RitDisplay increases its PMOLED capacity, revenues up 30% in 2016

In August 2016 we reported that PMOLED-producer RiTdisplay sees growth ahead in the PMOLED market with plans to increase capacity - and today Digitimes states that RiTdisplay has indeed increased its capacity by 20% in 2016 (to 18,000 monthly substrates, up from 15,000). The company aims to increase production by a further 40% (to 25,200 monthly substrates) by the end of 2017.

Earlier reports suggested that the capacity increase will come from more efficient production ("deleting bottlenecks") - not from new equipment.

RiTdisplay reported revenues of $67.4 million US in 2016 - up almost 30% from 2015, and a net profit of almost $11 million (up 175% from 2015). RiTdisplay says it has no plans to enter the AMOLED market as it requires large investments and it will face fierce competition from other AMOLED makers, mostly in China.

Posted: Apr 13,2017 by Ron Mertens