Idemitsu says its OLED materials are used by LG in its latest OLED TVs
Idemitsu Kosan announced that LG's latest OLED TVs use the company's materials. Idemitsu and LG have a strategic OLED alliance in place since 2009, and the two companies signed a mutual-cooperation agreement and patent licensing in 2014.
Earlier this month UBI estimated that Idemitsu Kosan's OLED material sales grew from around $50 million in 2014 to around $80 million in 2015. Idemitsu's OLED material shipment to LG are probably what's behind this large increase as LG is ramping up its OLED TV panel production