Visionox is based in China and was founded by Tsinghua University and other investors in 2001 with an aim to develop and manufacture OLED display and lighting panels.
The company has been producing PMOLED displays for many years, and has begun AMOLED production in late 2015. In 2018 Visionox announced that it started to produce flexible AMOLED displays at its new 6-Gen OLED fab, in Hebei Province.
In 2015 Vixionox spun-off its OLED lighting business into a separate company called Yeolight Technology.
The latest Visionox news:
China-based OLED producer Visionox announced plans to establish its 2nd flexible OLED production line in Hefei. The new line will have a monthly capacity of 30,000 1500x1850 mm substrates (6-Gen), similar to the company's first line in Hebei.
The construction of the new line will take 25 months - so mass production will not begin before the end of 2020. Total investment in the new production line will be $6.3 billion, out of which $3.15 billion will be raised with debt and the rest by equity - by Visionox and the Hefei Municipal People's Government.
In 2013, Samsung announced its YOUM flexible OLED brand, showing off several flexible OLED prototypes - including a foldable phone/tablet. Samsung never used the YOUM brand name again, but the foldable smartphone concept presented in 2013 (see image below) is still exciting consumers - and many of them are still waiting for Samsung to commercialize the technology.
Fast forward to 2015, and the first reports of Samsung's Project Valley started to surface. Samsung started to actually develop a foldable phone, with plans to release its first device in 2016. Samsung faced many challenges - and delays - in its foldable smartphone project (which was recently renamed to Project Winner) - including problems with the substrate and the software and user interface.
Earlier this month, Nubia demonstrated a smartband that turns into a smartphone - with a foldable OLED display. We assumed that Nubia is using an OLED produced by either BOE or SDC, but it turns out that the producer is China-based Visionox.
A couple of days ago, at the 2018 China Display Technology Conference, Visionox demonstrated some of its latest foldable panels, and announced that the Nubia is using the company's panel. According to our information, the Nubia uses a 3.23" AMOLED display (when open) - and the device will indeed start shipping in China soon (before the end of 2018).
Visionox announced a complex restructuring move, that seems to indicate that the company (which recently reversed-merged with Black Cattle Foods) aims to focus on its AMOLED business and sell its PMOLED business.
The new restructuring, or the PMOLED business sale, involves several China-based companies - including local municipalities, financial investors and even a travel company.
Market analysts from CINNO Research estimate that Samsung Display produced 160.9 million AMOLED displays in H1 2018, which sets SDC's market share in the mobile AMOLED market at 93%. The two other large producers are LG Display and Visionox, both producing 3.5 million panels (2% market share).
Both Everdisplay (EDO) and BOE produced 1.7 million panels in the first half of 2018 - or about 1% of the market each. AU Optronics and Tianma produced 0.7 million panels (0.4% market share) and Truly closes the list with a market share of 0.2% (400,000 panels).
DSCC recently said that SDC's OLED fab utilization is starting to improve as production starts for next-gen iPhones and Galaxy phones, and UBI Research also says that the market recovery is starting. CLSA, however, says that it is too soon to talk about OLED recovery.
CLSA agrees that SDC's fab utilization will rise from about 35% to 80% in the second half of 2018, but CLSA also believes that Samsung is not even considering the A4 fab (30,000 monthly substrates) which will remain idle, which means that actual utilization will be lower than stated.
Display Supply Chain Consultants (DSCC) says that in Q1 2018 OLED revenues dropped 33% compared to Q4 2017 (but grew 39% compared to Q1 2017) and amounted to $5.9 billion. DSCC says that OLED revenues will decline further in Q2 2018 but will recover in the second half of 2018. Full-year revenues are expected to reach $26.95 billion, while the market will reach $57.2 billion by 2022.
Samsung Electronics was the top OLED customer in the first quarter, and together with Apple (#2) the two companies consumer 79% of all OLED panels by revenue.
China-based OLED producer Visionox signed a long-term licensing and material purchase agreements with Universal Display. UDC will supply its phosphorescent OLED materials to Visionox. UDC did not disclose the details or financial terms of these agreements. This follows the evaluation agreement signed by UDC and Visionox in February 2018.
Visionox is producing PMOLEDs, AMOLEDs and flexible AMOLEDs, and the company demonstrated some very impressive displays at SID Displayweek last month. Last month Visionox announced that it has started to produce flexible OLEDs at its new 6-Gen fab in Hebei.
China-based OLED producer Visionox had a very impressive booth at SID 2018, demonstrating the company's latest AMOLED and PMOLED displays and prototypes.
Visionox is now producing AMOLED displays for smartphones and wearables and the company showcased a wide range of AMOLED panels and also commercial phones that use these panels. Visionox also demonstrated many new display prototypes.
China PMOLED and AMOLED producer Visionox demonstrated its first transparent OLED at SID Displayweek, a small transparent blue panel (60% transmittance).
The tag next to the display said this was a transparent AMOLED, but it is more likely that it was a PMOLED display - after all it was a simple monochrome blue one. In any case it is great to see Visionox developing transparent displays, in addition to the other next generation technologies it demonstrated at DisplayWeek.