OLED driver IC developer MagnaChip started shipping OLED display drivers in 2007, and the company announced yesterday that it has shipped over 730 million units since.

Magnachip DDIC OLED TV ICs photo

MagnaChip recently expanded its business area into new markets such as foldable smartphones, automotive displays and OLED TVs. The company expects the OLED DDIC market to grow rapidly in the next new years and quotes Omdia's estimate of 1.2 billion OLED panels shipped in 2028.

In August 2019 Magnachip announced it sold 500 million OLED DDICs. This means that in almost three years it sold around 230 million units.



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