LG Chem acquires DuPont's soluble OLED IP and technologies

LG Chem has acquired DuPont's soluble OLED technologies an assets, in a deal estimated at $175 million. LG Chem will receive DuPont's entire soluble OLED IP (540 materials and process patents) and all of DuPont's related equipment and R&D facilities. The deal does not include any assets related to DowDupont's evaporation OLED business.

LG Chem and DuPont soluble OLED technologies acquisition ceremony

LG Chem believes that the OLED industry is moving towards ink-jet printing of OLED panels based on soluble OLED materials and technologies - and it has now acquired key technologies in this area. DuPont has been developing related materials for over 20 years, has been collaborating with equipment makers (such as Kateeva) and display makers and has also developed its own nozzle-printing process.

eMagin announces its financial results for Q4 2018, delivers OLED microdisplays for F35 helmet flight tests

OLED microdisplay maker eMagin reported its financial results for Q4 2018. While eMagin sees growing demand for its products and an increased backlog ($10.6 million as of the end of 2018), the company experienced a manufacturing equipment related issue in Q4 which resulted in lower yields and loss of production. Revenues were $5.4 million (down from $6.4 million in Q4 2017) and the net loss was $2.5 million.

eMagin XGA096 OLED-XL photo

Looking at the whole year of 2018, revenues were $26.2 million (up 19% from 2017) and net loss was $9.6 million. As of December 31, 2018, the Company had approximately $3.4 million of cash, cash equivalents.

UDC reports its financial results for Q4 2018

Universal Display reported its financial results for Q4 2018 - with revenues of $70.1 million and a net income of $19.2 million. UDC increased its quarterly dividend to $0.1 per share, and expects its 2019 revenues to be in the range of $325 to $350 million.

UDC recently adopted a new accounting standard (ASC 606) which lowers its revenue and income in the early stage of each royalty and material sales contact.

A group of investors from China and Taiwan to invest up to $700 million in Japan Display

In August 2017, Japan Display announced a last-resort strategic focus on OLED displays as the Japanese display maker failed to understand how quickly the industry will shift to OLED displays. JDI said it will need to raise $1.7 billion if it was to start OLED mass production (hopefully by the end of 2019).

According to Japan's Kyodo News Agency, a group of investors from China and Taiwan have agreed to invest 60-80 billion Yet ($540-721 million USD) in order to bailout JDI. The lead investors will apparently be China's state-backed Silk Road Fund and display maker TPK from Taiwan. In exchange for the investment, the group will take a 30-50% stake in Japan Display.

Samsung Display to review its QD-OLED investment plan on April

According to reports, Samsung Display will hold an investment review committee on April 2019 to decide whether to go ahead with plans to start producing QD-OLED TV panels. If the plan is approved, Samsung will start installing production equipment towards the end of 2019, with mass production starting by the end of 2020 or early 2021.

QD-OLED stack scheme (DSCC, Oct-2018)

According to earlier reports, Samsung aimed to start pilot production of QD-OLED TV panels in 2019. It's not clear whether the new reports suggest a delay or whether they only refer to the mass production step, with pilot production proceeding as planned.

Samsung reports its Q4 2018 financial results - lower OLED revenues, demand will pick up in H2 2019

Samsung Electronics reported its financial results for Q4 2018, with revenues of KRW 59.27 trillion ($53 billion USD), down 10% from Q4 2017. Samsung's operating profit of KRW 10.8 trillion ($9.6 billion) was down 29% from 2017.

Samsung Display reported a decline in rigid smartphone OLED display sales - due to rising competition from LCD panels. Demand for flexible OLEDs was strong. In Q1 2019, OLED display sales will remain weak - but Samsung says that flexible OLED demand will pickup in the second half of 2019.

InZiv raises $2.5 million to develop next-generation OLED inspection tools

Israeli-based InZiv announced that it has successfully closed a Series A round, raising $2.5 million from Maverick Ventures Israel.

Using proprietary technology, InZiv designs and manufactures inspection equipment based on highly specialized nano-scale optics and near-field microscopy. InZiv's equipment is specifically designed to test next-generation display - such as OLEDs, Micro-LEDs and QLEDs. InZiv says that its nano-optical and metrological inspection equipment offers the ability to study a wide variety of defects not detectable with existing tools.

BOE announces plans for its fourth flexible OLED line, in Fuzhou, Fujian

Earlier this month we reported that BOE started to construct its 3rd 6-Gen flexible AMOLED production line in Chongqing's Liangjiang district (the B12 line). The Chongqing line will join BOE's first flexible 6-Gen OLED fab in Chengdu (the B7) and its second line in Mianyang.


BOE now announced plans for another large investment in a new flexible OLED fab, this one in Fuzhou, Fujian. This fab will be similar to BOE's other fabs - a 6-Gen (1500×1850 mm) line with a capacity of 48,000 substrates. The investment will total 46.5 billion Yuan (about $6.75 billion USD). This fourth line will bring BOE's total flexible OLED capacity to 192,000 monthly substrates.

DSCC: OLED equipment spending to rebound in 2020, but decline again in 2021

DSCC says that Q3 2018 was a record quarter for display equipment spending, as sales reached $7.8 billion billion in the quarter - up 13% from Q3 2017. In the quarter five new 6-Gen OLED lines were installed in addition to a 10.5-Gen LCD fab.The top 5 equipment vendors, according to DSCC, were Canon (13.1%), Applied materials (9.6%), Tokyo Electron, Nikon and SFA Engineering.

Display equipment spending by technology (2016-2022, DSCC)

Despite the record quarter, total display spending will fall 9% in 2018 (to $21.6 billion). OLED equipment spending is expected to drop 44% in 2019 to $7 billion as mobile OLED spending slows. DSCC says that OLED spending will rebound in 2020, and will increase by 50% to reach $10.5 billion. In 2021, DSCC sees OLED spending declining again, and then rebound in 2022.

The 4th International TADF Workshop 2019The 4th International TADF Workshop 2019