JOLED (Japan OLED) was established in August 2014 by Japan Display, Sony and Panasonic with an aim to become an OLED medium display producer (focusing at first on OLEDs for tablets, monitors, laptops and signage).
JOLED received an investment from the Innovation Network Corporation of Japan, a public-private investment fund, which still holds the majority sake, with JDI, Sony and Panasonic holding smaller stakes.
In October 2017 Japan Display has decided to halt its plans to turn its minority stake at JOLED into a majority one, and so JOLED started to seek external financing to support its plan to start mass producing OLEDs in 2019 at the JDI plant in Nomi, Ishikawa. The company also aims to start low-volume commercial production of medical monitor panels at its 4.5-Gen pilot line.
JOLED Is using an ink-jet printing process, which (according to the company) may enable it to produce at a lower cost - around 30-50% cheaper compared to evaporation. JOLED is using Sumitomo's P-OLED materials.