Visionox - Page 4

UBI Research estimates hat shipments of OLED panels for IT applications (tablets, monitors and laptops) will reach 48.8 million units by 2027, growing from around 9.5 million units in 2022 (a CAGR of 39%).

In 2022-2024, the main application for OLED panels is in laptops, but this will change from 2025 and onwards as tablets will also become a dominant applications (as Apple will start adoping OLEDs in its high-end iPads).

Visionox announced plans to build a new flexible and foldable OLED module production line, in Hefei. Total investment in the new project will amount to 11 billion Yuan (around $1.6 billion USD), and Visionox will receive financial assistance from the local government.

Visionox started trial production at its M4 flexible OLED module factory in Guangzhou in late 2020. The company's 2nd OLED line is located in Hefei and is already mass producing panels.

Towards the end of 2021, it was reported that Visionox has finalized its LTPO R&D project and is ready to start producing LTPO OLED displays. The company now officially launched its first LTPO AMOLED dipslay, that can offer a dynamic refresh rate, from 1Hz to 120Hz. Visionox expects the first phones to adopt these new displays to be released soon.

The new LTPO AMOLED displays are produced at Visionox's Hefei 6-Gen flexible AMOLED line. This is the first LTPO OLED displays produced in China (previously only Samsung and LG produced such advanced panels).

According to reports from China, Visionox has finalized its LTPO R&D project and is now starting to produce LTPO OLED displays. This will enable the company to compete with Samsung and other leading OLED producers for the high-end smartphone display segment.

Low-Temperature Polycrystalline Oxide, or LTPO, is an OLED display backplane technology developed by Apple. LTPO combines both LTPS TFTs and Oxide TFTs (IGZO, Indium Gallium Zinc Oxide) to enable variable refresh rate displays, and power savings of up to 15%. LTPO AMOLED displays are widely used today in high-end smartphones and other mobile devices.

Chinese OLED producer Visionox demonstrates several new OLED technologies at SID Displayweek 2021. We'll list some of these new achievements in this post, and you can see these in the video below.

Visionox shows a 'dynamic' 12.3-inch rollable display which feature a 5 mm rolling radius. A 7.92" foldable (2 mm radius) wrap-around display solution. Visionox also demonstrates a 12.3" three-folded OLED that can fold inwards (2.5 mm radius) or outwards (6.5 mm) - to become a 5.4-inch display.

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.

DSCC says that OLED production will grow 94% in the Q2 2021, fueled by strong demand for OLED in smartphones, TVs and other devices - coupled with a recovery from the pandemic. Growth in OLED input area for small & medium displays is expected to grow 68%, while grow in OLED TV input area will grow by 134% over last year.

The chart above shows the total OLED (and mobile LCD) industry capacity. As you can see, flexible OLED capacity is growing - mainly from expansions by CSoT, Tianma and Visionox. There's also growth in rigid OLED capacity - from Everdisplay and JOLED.

China-based OLED maker Visionox has spun-off its PMOLED business, to create a new company called Qingyue. Visionox will now focus on AMOLED production (after having spun-off its OLED lighting unit Yeolight back in 2015).

Qingyue, which is one of the world's leading PMOLED makers, has two 370x400 mm production lines, each with a capacity of 8,000 monthly substrates (around 1.75 million 1 displays).

China-based OLED maker Visionox reported good preliminary financial results for 2020, with increased sales and improved revenues and profits. The company expects its net profit to be around 141-210 million Yuan ($21-31 million USD), which will represent an increase of 120-227% over 2019.

The company says that its ability to innovate OLED technologies (specially the world's first OLED with an under-the-screen camera and the world's first 144Hz refresh rate OLED) enabled the company to increase its customer base and in 2020 it has added OPPO and Motorola as customers.

A couple of months ago ZTE announced the first smartphone with an under-the-OLED camera - the The Axon 20 5G. The phone is now shipping, and first reviews are quite dismal in terms of the quality of the selfie camera - and the effect on the screen.

YouTuber JerryRigEverything performed an interesting teardown of the Axon 20 5G, where he shows how the technology works - there's a small transparent OLED display right on top of the camera that is attached to the regular punch-hole display. The display in this phone is made by Visionox.