Royole was established in 2012 to develop novel display technologies and IP. Royole is constructing a $1.7 billion 5.5-Gen (45,000 monthly substrates) flexible AMOLED production facility in Shenzhen, China. The new fab is scheduled to begin operation in 2018.
In addition to the flexible display technology, Royole also develops VR headsets, and the company's first headset, the Royole Moon was launched in September 2016.
Royole is backed by several Banks and VC funds and has offices in California US and Shenzhen, China. In September 2017 Royole raised $800 million in its fourth financing round.
The latest Royole news:
Flexible OLED developer Royole has raised $800 million in its fourth financing round, from Bank of China, ICBC, Citiy Bank and others. Part of that round ($560 million) was in debt while the rest was in equity.
Royole's previous financing round was in November 2016 - when it raised $75.5 million at a valuation of $3 billion. It's likely that the current financing round is at an even larger valuation.
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.
According to Digitimes Research, OLED display makers in China will increase their total annual capacity from 272,000 m2 in 2016 to 7.86 million m2 in 2020 - a CAGR or 131.9%.
The largest producer in 2020 will be BOE Display (35% of the Chinese OLED market), followed by Tianma (17.6%), Visionox (14%), Everdisplay (11.6%), CSoT (9.5%), Truly (7.8%) and Royole (4.5%).
According to reports from China, several mobile phone makers, including Huawei, Oppo and Vivo (BKK) are worried about the tight AMOLED supply, especially as Apple's appetite for AMOLED displays may end up taking up all existing and future capacity in the near future.
The reports suggest that the three phone makers are discussing the forming of a new alliance that will secure AMOLED supply. The alliance will make investment into flexible OLED production by Chinese display makers, and secure capacity - in a similar fashion to what Apple is doing with Samsung and has done before with LCD makers.
Flexible OLED technology and VR headset developer Royole announced that it received a $80 million series Pre-D funding from the Warmsun Holding Group. Royole raised around $280 million since its inception in 2012 - and the current valuation is set at around $3 billion!
So what does Royole do to justify such a lofty valuation? A couple of months ago Royole launched its first product, the Royole Moon foldable VR headset - that uses OLED microdisplays to achieve a PPI of over 3,000. The $799 Moon also includes noise-cancelling headphones and runs on the company's own Moon OS.
Royole, a startup established in the US in 2012, unveils their first prototype, a 0.01 mm thick (thin?) flexible AMOLED prototype (which they say is the thinnest ever). Here's a video showing the display in action:
The display is bendable, and has a bending radius of 1 mm. Samsung's recent flexible AMOLED prototypes has a radius of 5 mm - but these prototypes are closer to production units (the flexible OLED in the Galaxy Note Edge has a radius of 7 mm). Samsung's aim is to achieve a radius of 1 mm in production within two years.