OLEDWorks receives an SBIR grant to develop stacked OLED lighting technologies

OLED lighting developer OLEDWorks announced that was awarded with a new US federal SBIR grant to develop OLED technologies.

Under this new project, OLEDWorks will develop new OLED automotive taillights composed of multiple stacked layers of red and white OLEDs. This technology can also be applied to indoor lighting to provide greater efficiency, a broader intensity range, and the ability to communicate safety information.

Samsung Display to convert an LCD fab to a 6-Gen flexible OLED production line in a $2.7 billion investment

According to reports from Korea, Samsung Display plans to build a new 6-Gen flexible OLED line. The new line will replace a current LCD line that is used to produce TVs at SDC's Asan plant (the LCD 7-2).

The new fab, which will cost around 3 trillion Won ($2.7 billion USD) will have a monthly capacity of 30,000 monthly substrates. This will increase SDC's AMOLED production capacity to 195,000 monthly substrates, not counting its upcoming QD-OLED production line.

eMagin reports its financial results for Q1 2021

OLED microdisplay maker eMagin reported its financial results for Q1 2021. Revenues were $6.8 million up from $6.7 in Q1 2020. Operating loss was $2 million, up from $1.3 million in Q1 2020. Net loss was $7.4 million (including a $7.2 million warrant value loss).

eMagin SXGA OLED-XL microdisplay photo

At the end of March 31 2021, the company had $10.7 million in cash and equivalents. eMagin reports it is continuing to place down payments for equipment as part of the $39.1 million US government funds that were awarded last year to enhance its manufacturing capabilities in the US.

UDC reported its financial results for Q1 2021

Universal Display reported its financial results for Q1 2021. UDC's revenues for the quarter were $134 million (down from $141.5 million in Q4 2020 and up from $112.3 million from Q1 2020) and net income was $51.7 million.

UDC RGB PHOLED materials photo

At the end of the quarter, UDC had $727 million in cash or equivalents. The company retained its 2021 guidance with revenues between $530 - $560 million.

Samsung Electronics reports its Q1 2021 results

Samsung Electronics reported its financial results for Q1 2021. The company's revenues was 65.4 trillion Won (around $58.7 billion USD). Operating profit increased 4% from the past quarter to $8.4 billion, as Samsung enjoyed strong sales of phones and consumer electronics, which offset slower sales of displays and semiconductors.

Samsung Galaxy S21 range photo

The past quarter saw a fall in the revenues of Samsung's display business, due to weak seasonality of mobile products and a shortage of chips.Compared to Q1 2020, however, earnings improved due to increased adoption of OLED displays in smartphones.

LG Display reports solid Q1 2021 results, will decide on OLED TV capacity expansion by Q3 2021

LG Display announced its financial results for Q1 2021. The company reported sales of $6.2 billion, an operating income of $469.5 million and net profit of $238 million. Sales were lower (by 8%) compared to Q4 2020, but higher by 46% from Q4 2020. LGD remained profitable for the third consecutive quarter.

LG OLED evo G1 TV photo

LG Display announced its financial results for Q1 2021. The company reported sales of $6.2 billow, an operating income of $469.5 million and net profit of $238 million. Sales were lower (by 8%) compared to Q4 2020, but higher by 46% from Q4 2020. LGD remained profitable for the third consecutive quarter.

Xiaomi: we sold over 40,000 Mi Mix Fold smartphones within one minute

At the end of last month, Xiaomi introduced its first foldable OLED device, the Mi Mix Fold smartphone, with a main 8.01-inch HDR10+ 1860x2480 AMOLED display that folds inwardly, and an external 6.52-inch 90Hz HDR10+ 840x2520 AMOLED display.

Xiaomi Mi Mix Fold photo

The Mi Mix Fold is now shipping in China, starting at around $1,500. According to Xiaomi, it has sold around 40,000 units in the first minute - generating over $61 million in revenue for the smartphone maker.

Solus Advanced Materials to build a $20.5 million OLED materials plant in China

Korea-based OLED materials maker Solus Advanced Materials (previously Doosan Solus, which was spun-off from DEM in 2019) announced that it will setup a $20.5 million OLED materials fab in Changzhou, Jiangsu province in China.

Solus Advanced Materials OLED plant in Changzhou - render

The new factory will be modeled after the company's existing Iksan (South Korea) fab and iwll produce the same high quality OLED materials. It will start operations by the end of 2022, and by 2025 it will have a capacity of 20 metric tonnes.