China-based display driver IC designer Viewtrix Technology is set to IPO at the Hong Kong stock exchange (Main Board), on May 27. The company will trade with the ticker 3310.HK.
Viewtrix (also known as Yunyinggu Technology), plans to offer 52,9 million shares, with an initial price of 20.8 HKD. Viewtrix hopes to raise around 997 million HGD (or $127 million USD) from the IPO.
Himax Technologies announced that its HX85200 series on-cell OLED touch controller IC has been adopted by multiple leading global IT brands and is being designed into high-end OLED laptop PCs. Mass production of these new PCs, with Himax's touch controller IC, will begin in the first quarter of 2026.
Himax says that its HX85200 OLED touch controller IC integrates industry-leading differential signal processing circuitry and advanced algorithms to deliver highly accurate multi-finger capacitive touch performance while supporting various OLED panel architectures. Himax says that the laptops that utilize its new chip will achieve smoother and more responsive touch interaction, while maintaining low touch-display interference.
China-based display driver IC designer Viewtrix Technology is set to IPO at the Hong Kong stock exchange (Main Board), and as part of the process, the company has disclosed its financial performance and market position.
The company estimates that it is China's leading AMOLED display driver IC producer. In the OLED microdisplay backplane market, it ranks second in the world, holding a 40.7% global market share (the company quotes market information from Frost & Sullivan).
According to TheElec, LG Display plans to cut the number of display drivers ICs (DDI) is uses in its OLED TV panels in 2026. This will enable the company to reduce the cost of its OLED TV modules.
The company managed to double the rate drive on its OLED TV ICs, using a technique called DRD, which doubles the signal transfer rate, and so it can make use of half the number of drivers per panel. This is the first time that DRD are used on OLED TV panels (it has been used for LCD panels for many years).
China-based display IC developer Tianyi Micro announced a strategic cooperation with Israel-based foundry Tower Semiconductor, to develop next-generation OLED microdisplay backplanes.
The new driver ICs will be based on Tower’s unique 180nm and 65nm dedicated micro display backplane process flows, supporting current-driven (as opposed to voltage-driven) OLED pixel designs.
OLED driver IC developer MagnaChip announced its financial results for Q4 2022, with revenues of $61 million, down 44.7% compared to Q4 2021, primarily due to severe 28nm wafer shortages.
In full-year 2022, the company reports revenues of $337.7 million, down 28.8% from 2021. The company does report, however, taht it signed a Tier-1 panel customer outside of Korea, and it qualified two new foundries to strengthen its supply chain. During the last quarter, MagnaChip successfully qualified two OLED projects with its two leading panel customers and expect to begin shipping at the end of this quarter.
OLED driver IC developer MagnaChip has launched its first power management integrated circuit (PMIC) specifically designed for IT devices with OLED displays.
A PMIC supplies power to electronic devices, and it is an important component in mobile devices to optimize power consumption. The newly-designed PMIC communicates with a system by using an Inter-Integrated Circuit (I2C) interface and can control functions such as output voltage control, ON/OFF block, output voltage sequence management, and more. It supports variable refresh rate OLED displays, from 60Hz to 240Hz.
OLED driver IC developer MagnaChip started shipping OLED display drivers in 2007, and the company announced yesterday that it has shipped over 730 million units since.
MagnaChip recently expanded its business area into new markets such as foldable smartphones, automotive displays and OLED TVs. The company expects the OLED DDIC market to grow rapidly in the next new years and quotes Omdia's estimate of 1.2 billion OLED panels shipped in 2028.
In February 2022 it was reported that BOE failed to secure enough driver ICs, and had to reduce its AMOLED production volume. According to new reports from Korea, BOE is still facing IC supply issues, and it is estimated that it AMOLED volume will remain lower than expected at least until May.
The new report suggests that beyond the IC supply constraints, BOE is also suffering from low yields at its new B12 fab in Chongqing, lower than what it hoped for in 2022.
