OLED-Info | OLED industry portal - Page 2

LG Display reported its financial results for the third quarter of 2024. Revenues increased 43% over last year, reaching 6.8 billion Won (almost $5 billion USD), while the net loss amounted to 337 billion Won or $244 million USD (down from 775 billion Won in Q3 2023).

LGD continues to shift its business to OLED technology, with the proportion of OLED products rising 16% in the year, reaching 58% of LGD's revenues.

In 2022, Japan Display (JDI) announced that it has developed a "historic breakthrough in display technology" - a new OLED deposition process which they refer to as eLEAP, that is said to be cost effective and can be used to create freeform OLEDs that are brighter, more efficient, and longer lasting compared to OLEDs produced using mask evaporation (FMM).

JDI is building a small-scale 6-Gen eLEAP production line in Mobara, Japan, with plans to begin production before the end of 2024. The company is also planning to establish a 8.7-Gen eLEAP fab in Wuhu, Anhui Province, China, and in April 2024 it said it hopes to sign the agreement with Wuhu's Economic and Technical Development Zone (WEDZ) by October 2024. Now JDI has made a rather confusing announcement, saying that while it decided not to extend its current MOU with the WEDZ.

BOE Technology Group and Canada-based Omniply Technologies announced a co-development agreement, with an aim to develop new materials and process technologies for display manufacturing.

It turns out that the two companies have been working together for almost 2 years, hoping to bring Omniply's technology into BOE's next-generation flexible OLED fab. BOE hopes that Omniply's technology may enable lower cost production of OLED displays, and the production of more eco-friendly displays. It also has the potential to be used in flexible sensors and microLED products in the future.