Sumitomo to construct a $130 million flexible OLED touch panel production fab in Korea

Reports from Japan suggest that Sumitomo Chemical decided to setup a new factory to produce touch panels for curved AMOLED displays. The new factory will be located in Korea, and the total investment is expected to reach ¥15 billion ($US 132 million). It is expected to start operating in 2018 and will have an annual capacity of 100 million panels.

Touch panel production fab, Sumitomo

Digitimes says that Sumitomo has a current market share of about 60-70% of the total AMOLED touch panel market and can currently produce 400 million touch panels for rigid glass-based AMOLEDs. Sumitomo doubled its glass AMOLED touch panel capacity in 2016 following a $165 million investment at its Pyeongtaek factory.

Posted: Mar 08,2017 by Ron Mertens