Japan Display has extended and updated its evaluation agreement with Universal Display. UDC is supplying its phosphorescent OLED materials and technology to JDI for use in its OLED displays. The financial terms of the agreement have not been disclosed.
JDI was formed in November 2011 by Sony, Hitachi, and Toshiba who combined their small/medium panel production capabilities and received $2 billion from Japan's Innovation Network Corp (INCJ). JDI has an active OLED R&D program and plans to begin producing OLED panels in 2018.
Towards the end of 2016 JDI received a $650 million USD investment from INCJ to grow its LCD and OLED business. Parts of these funds were used to take over a majority stake in printed OLED developer JOLED.