Royole was established in 2012 to develop novel display technologies and IP. Royole is constructing a $1.7 billion 5.5-Gen (45,000 monthly substrates) flexible AMOLED production facility in Shenzhen, China. The new fab is scheduled to begin operation in 2018.

In addition to the flexible display technology, Royole also develops VR headsets, and the company's first headset, the Royole Moon was launched in September 2016.

Royole is backed by several Banks and VC funds and has offices in California US and Shenzhen, China. In September 2017 Royole raised $800 million in its fourth financing round.