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:
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.
Thermal activation sensitized fluorescence, or TASF, is a new type of TADF OLED emitter material developed at China's Tsinghua University. During SID Displayweek, Visionox demonstrated the first TASF prototype display.
We do not have a lot of information on this new emitter technology, except what Visionox provided at the conference: a sky-blue color (468 nm, CIE: 0.153, 0.201), a luminous efficiency of 26.6 cd/A and an external quantum efficiency of over 17%. The brightness of this OLED PMOLED display was 800 nits.
China-based OLED producer Visionox announced that it started to produce flexible AMOLED displays at its new 6-Gen OLED fab, in Hebei Province. The new line has a monthly capacity of 30,000 substrates (although it is likely that it will take some time before the new fab runs at full capacity).
Visionox's first flexible OLED fab total investment is around $4.5 billion. Visionox is already producing rigid AMOLED and PMOLED displays.
The world's leading display conference, SID DisplayWeek, is now over, and it was a great event. This is just a quick first impression post - you can expect many more OLED-Info articles in the next couple of weeks after we get back to the office and sort through all the materials, interviews, photos and videos we have.
While LCD is still the dominant display technology in many applications, it is clear that OLEDs are taking over as the most promising technology, and we have seen exciting presentations and demonstrations from many companies. It was interesting to see how the three Chinese OLED makers at SID, BOE, Visionox and Tianma, have large booths with many flexible and foldable OLED displays and end products, while Samsung and LG Display both have very limited show areas compared to previous years. This is an interesting evidence to China's rising dominance - but also to Samsung's and LGD's focus on more consumer trade shows such as CES.