China-based AMOLED producer Everdisplay is constructing a new 6-Gen production line in Shanghai, an expansion of its existing fab. The company's original plan was to start mass production in December 2024, but it now announced it will delay this and mass production is now only expected in december 2025. This is the second delay of this project.
Everdisplay says that the reason for the delay is that the company wishes to upgrade the line to the latest OLED technologies, such as LTPO backplanes, Tandem stack architecture and a hybrid platform (which means rigid OLEDs with TFE encapsulation and a glass backplane).
The new production line will have a monthly capacity of 15,000 6-Gen substrates. This will bring EDO's total capacity in Shanghai to 45,000 monthly substrates.
A few weeks ago Everdisplay reported improved financial results, with revenues of $340 million USD in the first half of 2024, and a loss of $180 million. The company says that the delay in the 6-Gen expansion plan is not related to its financials and the project's plans and costs haven't changed.
In addition to the 6-Gen panel production line, Everdisplay is also building an AMOLED module factory in Yangzhou (Jiangsu province), in a $825 million investment.
