UDC

UDC signed an OLED material evaluation agreement with Seiko Epson

 Universal Display announced that it has signed an OLED evaluation agreement with Seiko Epson. Under the agreement, Universal Display will supply its proprietary phosphorescent OLED materials and technology to Epson for AR/VR microdisplay applications.

Epson VM-40 OLED microdisplay based AR optical engine

Seiko Epson is producing OLED microdisplays (branded as Si-OLED) for many years. It's latest announced display is a 0.453-inch 1920x1080 panel. The company's displays are used in its Moverio series of AR smartglasses. The company is also developing optical design engines (its 4th-Gen one is pictured above).

Read the full story Posted: Jan 18,2023

Universal Display and Samsung Display sign a long-term material supply agreement

Universal Display announced that it has signed long-term OLED material supply and license agreements with Samsung Display. 

Universal Display PHOLED materials photo (2020)

These new agreements mean that UDC will continue and supply its PHOLED OLED emitter materials to Samsung Display. The agreements are scheduled to run through December 31, 2027, and may be extended for an additional two-year period. Financial terms of the agreements have not been disclosed.

Read the full story Posted: Dec 06,2022

UDC reported excellent financial results for Q3 2022

Universal Display reported its financial results for Q3 2022, with revenues revenues reaching a record high of $161 million, and a net income of $53 million. The company reiterated its forecast for 2022, with revenues of approximately $600 million, plus or minus $10 million.

UDC RGB PHOLED materials photo

Looking ahead, UDC remains positive of the OLED industry, but the near-term OLED demand may fluctuate due to uncertainties in the macro economy. UDC sees 2024 as a "pivotal year" for the OLED industry, with several new 6-Gen and 8-Gen OLED fabs due in that year.

Read the full story Posted: Nov 04,2022

OTI Lumionics raises $55 from Samsung, LG and UDC to bring its cathode patterning materials to market

Canada-based OTI Lumionics have raised $55 million in its latest round. This round included several strategic and financical backers - including LG Technology Ventures, Samsung Ventures, UDC Ventures, Anzu Partners and more.

OTI Lumionics materals and transparent display

OTI says it is close to commercialization of its technology and materials, but the company is still some years before this will reach products. Towards the end of 2022 OTI started shipping its 2nd-gen ConducTorr Cathode Patterning Materials (CPM) to customers, but perhaps these were only sample shipments. OTI materials are used to create OLED displays with under-the-display camera and face unlock technologies.

Read the full story Posted: Oct 27,2022

UDC reports its financial results for Q2 2022, lowers its 2022 guidance

Universal Display reported its latest financial results, for Q2 2022, with revenues of $136.6 million, an operating profit of $53.3 million and a net income of $41.5 million. These results were less than expected by analysts. The company ended the quarter with $834 million in cash and equivalents.

Universal Display PHOLED materials photo (2020)

UDC's 2021 revenues were a record high of $554 million, with a net profit of $184 million. UDC expects the OLED industry to continue to grow in 2022, and the company believes its revenues in 2022 will be between $625 million to $650 million (an increase of 12% - 17%).

Read the full story Posted: Aug 05,2022

DSCC: OLED material sales to reach almost $3 billion by 2026

DSCC updated its OLED material market data, and it now sees AMOLED stack material revenues growing at a 18% from 2020 ($1.07 billion) to 2026 ($2.9 billion). If UDC actually manages to release a commercial blue PHOLED, the market could even exceed $3 billion.

OLED material revenues by application (2019-2026, DSCC)

The majority of OLED material revenues from from TV applications, but the market share of mobile devices is expected to grow and reach almost 50% by 2026.

Read the full story Posted: Jul 07,2022

Apple finalizes its supply chain for the iPhone 14 AMOLED displays, starts ordering panels from BOE again

According to reports from Korea, Apple has started to sign agreements regarding the supply of OLED displays for the next iPhone model (iPhone 14). As always, the main supplier will be Samsung Display, which will supply 80 million units of its latest LTPO AMOLED display (M12 stack) to Apple.

Apple iPhone 13 photo

Apple is set to release four iPhone models. The iPhone 14 (6.1-inch), 14 Plus (6.7-inch), 14 Pro (6.1-inch) and 14 Pro Max (6.7-inch).

Read the full story Posted: Jun 21,2022

UBI: the OLED emitter material market up 9% to $420 million in Q1 2022

UBI Research says that the OLED emitter material market reached $421 million in Q1 2022, down 21.1% from the previous quarter, but up 9% compared to Q1 2021. UBI estimates that the OLED emitter material market will reach $1.77 billion in 2022, and will grow to $2.4 billion by 2026.

UDC RGB PHOLED materials photo

UBI says that sale of materials for TV and mobile devices decreased (compared to Q4 2021) while sales of materials for the production of IT (laptops, tablets and monitors) displays were up $6.6 million.

Read the full story Posted: Jun 14,2022

UDC reported excellent financial results for Q1 2022

Universal Display reported its financial results for Q1 2022, with revenues of $150.5 million and a net income of $50 million. UDC's results were better than expected as the adoption of OLED displays increases in AR/VR, smartphones, foldables, TVs, IT and automotive markets.

UDC RGB PHOLED materials photo

UDC reiterated its estimation that it will be ready to introduce a commercial blue PHOLED material to the market in 2024.

Read the full story Posted: May 06,2022

Universal Display reports its financial results for Q4 2021, hopes to have a commercial blue PHOLED by 2024

Universal Display reported its financial results for Q4 2021. Revenues for the quarter were $146 million, while net income was $46 million

Universal Display PHOLED materials photo (2020)

UDC's 2021 revenues were a record high of $554 million, with a net profit of $184 million. UDC expects the OLED industry to continue to grow in 2022, and the company believes its revenues in 2022 will be between $625 million to $650 million (an increase of 12% - 17%).

Read the full story Posted: Feb 24,2022