January 2024

In October 2021, Nintendo launched its first OLED gaming console, the Nintendo Switch OLED. Eight months later, Nintendo announced it shipped over 5.8 million devices, as the Switch OLED is a popular device.

According to new reports/rumors, Nintendo is working on its next-generation console that will replace the Switch and Switch OLED devices, which will utilize an LCD display. The display will be 8-inch in size (bigger than the 7-inch OLED used in the Switch OLED) and will be produced by Sharp.

MicroLED Connect, our hybrid event series focusing on the microLED industry, will be hosting a two-day virtual event focused on the OLED market, OLED technologies, innovation, manufacturing and more. The online event will take place on April 10-11, and will be an excellent opportunity to learn the latest OLED updates, and take a unique point of view from to the emerging microLED industry.

The agenda is now being finalized, and we are calling out to OLED developers, supply chain companies and researchers, anyone who's interested in giving a talk, please contact us. We are looking for high quality 15-20 minutes talks.

LG Display announced that its automotive OLED displays (both its flexible P-OLED panels and its rigid ATO panels) received TÜV Rheinland’s ‘Product Carbon Footprint’ certification, a milestone marking compliance with emissions standards across the product’s lifecycle. LGD's automotive OLEDs are highly efficient, and both utilize the company's tandem OLED structure.

LGD says that it recently introduced a new film to its automotive OLEDs, developed in-house, "Light Control Film Integration Technology" that enabled it to reduce its automotive OLEDs carbon emissions by up to 18% compared to its previous OLEDs.  This method also has the added benefit of effectively streamlining the manufacturing process, further reducing product weight, and improving power efficiency compared to conventional panels that use external films.

The Korean government plans to add new tax incentives for strategic technologies, increasing the tax deduction possible to 40-50% for small and medium-sized companies, and 30-40% for large businesses. Korea's display sector is already protected as a strategic industry - and last year the government added OLED specifically as a national strategic technology.

Korea's Finance Ministry announced it plans to add tax incentives worth up to $711 million per year, as it hopes to attract more investment into new growth drivers and boost the local economy.

LG Display announced its financial results for Q4 2023, with an operating profit of almost $100 million - after 7 quarters of losses. LGD says that demand for both its smartphone displays and WOLED panels (TVs and monitors) has increased. OLED revenues amounted to 57% of the company's total revenues during the quarter. 

LG Display says that it expects market volatility to continue in 2024, due to prolonged unstable macroeconomic conditions. The company will be "strengthening the competitiveness of its OLED businesses", and it expects OLED panel shipments to grow 20% in 2024 compared to 2023. In the upcoming Q1 2024 quarter analysts expected earnings to weaken due to low seasonal demand.

China-based OLED microdisplay developer Lakeside Optoelectronics (also known as Lakeside Lightning Semiconductor) announced that it is progressing with its 12-inch OLED microdisplay production line project in Yixing (Wuxi). The building itself is nearly complete, with the last floor concrete poured in. 

The new fab will have a capacity of 7,000 monthly 12-inch substrates, and should enter production in October 2025. The company also plans a 2nd phase which will double its capacity and enable it to produce around 10 million OLED microdisplays per year. 

Perovskite-Info is happy to announce the 2024 edition of The Perovskite Handbook. This book is a comprehensive guide to perovskite materials, applications and industry. Perovskites are an exciting class of materials that feature a myriad of exciting properties and are considered the future of solar cells - but are also used to enhance displays, LEDs and more. Perovskite materials could prove pivotal to the future of the display industry. The handbook is now updated to January 2024 and lists recent developments and new companies, initiatives and research activities.

Reading this book, you'll learn all about:

• Different perovskite materials, their properties and structure
• How perovskites can be made, tuned and used
• What kinds of applications perovskites may be suitable for
• Perovskite QDs, LEDs, and other applications in the display industry
• What the obstacles on the way to a perovskite revolution are
• Perovskite solar cells, their merits and challenges
• The state of the perovskite market, potential and future

The book also provides: a history of perovskite research, a guide to perovskite companies and developers, information on leading collaboration and development projects, a comprehensive list of perovskite companies, market updates and much more!

Last year we reported that the next Hyundai Motor's Genesis GV80 car will adopt a 27-inch OLED display, produced by LGD. This display will be made from two separate OLED displays behind a single glass.

According to new reports from Korea, Genesis decided to equip the upcoming GV70 with the same display.