Spotlight on Universal Display Corporation, with investor bull and bear cases

Universal Display Corporation, or UDC, is one of the OLED industry's pioneers, and the company that probably represents the best success of any startup within the industry. UDC is worth $7 billion, and it has been historically the go-to company for anyone that wants to invest in the OLED industry.

UDC PHOLED materials photo (2017)

In this article, we detail the company's history, products and technologies, explain what PHOLEDs are all about, and also look into its future, and discuss both bull and bear cases as a investment opportunity. Disclosure: the author of this post holds shares in Universal Display.

The history of Universal Display Corporation

The history of Universal Display starts at 1994, when the company was founded by Sherwin Seligsohn in Ewing, New Jersey. The company was established to commercialize OLED technologies developed at Princeton University and the University of Southern California. UDC holds the basic patents of phosphorescent OLED (branded as PHOLED by UDC) technology. 

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Posted: Nov 05,2025 by Ron Mertens