Korea-based OLED equipment maker Sunic System announced it has received a $22.6 million order for OLED deposition equipment from BOE. The tools will be used to deposit OLED microdisplays.

BOE is currently producing OLED microdisplays at its $170 million fab in Yunnan - the world's largest OLED microdisplay fab constructed in collaboration with OLiGHTEK. In December 2018 BOE announced its second, and larger, OLED microdisplay fab in Yunnan, which will cost a total of $486 million. It is likely that this new order is aimed for BOE's 2nd fab. Sunic says it will deliver the systems by November 2020.

Omdia says that the global foldable OLED display market will grow from 700,000 units to 3.9 million in 2020 (a 5X increase) - and will continue its fast growth to reach 73.1 million in 2025.

Omdia says that the main challenge of the foldable OLED market is the reliability of the displays - mainly the cover, the touch sensor and the polarizer films. Display makers will need to adopt new technologies such as ultrathin glass covers (UTG), touch sensors on TFE and color filters on TFE

France-based effusion cells and sources producer Riber reported its financial results for Q1 2020. Total revenues in the first quarter amounted to €5.3m, down 19% from last year.

Riber says that its OLED evaporator business did not generate any significant revenues "due to the lack of investment in the OLED screen industry". This is in line with Riber's previous quarters. In July 2019, Riber said it sees a freeze on investments in OLED screen production equipment following the major investments made in previous years, and said its order book for OLED evaporation systems is empty.

Korean media reports that due to a fire at Samsung's A3 OLED production fab in Asan, the company had to shut down the production at some of the lines. Luckily, there were no casualties.

Samsung Displays says that this won't effect the supply of OLED panels, but the extent of the damage is not yet determined.

Samsung Electronics reported its financial results for Q1 2020. It was a good quarter for Samsung, driven by high demand for its chips - and also its mobile OLED displays. Samsung sales int he first quarter reached $45 billion while its operating profit rose 3.4% from last year to $5.2 billion.

Samsung warns though that its Q2 2020 results will be lower than previously estimated due to the CoronaVirus outbreak. Samsung did not detail its expectations for its display unit in Q2.