A few months ago we reported that Japan-based inkjet printing OLED developer JOLED has filed for bankruptcy, and that Japan Display (JDI) will take over JOLED's technology and operations. JDI released an official statement regarding JOLED and its plans for the future.
So indeed on March 7 2023, JDI signed a basic agreement to support JOLED. Since then the two companies held 'extensive discussions', following which JDI decided to form a subsidiary company called 'JDI Design and Development' or JDIDD, that will acquire JOLED’s OLED technology development business and all related operations.
JDI will thus acquire JOLED's OLED technology and IP, and will provide employment for around 100 of JOLED's employees. JDI however will not inherit JOLED's product manufacturing and sales businesses, and will not inherit any of JOLED's liabilities. The cost of JOLED's IP and technology is 1 billion Yen (or around $7 million).
It is still not clear what will happen to JOLED's 5.5-Gen inkjet printing in Nomi, Ishikawa Prefecture, Japan. JOLED initiated mass production of its OLEDIO panels in 2021 at the Nomi line, but never managed to ramp up production and reduce costs for these panels to be competitive.