Taiwan's RiTDisplay, one of the world's leading PMOLED makers, is reportedly seeing strong demand for its OLED displays. According to a new report, the company's revenue reached $31.2 million in the first half of 2016, up 40% over the first half of 2015.

The company is also enjoying higher profits - and in fact the profit in the first half of 2016 may pass the profit from the whole year 2015. PMOLED is seeing a rising demand in wearable devices - and other emerging applications.

RiTDisplay is planning to expand its production capacity by 20%. The company has filed for an IPO in Taiwain, and plans to be listed in the emerging stocks market in Taiwan by the end of 2016.

Atomic Force Microscopy for next-gen OLED processesAtomic Force Microscopy for next-gen OLED processes