SFA Engineering announced that it has signed a $53.5 million contract with OLED developer Royole to supply OLED manufacturing equipment. SFA did not disclose what kind of deposition equipment it will deliver exactly.
Royole is constructing a 5.5-Gen flexible OLED production facility in Shenzhen, China. The new fab is scheduled to begin operation in 2018 and will have a monthly capacity of 45,000 substrates.
In November 2016 Royola announced that it raised $80 million from several VCs, at a valuation of $3 billion. Since its inception in 2012 Royole raised $280 million, but it probably has access to more funds as the cost estimation of its production fab is around $1.7 billion.
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Posted: May 02,2017 by Ron Mertens
