0.2% (400,000 panels).
IHS says that LG Display is the world's leading AMOLED supplier for smartwatches and wearables. In 2017 LGD shipped 10.64 million AMOLED displays for smartwatches - and it holds a market share of 41.4% (the total market was 25.7 million units in 2017). LG is the exclusive supplier of AMOLED displays for Apple's watch.
Samsung Displays is the 2nd wearable AMOLED Producer, with a 34.8% market share. Everdisplay has a 16.2% share and AU Optronics shipped 5.7% of all wearable AMOLED shipments in 2017. BOE is the fifth largest AMOLED wearable maker with a market share of 1.5%.
Everdisplay starts to install equipment at its 6-Gen flexible AMOLED line in Shanghai, announces its first flexible OLED panel
In 2016 China-based Everdisplay (EDO) started to construct a 6-Gen flexible AMOLED fab in Shanghai. In August 2017 EDO said that it finished the building's main steel frame roof, and yesterday EDO announced that it has finished constructing the building and the cleanrooms, and it has started to install the production equipment - a month earlier than it originally planned.
EDO's new fab will have a capacity of 30,000 monthly substrates (1500 x 1850 mm) and will be used to produce small and medium sized flexible AMOLEDs (1 to 15 inch). EDO aims to begin trial production in January 2019 and mass production in 2021.
China-based AMOLED producer EverDisplay has recently demonstrated several flexible AMOLED prototypes at a trade show in China.
First up we the edge-type 5.5" FHD (402 PPI) AMOLED display, with a curvature radius of R6.5. The thickness of this display is 1.61 mm.
Digitimes reports that four of China's OLED makers (BOE, Visionox, Tianma and EDO) have stepped up their efforts to develop foldable OLEDs, and have all demonstrated foldable prototypes at the China Information Technology Expo 2018 (CITE 2018).
Everdisplay is producing a range of AMOLED displays, for smartphones and wearables, and we have added three new EDO displays to our OLED Marketplace.