Bankrupt US- and China-based OLED display maker Royole has sold off some of its IP and trademarks, at Alibaba's auction platform. The final price, for which the IP was sold, was 614,700 Yuan ($88,390 USD).
The assets that were sold include 468 patents, 231 trademarks, and some copyrights and software copyrights under Royole's name. Last year we reported that Royole sold off some of its production equipment in an auction, for $69 million. It was not confirmed, but the buyer was likely China's HKC.
Royole started mass producing flexible OLED displays back in 2018 at its fab in Shenzhen. Royole developed innovative OLED technologies and devices, and demonstrated several innovative displays, but it seemed it did not manage to find large actual customers for its displays.
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