RiTDisplay is a Taiwanese company, manufacturing PMOLED panels. RiT has been spun-off from Ritek, that still holds a majority stake. RiTDisplay is one of the world's largest PMOLED makers.
RiTDisplay went public in 2016, following a strong rise in PMOLED demand. The company is trading in the Taipei Stock Exchange (8104:TT)
In June 2011 it was reported that RiTDisplay is collaborating with IGNIS on AMOLED panel production on a-Si backplanes. That project never took off, though. The company is now developing flexible PMOLEDs.
The latest RiT Display news:
Q3'07 OLED Display Revenues Disappoint as Samsung SDI's AMOLED Program Is Slow to Reach Full Production
In what was expected to be a strong quarter with Samsung SDI reaching their full production goal of 1.5 million AMOLED displays per month, the company barely reached the 100K mark down from 350K in Q2’07 as reported in DisplaySearch’s latest Quarterly OLED Shipment and Forecast Report. The low production level left the OLED display industry with revenues of only US$78.3M in Q3’07 down 38% Y/Y and 31% Q/Q. Shipments were 15.5M for the quarter, down 32% Y/Y and 22% Q/Q. The low production for the industry was also impacted by LGE, one of the industry leaders, shifting resources from PMOLEDs to AMOLEDs and shipping only 310K units vs. 3.1M in the prior quarter and Sony with no AMOLED production as the company prepared to begin shipping the XEL-1, the world’s first AMOLED TV in December ’07. The news was not all bad as:
- RiTdisplay had a record quarter and led in revenues with US$31.0M and units with US$6.4M.
- Pioneer was #2 in units and #3 in shipments, while Samsung SDI, the only company shipping both PMOLEDs and AMOLEDs, was #3 in units and #2 in shipments.
- Samsung SDI has already upped its production and expects to ship >2M units in Q4’07, while RiTdisplay should continue its explosive performance with shipments of more than 7M units, a new record for one supplier.
- Chi Mei EL also started production of AMOLED displays with volume of 16K, a number they expect to double in Q4’07.
- MED joined eMagin as the only two companies shipping microdisplay-based OLEDs.
Samsung SDI was able to announce a number of design wins with the Japanese mobile phone carrier AU announcing AMOLED main display mobile phones by Sony Ericsson, Toshiba, Hitachi and Sanyo. Previously, Samsung SDI announced design wins with Nokia and Kyocera. The new AMOLED main displays are all in the 2.8” category, which should help the mobile phone makers recover the premium prices charged for AMOLED displays.
DisplaySearch revealed in its latest Quarterly OLED Shipment and Forecast Report that Q1'07 OLED shipments were 19.1M, up 71%Y/Y and revenues were $121M, up 56% Y/Y. Shipments and revenue were down Q/Q, 14% and 13%, respectively, due to seasonality. OLED displays compete with LCDs in small/medium applications such as mobile phone main displays and sub-displays, MP3s, and automotive consoles.
Active matrix OLEDs displays continued volume shipments with Samsung SDI, Kodak, Sony and eMagin shipping 335K displays in Q1'07. By Q2'07, the volume is expected to grow to 685K displays. Applications include MP3s, mobile phones and near eye.
Digitimes reports that CMEL got orders for 300,000 monthly units of AMOLED displays for mobile phones, from Sharp. CMEL currently has a capacity of 200K-300K units, and has placed orders for new equipment.
In its latest Quarterly OLED Shipment and Forecast Report, DisplaySearch also disclosed the following -
- Samsung SDI and Sony began production of AMOLEDs in Q1'07.
- Teco (Taiwan), which is moving their fab from Taiwan to China, continued to use its Taiwan fab, shipping MP3 displays to iRiver.
- Univision was reported to be in financial difficulties, and while they were able to ship >3M displays in Q4'06, the volume is forecast to fall below 600K in Q1'07.
- Revenues are forecast to grow to over $142.5M in Q1'07, due in large part to the introduction of AMOLEDs for mobile phone main displays by Samsung SDI.
DisplaySearch revealed in its latest Quarterly OLED Shipment and Forecast Report that 2006 OLED shipments were 72.1M, up 29%, and revenues were $475M, down 3%, as the ASP dropped 24% Y/Y. OLED displays compete with LCDs in small/medium applications such as mobile phone main displays and sub-displays, MP3s, and automotive consoles. The top six suppliers had a market share of 92.4% as the industry continued to consolidate.
In Q4'06, OLED shipments were 22.2M and revenues hit $145.3M. OLED shipments decreased 2% Q/Q due to an 11% decrease in main displays and a 12% drop in MP3 players. PMOLEDs continue to dominate the market with a revenue share of over 93%. There are now 13 small molecule and 2 P-OLED producers with small molecule having a 99% revenue share.
In Q4'06, RiTdisplay regained the #1 position in both units and revenue with 5.4M displays and $26.5M in revenue. Pioneer was #5 in shipments and #2 in revenue, while Samsung SDI was #2 in shipments and #3 in revenue for the quarter. LGE was #3 in shipments and #4 in revenue, and Univision was #4 in units and #5 in revenue,
Kolon will invest US$100 million to acquire an 80 percent stake in Ritdisplay, which will be turned into a new company by next April. Kolon Industries is a South Korean company, set up in 1957 and is involved in fiber, industrial materials and bioengineering.
Samsung SDI captured 24% of the 21-million-unit OLED market in the third quarter of 2006, shipping 5.1 million units, according to a Korean-language press release issued by market research firm OLEDNET.
Taiwan-based RiTdisplay ranked second with 3.9 million units sold, followed by LGE with 3.7 million units, Pioneer with 3.2 million and Univision Technology with three million.
DisplaySearch Announces Mixed Results for OLED Displays in Q2'06: Shipments Up 15%, but Revenues Down 14%
DisplaySearch revealed in its latest Quarterly OLED Shipment and Forecast Report that OLED shipments grew to 16.1M and revenues hit $112.0M in Q2'06. Organic Light Emitting Diodes (OLED) displays compete with LCDs in small/medium applications such as mobile phone main displays and subdisplays, MP3s and automotive consoles. OLED shipments increased 44% Q/Q due to 48% increase in subdisplays and a 36% growth in MP3 player sales. PMOLEDs continue to dominate the market with a revenue share of over 98%. There are 23 small molecule and 2 P-OLED producers with small molecule having a 97% revenue share.
LG Electronics shipped a total of 4.5 million OLED panels in Q2, while Samsung Electronics, which maintained the lead in shipments, posted roughly 4 million units, followed by Taiwan's RiTdisplay with 3.7 million units, Univision with 2.2 million units, and Japan's Pioneer with 1.8 million units, Display Bank noted.
The OLED panel maker is considering a transfer of the OLED business to LG.Philips LCD and LG.Philips LCD is also making preparations for mass production of AMOLED panels.