The US aims to block Wise Road Capital from acquiring Magnachip

Earlier this year OLED driver IC developer MagnaChip announced that it is being acquired by China-based Wise Road Capital, for $1.4 billion. A few days ago, the Committee on Foreign Investment in the United States (CFIUS) issued an interim order that blocks the deal.

Magnachip drivers and chips photo

This is just an interim order, but according to reports it is unlikely that the US and Korea will allow the deal to go through, at least in its preset form. The US is expanding its fight against Chinese companies acquiring technologies. Korea is also worried as MagnaChip's OLED drivers are seen to be strategic to the country's OLED industry.

BOE and Himax announce an electric vehicle design-win for a 12.8-inch flexible AMOLED

Himax Technologies, together with BOE Varitronix (automotive display product supplier) announced that they secured a design-win with a leading new electric vehicle maker.

The customer will soon launch a flagship automobile, which will sport a 12.8-inch flexible AMOLED center information display product. The new solution includes a flexible AMOLED display produced by BOE and a Himax AMOLED driver IC and timing controller system.

Wise Road Capital acquires Magnachip for $1.4 billion

OLED driver IC developer MagnaChip announced that it is being acquired by China-based Wise Road Capital, for $1.4 billion. This price is about 75% higher than Magnachip's three-month average share price. The deal still needs regulatory approval in the United States.

Magnachip drivers and chips photo

In recent years Magnachip reported increased AMOLED driver sales and accelerated its driver R&D. Last month the company announced that it has started to mass produce its first OLED driver ICs for 120Hz QHD smartphone flexible OLED displays.

Report suggests that a global chip shortage could affect the supply of Samsung's AMOLED displays

According to reports online, there's a global chip shortage, that is already effecting some industries - and is not threatening the supply of Samsung's smartphone AMOLED displays.

Apple iPhone 12 Mini photo

It seems as if high demand for chips due to the covid-19 pandemic, a water shortage in Taiwan and heavy snow in Texas all combined to create a shortage is chip supply. Samsung's Austin plant, which makes Qualcomm chips used in AMOLED drivers, has been halted since February 16th and this creates concern for Samsung's ability to supply enough AMOLED displays to satisfy demand.

Magnachip starts mass producing its first 120Hz QHD flexible OLED display driver ICs

OLED driver IC developer MagnaChip announced that it has started to mass produce its first OLED driver ICs for 120Hz (HFR) QHD (1440 x 3360) smartphone flexible OLED displays.

Xiaomi Mi 11 photo

Magnachip's new OLED DDICs were designed specifically for 5G smartphones that support high resolution and high refresh rates, and it is produced using the company's most advanced 28nm process technology.

Magnachip reports record quarterly OLED DDIC revenues in Q4 2020

OLED driver IC developer MagnaChip announced its financial results for Q4 2020, with revenues of $142.9 million and 2020 full-year revenues of $507.1 million. The company says its quarterly revenues reached a record high of $80.4 million - a 19% increase from Q3 2020 and a 19.4% increase from Q4 2019.Full-year OLED revenue of $284.6 million increased 6.5% from 2019.

Magnachip drivers and chips photo

Last year MagnaChip said it has a total of 16 OLED display drivers, almost double the number of drivers it had in its portfolio in Q1 2019. The company has started to develop OLED drivers for automotive products, which the company expects to to into production in the first half of 2021.

Viewtrix starts producing OLED driver ICs, raises $45 million

China-based display technology developer Viewtrix (also known as Yunyinggu) announced that it is starting to produce its AMOLED and OLED microdisplay driver ICs. Viewtrix plans to produce 10 million AMOLED driver ICs by the end of the year - which is about 10% of the total Chinese market.

Viewtrix also announced that it has secured its Series D financing round, totalling $45.6 million, led by Sequoia Capital China.

Samsung may be forced to stop supplying OLEDs to Huawei due to US sanctions

The US government imposed sanctions against Huawei, which prevents the Chinese company to acquire components that use US-developed chips. According to a report from Korea, both Samsung Display and LG Display will have to stop supplying OLED displays to Huawei as these use drivers that are based on US-developed technology.

Huawei P40 pro photo

Samsung Display has applied for a US US Department of Commerce license which will allow it to export the technology to Huawei. LG Display decided not to apply for the license, at least for now, as its OLED sales to Huawei are limited in any case.

Huawei starts to develop its own OLED driver ICs

According to reports from China, Huawei is starting to develop its own OLED driver ICs - and will start mass producing these chips later in 2020

Huawei P40 pro photo

It seems that Huawei aims to increase its self-sufficiency (especially with the US sanctions in place). In addition, the company believes its own chips will outperform the chips supplied to Huawei by third party and will enable it to improve its smartphone design.

MagnaChip reports an increase in AMOLED driver sales

OLED driver IC developer MagnaChip announced its financial results for Q1 2020. OLED DDIC revenue was $69.7 million, up 43.6% from last year and up 3.5% from last quarter. The company estimates that 8 new smartphones that adopt its OLED drivers were released in Q1 2020, and 9 just entered pilot production.

Magnachip drivers and chips photo

MagnaChip has a total of 16 OLED display drivers, almost double the number of drivers it had in its portfolio in Q1 2019. The company has started to develop OLED drivers for automotive products, which the company expects to to into production in the first half of 2021.

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