Company type:  

Universal 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's customer list include Samsung, LG, Konica Minolta, BOE and others. In fact almost all OLED displays on the market make use of the company's emitters.

 

UDC trades in the NASDAQ (ticker: OLED).

Company Address

375 Phillips Boulevard
Ewing, NJ 08618
United States

UDC announces new narrow-spectrum PHOLED materials, reports advances in OVJP deposition technology

Universal Display announced that it will detail advances in its latest PHOLED materials at Display Week 2023. The company's latest red, green, and blue PHOLED materials offer a narrow emission spectrum, which increases the efficiency of OLED devices, in addition to enhancing the color gamut.

UDC PHOLED materials photo (2017)
UDC also unveil a new OVJP system printed on a 200mm x 500mm Corning Astra Glass substrate. UDC will also showcase the first-ever fully printed seven-layer (HIL/HTL/EBL/EML/HBL/ETL/EIL), 80 PPI, green commercial-level PHOLED device fabricated by its R&D OVJP system that has comparable device performance with vacuum thermal evaporation (VTE). 

Read the full story Posted: May 22,2023

UDC and PPG announce that their OLED production site in Ireland is starting production

In 2000 PPG Industries and Universal Display established a strategic relationship in 2000, and since then PPG has been the exclusive producer of UDC's PHOLED emitter materials. In 2021, the two companies announced that they will establish a new manufacturing site in Shannon, Ireland, for the production of UDC's emitters. Now UDC announced that the new fab is commencing operation.

The new production site will double PPG's production capacity of UDC's PHOLED emitters. This will also increase the company's ability to ensure uninterrupted supply of its crucial materials for the OLED industry. 

Read the full story Posted: May 18,2023

UDC acquires Merck's phosphorescent OLED emitter IP, enters into a PHOLED stack development partnership

Universal Display Corporation announced that it has acquired Merck's Phosphorescent OLED Emitter Intellectual Property (IP) assets. This portfolio includes over 550 issued and pending patents around 172 patent families with an average lifetime of 10 years, and represents over 15 years of R&D. 

UDC RGB PHOLED materials photo

The two companies also entered into a multi-year collaboration agreement, in which the two companies will create advanced PHOLED stacks based on UDC's OLED green and yellow emitters and Merck's transport and host materials.

Read the full story Posted: May 04,2023

Universal Display reports its financial results for Q1 2023

Universal Display reported its financial results for Q1 2023, with revenues of $130 million (down from $150 million last year) and net income of $40 million (down from $50 million in 2022).

Universal Display PHOLED materials photo (2020)

UDC says that near-term demand for OLED displays is still soft, but the company remains confident on the long-term growth path for OLED displays. Looking ahead into 2023, the company expects yearly revenues to be in the range of $550 million to $600 million.

Read the full story Posted: May 04,2023

Universal Display reports its Q4 2022 financial results

Universal Display Corporation reported its financial results for Q4 2022, with revenues of $169 million and a net income of $65 million. Looking at 2022 as a whole, revenues reached $617 million (up 11% from 2021) while net income was $210 million, up 14% from 2021. The company ended 2022 with $826 in cash and equivalents.

UDC RGB PHOLED materials photo

The company expects the OLED industry to begin a new investment cycle in 2024, but in the near term the company sees a "temporary backdrop", and so expects its 2023 revenues to be in the range of $550 million to $600 million.

Read the full story Posted: Feb 25,2023

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 million 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