JOLED (Japan OLED) was established in August 2014 by Japan Display, Sony and Panasonic with an aim to become an OLED medium display producer. Following years of R&D and initial production, the company initiated mass production of its OLEDIO panels in 2021 at its new 5.5-Gen production line in Nomi, Ishikawa Prefecture, Japan.
JOLED's panels appeared on the market, but only for high-end applications such as LG's professional monitor range. According to a new report from Korea, the company did not manage to find a new investor and is now on the verge of bankruptcy.
The report suggests that even though production of its panels began last year, the yields are very low, which means that panel costs are still very high and the company does not manage to increase its yields.
It is also reported that the company had a four-year project with Lexus to develop 10-inch automotive OLED displays, but that project ended in 2021 in failure.
In 2020, TCL (CSoT) invested 20 billion Yen (around $187 million USD) in JOLED, and has also signed an agreement to jointly develop OLED TV printing technologies. TCL is getting ready to develop large-area inkjet printed panels by 2024 based on JOLED's technology.
If JOLED indeed dissolves, this will be a very sad end to the first commercial inkjet printed OLED venture.