LGD considers shutting down its E2 OLED production line due to the company's financial problems

LG Display is currently producing flexible AMOLED displays for Apple's smartwatches in its E2 4.5-Gen line in Paju. The company hasn't been able to improve its financials as LCD prices are under pressure, and following a recent managerial shuffle, it is now reported that LGD is considering shutting down its E2 line.

Apple Watch Series 5 photo

The E2 production capacity is around 20,000 substrates per month, but it is less economical than LG's larger OLED lines, the E5 and E6 lines which are 6-Gen lines. LG will reportedly move production from its E2 line to its larger lines.

JDI may convert its Hakusan Ishikawa LCD fab to OLED production

Japan Display recently secured a 80 billion Yen (around $740 million) bailout plan from the China-based Harvest Group, Hong Kong-based activist investor Oasis Management and an unnamed JDI customer - which is likely to be Apple.

In August 2017, Japan Display announced a last-resort strategic focus on OLED displays as the Japanese display maker failed to shift to OLED displays in time. JDI now announced that it is extending the shut-down of its Hakusan Ishikawa LCD fab due to slow demand for LCD displays from Apple. JDI is talks with the Harvest Group to convert the fab to OLED production.

The EU to continue and support the PI-SCALE / LYTEUS project

In 2016 the EU launched the PI-SCALE project, which established a European-wide roll-to-roll flexible OLED lighting pilot production line, with an aim to enable companies of all sizes to quickly and cost effectively test and scale up their flexible OLED lighting concepts. In 2018 the EU has launched a €14 million initiative within PI-SCALE called LYTEUS, which provides the expertise and capability required to progress an OLED lighting concept from an idea and into a commercialized product.

Sample OLED lighting designs, Lyteus 2019

The PI-SCALE project has successfully been completed, and the Fruanhofer FEP institute now announced that following a meeting with the EU Commission representatives, it was decided that the OLED lighting pilot line services will continue to be funded, under the lead of the Fraunhofer FEP. The pilot line service will continue under the name LYTEUS.

IHS: the OLED smartphone market totaled $3.8 billion in Q2 2019

IHS Markit says that the global OLED smartphone market totaled $3.8 billion in Q2 2019. The top producer was Samsung Display had a market share of 82% ($3.15 billion in revenues).

Xiamoi Mi Mix 3 5G photo

The second largest OLED smartphone maker is China's BOE Display that had a 12% market share ($456 million in revenues). BOE experienced very vast growth - its market share in Q4 2018 was only 4% and in Q1 2019 it was 9%.

BOE shipped 9.1 million AMOLED displays in H1 2019, warns of weak flexible OLED demand

BOE says that it shipped 9.1 million AMOLED displays in the first half of 2019 - better than expected as Huawei increased its OLED penetration to 24% in Q2 2019 (up from 9% in Q2 2018). BOE though warns of weak demand for flexible OLEDs and the company lowered its 2019 fully-year guidance to 30 million units (down from 30-50 million).

BOE further announced that it will delay the phase 3 of its Chengdu B7 6-Gen OLED fab due to the weak flexible OLED demand. CLSA estimates that BOE ships more than 60% of Huawei's flexible OLED displays. Over 90% of BOE's OLED revenue is attributed to Huawei, but BOE aims to add one or two new customers starting in Q4 2019.

Tianma to establish a 6-Gen flexible OLED fab in Xiamen, in a $6.8 billion investment

China-based Tianma announced that it plans to construct a 6-Gen flexible AMOLED production line in Xiamen. The company will setup a joint-venture with the local government that will help finance the new fab, which will cost an estimated 48 billion Yuan ($6.8 billion USD).

Tianma estimates that it will take 30 months to construct the fab, which means that initial production is estimated to start in February 2022. The new fab, when in full capacity, will product 48,000 6-Gen substrates each month.

eMagin announces its financial results for Q2 2019

OLED microdisplay maker eMagin reported its financial results for Q2 2019. Revenues were $5.4 million, down from $7.1 million a year ago and eMagin had an operating loss of $2.9 million (down from $3.6 million in Q2 2018). At the end of the quarter eMagin had $3.7 million in cash and equivalents.

eMagin XGA096 OLED-XL photo

eMagin says that the second quarter of 2019 was a challenging one for the company, as deliveries were impacted by continuing production issues and revenue and profitability fell short of expectations. The company is taking several actions to address the shortfall and are seeing early signs of progress. The company's backlog remains strong, at $11.6 million (an increase of approximately $1 million over the backlog of $10.6 million at December 31, 2018).

Doosan to spin-off its OLED materials business

Korea-based Doosan Corp is planning to spin-off its OLED materials unit. The company's shareholders approved the plan. The new company will be called Doosan Solus, and will list on the Korean stock market on October 1st.

Doosan Solus will take over Doosan's OLED materials unit, which produce host materials for OLED displays. The company will also produce battery foil materials and bio components used in cosmetics and pharmaceuticals.

Visionox announces plans to establish a $1.6 billion AMOLED module factory in Guangzhou

China-based OLED producer Visionox announced plans to establish a flexible and foldable OLED module factory in Guangzhou, China. Together with the local government, Visionox plans to invest 11.2 billion Yuan (around $1.6 billion USD) in this new factory.

Visionox 6-Gen flexible AMOLED fab (Hebei, China)

Visionox did not provide any time frame for this new fab. The company is currently operating a 6-Gen AMOLED production line in Hebei (with a monthly capacity of 30,000 substrates) and has announced plans to establish a similar flexible OLED line in Hefei in a $6.3 billion investment.

Cambridge Isotope Laboratories - Deutreated Reagents and High-Purity Gases for OLEDsCambridge Isotope Laboratories - Deutreated Reagents and High-Purity Gases for OLEDs