JDI announced it will acquire JOLED IP and some of its employees, but will not acquire its production facilitiesand technology

A few months ago we reported that Japan-based inkjet printing OLED developer JOLED has filed for bankruptcy, and that Japan Display (JDI) will take over JOLED's technology and operations. JDI released an official statement regarding JOLED and its plans for the future.

LG UltraFine OLED Pro photo

So indeed on March 7 2023, JDI signed a basic agreement to support JOLED. Since then the two companies held 'extensive discussions', following which JDI decided to form a subsidiary company called 'JDI Design and Development' or JDIDD, that will acquire JOLED’s OLED technology development business and all related operations.

Read the full story Posted: Jun 02,2023

Samsung Display to acquire OLED microdisplay developer eMagin for $218 million

Samsung Display is acquiring US-based OLED microdisplay developer eMagin, for $218 million in cash. The purchase price represents a premium of approximately 10% to eMagin’s closing stock price n May 16, 2023.

eMagin WUXGA dPd OLED microdisplay prototype photo

In 2022, Samsung Display confirmed it is developing OLED microdisplays, and the company admitted it is still at an early stage of development. Samsung's plan is to start mass production by 2024 or 2025. In October 2022  we reported that SDC is interesting in eMagin's technology and indeed now this news confirms the fact. It seems as if SDC's first generation panels will use a color-filter design, but Samsung's main interest in eMagin is likely its direct-emission technology, or dPd, which will likely be adopted in later generation panels.

Read the full story Posted: May 17,2023

Samsung Display starts ordering equipment for its 8.6-Gen IT OLED production line

According to report from Korea, Samsung Display has established a dedicated organization to head its new 8.6-Gen IT OLED Production line, and has started to order equipment. Samsung is converting an existing LCD line in Asan to OLED production, with an titak estimated cost of $3.1 billion.

Samsung Display 8-Gen IT OLED line slide (2022-08)

According to the report, SDC's decision to have a dedicated organization was made to give that team independence from the company's current small-area (smartphone/wearable) focused business and TV-focused business. 

Read the full story Posted: May 16,2023

eMagin reported revenues of $6.6 million for Q1 2023

OLED microdisplay maker eMagin reported its financial results for Q1 2023, with revenues of $6.6 million (a decrease of 11% from last year). Net loss for the quarter was $2.6 million, down from an income of $0.1 million in Q1 2022. At the end of the quarter, eMagin had cash and equivalents of $3.8 million. 

eMagin XGA096 OLED-XL photo

eMagin says that the decrease in revenues is mostly attributed to late deliveries resulting from unexpected production downtime at one of the company's legacy tools and the timing of military orders. The company's total sales backlog remained at $16.0 million, comparable to the end of Q4 2022.

Read the full story Posted: May 13,2023

eMagin demonstrates a 15,000 nits single-stack full-color OLED microdisplay

eMagin announced that it developed (and demonstrated) a 15,000 nits WUXGA (1920x1200) full-color OLED microdisplay, setting a new world record (surpassing eMagin's own 10,000 nits record from 2021).

eMagin WUXGA dPd OLED microdisplay prototype photo

This new microdisplay was deposited using the company's direct-patterning (dPd) technology, which means that there are no color filters. This is a single-stack device, and eMagin says that in the future it could use a tandem architecture to improve the performance further.

Read the full story Posted: May 04,2023

Universal Display reports its financial results for Q1 2023

Universal Display reported its financial results for Q1 2023, with revenues of $130 million (down from $150 million last year) and net income of $40 million (down from $50 million in 2022).

Universal Display PHOLED materials photo (2020)

UDC says that near-term demand for OLED displays is still soft, but the company remains confident on the long-term growth path for OLED displays. Looking ahead into 2023, the company expects yearly revenues to be in the range of $550 million to $600 million.

Read the full story Posted: May 04,2023

LG reports its results for Q1 2023: decreased sales as demand is sluggish, delays P10 fab in Paju

LG Display reported its financial results for Q1 2023, with revenues of 4,411 billion Won ($3.3 billion USD), down 40% from the previous quarter and 32% from 2022.

The company says there is 'sluggish demand' for TV and IT products. The company plans to focus on automotive displays, smartphone OLEDs and IT OLEDs (mid-sized panels). LG also aims to increase its sales of OLED gaming monitor panels and transparent OLED displays.

Read the full story Posted: Apr 28,2023

OLED material maker Hyperions files for an IPO

China-based Hyperions, a developer of HTL, HIL, ETL and EIL OLED materials, has filed for an IPO.  The company is now going through financial inspection towards the IPO which will should happen before the end of 2023.

According to the comapny's IPO prospectus, Hyperions has been profitable since 2020. The company's income was around $43 million USD in 2022, up from $30 million in 2021 and $27 million in 2020. The company's net profit was $12 million in 2022, up from $6.6 million in 2021 and $7.3 million in 2020.

Read the full story Posted: Apr 20,2023

HKC to start making AMOLED displays in collaboration with JDI using its eLEAP production technology

In 2022, Japan Display (JDI) announced that it has developed a "historic breakthrough in display technology" - a new OLED deposition process which they refer to as eLEAP, that is said to be cost effective and can be used to create freeform OLEDs that are brighter, more efficient, and longer lasting compared to OLEDs produced using mask evaporation (FMM).

JDI eLEAP aperture ratio image

We now hear that Chin-based LCD maker HKC Corp has signed an agreement with JDI to adopt its technology for mass production of AMOLED displays. Under the agreement HKC will invest billions to build AMOLED factories in China, while JDI will provide the manufacturing expertise and technologies, including eLEAP. The plan is to begin mass production in 2025, with the first applications to be in automotive displays and wearable devices.

Read the full story Posted: Apr 12,2023

Samsung Display to invest $3.1 billion to convert an LCD fab to an IT 8.5-Gen AMOLED line

In August 2022, Samsung Display announced that the company decided to build a 8-Gen (2200x2500 mm) production line, which will begin production in 2024. The company now updated that it will convert an existing LCD line in Asan, South Chungcheong province, Korea - and the total cost of the project is $3.1 billion. Samsung Display received government subsidy for this project. 

Samsung Display 8-Gen IT OLED line slide (2022-08)

Samsung says that the new production line will enable it to more than double its AMOLED tablet panel production. The company acknowledges the drop in demand for displays in general, but the company expects that demand for premium mid-sized panels will keep increasing. 

Read the full story Posted: Apr 07,2023