DSCC updated its AMOLED material market forecast, saying that the market will reach $1.4 billion in 2021 (up 32% from 2020), and grow at a 16% CAGR from 2019 ($927 million) to 2025, to reach $2.18 billion by 2025.

DSCC takes a look into the material cost for LG Display's WOLED TV panels. LGD will likely manage to implement incremental improvements in material utilization and price, which will enable the company to almost halve the material cost of its TV panels- from $88.14 per sqm in 2019 to $47.19 per sqm by 2025.

Universal Display reported its financial results for Q2 2021. Revenues were $129.7 million, and net income was $40.5 million.

The company expects its 2021 revenues to be in the range of $530 million to $560 million - which will mean a revenue growth of around 30% over 2020.

Universal Display reported its financial results for Q1 2021. UDC's revenues for the quarter were $134 million (down from $141.5 million in Q4 2020 and up from $112.3 million from Q1 2020) and net income was $51.7 million.

At the end of the quarter, UDC had $727 million in cash or equivalents. The company retained its 2021 guidance with revenues between $530 - $560 million.

Universal Display and Visionox announced that the companies extended their long-term OLED material supply and license agreements. The new agreement runs for five years - that's the only details of the new agreement that has been disclosed.

The original agreement between Visionox and UDC was signed in 2018.

Universal Display and LG Display announced that the companies have extended their long-term agreements. LGD and UDC signed new OLED Technology License and Material Purchase Agreements. The new extended agreements run for five years.

UDC and LG did not disclose any further details or any financial terms. The two companies signed the original agreement in 2015.

Phosphorescent materials are based on the addition of a heavy-metal to the emissive materials, and most (if not all?) commercial materials use Iridium. The price of this rare metal has hit an all-time high last week.

Towards the end of last year, the price of one oz of Iridium was $1,760. Last week it hit $6,000 - the price jumped over 300% in just three months. Experts explain that the price has risen due to a disruption in the supply in South Africa (which supplies around 80% of the global market) and strong demand from the electrical and electrochemical sector.

PPG Industries and Universal Display established a strategic relationship in 2000, and since then PPG is the exclusive producer of UDC's PHOLED emitter materials. The two companies announced that they will establish a new manufacturing site in Shannon, Ireland, for the production of UDC's emitters.

The new facility will double the production capacity of UDC's OLED emitters at PPG, and will also diversify the company's manufacturing base. UDC leased the Ireland site (which, up until now, was producing pharmaceutical intermediates) and will adapt it to PHOLED production. Facility improvements and regulatory approvals are expected to be completed in the next 12 months, and operations are scheduled to commence in early 2022.

Universal Display reported its financial results for Q4 2020. Revenues reached a record of $141.5 million, and net income was $54 million. For the whole of 2020, revenues reached $429 million and net income was $133 million.

UDC expects meaningful growth in 2021, and believe revenues will be in the range of $530 to $560 million. The company also announced an increase to its quarterly dividend (to $0.2 per share).

DSCC posted an interesting post with its latest views and forecasts on the OLED material market. The company expects AMOLED stack material sales to grow at a 18% CAGR in the next five years, from $294 million in 2019 to $2.46 billion in 2024. Compared to its previous estimate, DSCC sees higher sales as demand for OLED TVs and OLEDs in the IT market (tablets and notebooks) is increasing.

DSCC also posted an analysis of LGD's new evo OLED material stack. Compared to LGD's "standard" WOLED stack, the evo adds an emitting green layer to improve the brightness by 20%. This of course adds an extra material cost to the panel price.

A couple of months ago we reported that researchers at UDC developed an OLED device with plasmonic decay rate enhancement that dramatically increase device stability. It turns out that UDC filed for two new trademark applications that seem to hint it is aiming to commercialize this technology.

The two trademarks at PLASMON PHOLED and PLASMONLED, which both of course indicate that these are emitters that adopt plasmon technology.