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. In December 2017 JOLED started commercial shipments of 21.6" 4K OLED monitor panels from 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.
The latest JOLED news:
JOLED announced today that it signed an agreement with Screen Finetech Solutions and Panasonic Production Engineering to co-develop, manufacture and sale printing equipment for large-area OLED production (mostly OLED TVs).
The three companies aim to quickly commercialize a new business that will be based on JOLED's manufacturing technology. JOLED plans to license its inkjet printing technology to OLED makers. JOLED has been developing its technology in collaboration with Panasonic since its founding in 2015. JOLED's technology was originally developed in Panasonic at around 2006.
JOLED to develop high-end gaming monitors in collaboration with a Japanese professional e-sport team
JOLED announced that it will co-develop high-end gaming monitors together with the Japanese "Burning Core" professional e-sport team.
JOLED will develop the OLED monitors and Burning Core players will test the monitors and provide professional opinion so that JOLED can calibrate and perfect the image quality especially for gaming.
Japan-based OLED maker JOLED has always focused on medium-sized displays - for monitors, tablets and laptop displays. At a recent conference, JOLED revealed that in the future also aims to produce large displays - for TVs and signage applications
Towards the end of 2017, JOLED started commercial production of its 21.6" 4K OLED panels at its low volume production pilot 4.5-Gen line. JOLED's mass production line will be established in Nomi City, Ishikawa Prefecture, with a capacity of 20,000 monthly 5.5-Gen (1300x1500 mm) substrates. JOLED plans to begin mass production in 2020 at the new fab - and to produce 10- to 32-inch OLED displays for automotive displays, high-end monitors and more.
JOLED raises $400 million - half of what it needs to establish its first printed OLED mass production line
Last month Japan-based OLED maker JOLED announced official plans for its first mass production printed OLED fab, and today it is reported that JOLED have raised around $400 million from four new investors - auto parts maker Denso ($270 million), major trading house Toyota Tsusho ($90 million) and Sumitomo Chemical and Screen Holdings.
JOLED intends to raise $900 million, so the current amount is less than half of what it needs to complete its first mass production line. According to earlier reports, Panasonic and Sony also intend to to invest around $50 million each.
Towards the end of 2017, JOLED started commercial production of its 21.6" 4K OLED panels. But this is very low volume production (at JOLED's pilot 4.5-Gen line) as the company said it is seeking to raise $900 million to support its plan to start mass producing OLEDs in 2019.
Today JOLED announced official plans for its first mass production printed OLED fab. JOLED will establish the production site in Nomi City, Ishikawa Prefecture. The capacity of the new fab will be 20,000 monthly 5.5-Gen (1300x1500 mm) substrates and the plan is to begin mass production in 2020. JOLED will produce 10- to 32-inch OLED displays for automotive displays, high-end monitors and more.
According to the Nikkei Asian Review, autopart maker Denso agreed to invest 30 billion yen (around $282 million) in JOLED. Denso will hold a 15% stake in JOLED. Denso is not just a financial investor - by partnering with Denso, JOLED aims to penetrate the automotive display market.
Towards the end of 2017, JOLED started commercial production of its 21.6" 4K OLED panels. But this is very low volume production (at JOLED's pilot 4.5-Gen line) and JOLED is seeking to raise $900 million to support its plan to start mass producing OLEDs in 2019. Besides Denso, Panasonic, Sony, Sumitomo Chemical and Screen Holdings each agreed to invest 5 billion yen (around $47 million). JOLED is still seeking investors to complete its 900 million round.
Many OLED producers believe that Ink-Jet printing of OLED emissive materials is the best way to achieve lower-cost OLED TV production, and to enable OLEDs to compete in the medium part of the TV market. Ink-Jet printing is an efficient process (less material waste compared to evaporation) and it can be very quick as well. The main drawbacks of inkjet are the limited resolution and the need for soluble emissive materials which are less efficient compared to evaporation ones.
A Kateeva OLED ink-jet printing system
These challenges are being overcome, and it seems that at least four groups (in Korea, Japan and China) are charging forward towards mass production of ink-jet printed OLEDs. Ink-jet printer makers and soluble material suppliers are also optimistic ink-jet printing commercialization will soon be here as the material performance gap is diminishing.
Earlier this month Asus introduced a new OLED monitor, the 21.6" 3840x2160 (204 PPI) ProArt PQ22UC, which uses a ink-jet printed OLED panel produced by JOLED. The following video shows this new laptop which is said to have a remarkable image quality and a portable design:
Asus did not yet reveal the price of its first OLED monitor, but it did say it will ship by the spring of 2018. JOLED announced a few weeks ago that it started commercial production of 21.6" ink-jet printed 4K OLED panels. JOLED's production capacity is not large as the company is still using a pilot-scale line, but JOLED is seeking to raise $900 million to support its plan to start mass producing OLEDs in 2019.
This is very interesting news. JOLED indeed announced a few weeks ago that it started commercial production of 21.6" ink-jet printed 4K OLED panels, and it is great to see a product launched so quickly. JOLED's production capacity is not large, the company is still using a pilot-scale line, but it's likely that Asus is not expecting to sell many units of this high-end OLED monitor.
Following JOLED's announcement that it started commercial shipments of its 21.6" 4K OLED panels for use in medical monitors in its low-volume 4.5-Gen ink-jet printing production line, it was reported that the Japanese display maker is seeking to raise $900 million to support its plan to start mass producing OLEDs in 2019.
Reuters reports today that Denso Corp (an automobile parts producers) is considering a $440 million investment in JOLED. Earlier reports from Japan claimed the JOLED received funding commitments from Sony and Panasonic, with both Sumitomo Chemical (who supplies its P-OLED materials to JOLED) and Screen Holdings (who supplies its equipment to JOLED) are likely to take part in the financing round as well. Each of these four companies will invest between $45 to $90 million.