Universal Display (UDC) logoUniversal Display (UDC) is an OLED research company, and one of the field's pioneers. UDC is involved in OLED IP, and holds many patent related to the commercialization of phosphorescent based OLEDs and also flexible, transparent and stacked OLEDs - for both display and lighting applications. The company offers both emitting and host materials.

UDC licenses its OLED production IP, and also sells OLED chemicals. UDC lists Samsung, LG, Pioneer, Panasonic Idemitsu OLED lighting and Konica Minolta as its licensees. UDC is working with many other companies, including Sony, DuPont and Novaled. Back in 2009 UDC claimed that "virtually All AMOLEDs on the market use our technology".

UDC trades in the NASDAQ (ticker: OLED). We posted a Q&A article with the company's director of communication in April 2014.

Company Address: 
375 Phillips Boulevard
Ewing, NJ 08618
United States

The latest UDC news:

Universal Display partners with EMT for OLED host materials production

Earlier this month Universal Display announced that it has established a network of OLED materials partnerships to help commercialize its new host materials. Today UDC announced the first such partners, China-based Eternal Material Technology Company (EMT).



UDC PHOLED materials photo (2017)

UDC announced that the two companies are working together to commercialize OLED host materials. EMT will be a volume manufacturer and vendor of these host materials to OLED panel markers in China.

Universal Display and Merck to accelerate development of OLED materials and technologies

Universal Display and Merck announced that the two companies will collaborate on OLED research and development. The two companies will join their know-how to accelerate the development of new products.

This joint development program brings together UDC's leading-edge phosphorescent OLED emitters with Merck's state-of-the-art transport materials. The objective is to develop higher performing OLED stacks for OLED manufacturers around the world.

Universal Display reports excellent quarterly results and increases its guidance for 2019

Universal Display reported its financial results for Q2 2019. Revenues were $118.2 million, the operating profit reached $48.7 million and net income was $43.4 million. UDC increased its 2019 revenue guidance to be in the range of $370 million to $390 million. The company ended Q2 with $553 million in cash and equivalents.

UDC PHOLED materials photo (2017)
The Q2 results include about $15-20 million of orders that UDC estimates were pulled-in from the second half of 2019 as Chinese customers build up inventory for trade-related reasons.

DSCC sees the OLED material market growing from $1 billion in 2018 to over $2 billion in 2022

DSCC analysts say that OLED stack materials will grow from $1.04 billion in 2018 to over $2 billion in 2022 - a CAGR of 17%.

OLED material revenue by application (2017-2023, DSCC)

DSCC says that up until now it greatly underestimated Novaled's revenues, and it now says that Novaled generated revenues of $97 million in 2017 and $122 million in 2018. Novaled is the third largest OLED material company by revenue - following Universal Display and Merck. The three companies combined will hold a market share of 56% in 2023.

Universal Display to show new automotive OLED emitters and an OVJP device prototype

Universal Display announced that next week during SID DisplayWeek it will demonstrate, for the first time, a PHOLED display device that was produced using the company's OVJP process at its recently-installed pilot line system.

UDC emitter and host materials photo

The green OVJP device features a lifetime of over 50,000 hours (LT95) at 1,000 nits. At the tradeshow UDC will also show its latest commercial and development red, yellow, green and blue phosphorescent material systems in its "eco-friendly PHOLED Garden".

UDC launches its own venture arm - UDC Ventures

Universal Display announced that it has formed a new corporate venture arm called UDC Ventures. UDC Ventures plans to invest and partner with new start-ups and companies with an emphasis on technology platforms that have a strong proprietary position and significant growth potential.

UDC Ventures logo

UDC Ventures has several strategic sectors of interest, including OLED, organic electronics, displays, lighting, materials science and other related areas. UDCV will invest in companies at all stages - from early R&D through late-stage established companies.

Universal Display reports excellent Q1 2019 results

Universal Display reported its financial results for Q1 2019, with revenues of $87.8 million, an operating profit of $34.3 million and a net income of $31.5 million. UDC sees solid momentum in the OLED industry and it is raising its 2019 revenue guidance - to be in the range of $345 million to $365 million. UDC ended the quarter with $527 million in cash and equivalents.

UDC PHOLED materials photo (2017)

Regarding its blue emissive system development, UDC says that it continues to make "excellent progress" in its ongoing development work. UDC still cannot predict when its blue OLED will be commercially available.

UDC: our RGB1B2 AMOLED architecture minimizes blue light hazard

In 2010 Universal Display announced a new AMOLED display architecture called RGB1B2 that uses two blue sub-pixels - a fluorescent deep-blue and a phosphorescent light blue. The introduction of a light blue sub-pixel can significantly extend the operational lifetime of an OLED display and reduce the display's power consumption by as much as 33%.

UDC RGB1B2 AMOLED architecture, blue light (OLED Korea 2019)

The RGB1B2 was never adopted (one of the reasons is that adding another sub pixel complicates the TFT backplane and has other disadvantages - but the architecture is now again on the table and UDC presented it again at OLED Korea 2019.

Universal Display announces an OLED evaluation agreement with China's CSoT

Universal Display announced that it has signed an OLED evaluation agreement with Wuhan China Star Optoelectronics Semiconductor Display Technology (CSOT). UDC will supply CSOT with proprietary UniversalPHOLED phosphorescent OLED materials for display applications. UDC did not disclose any more details about the agreement.

Towards the end of 2018, CSOT, a subsidiary of TCL, started construction on its T7 large-area display production fab. The T7 fab, which has a total cost of around 42.7 billion Yuan ($6.15 billion USD), will produce both LCD and OLED displays on IGZO backplanes. CSOT's plan is to start production by the end of 2020 - with real mass production starting in 2021.

Things we learned at the first day of OLED Korea 2019

The first day of the OLED Korea 2019 conference is almost over - with some interesting lectures and talks by leading OLED companies and professionals. Here are some of the things under discussion today (highlights only):

  • Some believe there will be a real market for >$2,000 foldable OLED devices, and some call for cost reductions before real adoption could take place
  • LG Display is optimistic regarding the future of OLED TVs
  • Samsung will not commit yet to its QD-OLED technology
  • Both Cynora and Kyulux are rapidly progressing towards a long lasting TADF/HF blue - but it seems there's still work to be done
  • Idemitsu Kosan is increasing its fluorescent OLED emitter efficiency
  • Universal Display's RGBB architecture is back on the table - and the company now highlights the architecture's low blue light emission. UDC seems more optimistic then ever regarding blue PHOLED commercialization
  • Equipment maker's focus is shifting to China as Korean OLED makers will not increase capacity in the near future

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