Idemitsu Kosan to establish an OLED R&D company in Switzerland
Last month Japan-based OLED material maker Idemitsu Kosan announced that it has decided to expand the OLED material production capacity at it's Korean subsidiary Idemitsu Electronic Materials Korea. Idemitsu now announced that it plans to establish a new OLED materials development company in Switzerland.
Idemitsu says the new company will be established "in order to enhance its development structure in preparation for future growth in demand for OLED materials". Idemitsu has been collaborating with BASF's Switzerland's branch "for some time", and now Idemitsu will hire OLED researchers from BASF (this probably follows Universal Display's acquisition of BASF's OLED IP in June 2016).