Investing in OLEDs: discover OLED stocks to invest in - Page 2
Everdisplay starts installing equipment in its $825 million AMOLED module factory in Yangzhou
A few days ago, Everdisplay Optronics started to move-in equipment in its AMOLED module factory in Yangzhou High-tech Industrial Development Zone, in Jiangsu province.
Everdisplay estimates that the total investment in its new module factory will reach $825 million USD, and it will have an annual capacity of 70 million display modules - when its two lines are in operation. The construction of the factory started in December 2023.
LG Display reported its Q2 2024 financial results, boosted by tablet AMOLED shipments to Apple
LG Display reported its financial results for Q2 2024 - with revenues reaching $4.85 billion (an increase of 42% compared to last year) and a net loss of $67 million (down from around $637 million in 2023).
LG Display benefited greatly from Apple's introduction of its 2024 iPad pro tablets, for which LGD is the main AMOLED supplier. The company is also expecting to sell a record number of iPhone AMOLED panels later this year. LGD says that the proportion of OLED products rose 10% of its total sales, reaching 52% - which means that OLED is now the company's main product line in terms of revenues.
DSCC: the OLED materials market to grow 24% in 2024, will reach $2.7 billion by 2028
DSCC says that the OLED materials market will reach $2.12 billion in 2024, rising 24% over 2023. The market will continue growing at a 6% CAGR until 2028, reaching about $2.7 billion. DSCC details the revenue split between single-stack, tandem and multi-stack panels, saying that materials used in tandem OLED panels will grow at a fast rate of 30% CAGR from 2024-2028.
The leading materials makers by revenue in 2024 will be UDC, DuPont, LG Chemical and Samsung SDI, holding a market share of 51% together. DSCC says that Chinese materials makers will increase their market share in the future.
UTG glass developer Dowoo Insys plans to IPO in 2025
A report from Korea suggests that Dowoo Insys is planning to IPO in 2025. The company will list on the Korean Exchange, and it plans to file the preliminary information and documents by the end of the summer.
Dowoo Insys was established in 2010, to develop glass products for the display industry. The company's main product is thin flexible glass covers for foldable displays - UTG glass - which it supplies to Samsung Display (its main customer). Dowoo does not produce its own glass - it buys flexible glass from Schott and then treats it in its own facilities.
Xi'an Manareco New Materials to increate its stake of Idemitsu Kosan's OLED business in China to 20%
Xi'an Manareco New Materials announced that it intends to invest around $10 million (76.4 million Yuan) in Idemitsu Kosan's China-based Idemitsu Electronic Materials. Following this investment, Manareco's stake at the company will rise to 20%.
Xi'an Manareco says that Idemitsu plans to move most of its OLED material production to its China-based company. Manareco is a strategic material supplier to Idemitsu, and it hopes to expand its OLED intermediate business. In addition, the company is developing and supplying OLED stack materials (such as EIL, HIL, ETL and more).
Visionox announces plans to build a $7.6 billion 8.6-Gen AMOLED line in Hefei
Visionox is the latest company to announce a new AMOLED production line, targeting the IT display market - laptops, monitors and tablets. The company said that it will best 55 billion Yuan (around $7.6 billion USD) to build a 8.6-Gen production line in Hefei, Anhui province.
Visionox's production line will have a monthly capacity of 32,000 substrates. The company did not share any details regarding the timeline of this project, or its financing.
Universal Display reports excellent financial results for Q1 2024
Universal Display announced its financial results for the first quarter of 2024. Total revenues were $165.3 million (up from $130.5 million in Q1 2023), and a net income of $56.9 million (up from $39.8 million).
UDC says it seas meaningful growth opportunities across several verticals: the IT display market, TVs, smartphones, and foldable phones. UDC raised the lower end of its guidance for 2024, now it believes it will be in the range of $635 million to $675 million.
Kopin announces its third OLED microdisplay defense design win and order
Kopin Corporation announced that it has received its third order for its OLED microdisplays, to be used in thermal imaging vision systems, for the Indian army. Kopin says that it will deliver over 1,200 microdisplays over a six-month time span.
Last month Kopin announced that it has a achieved two important milestones in its OLED projects. Kopin is in the process of establishing an OLED deposition partner in Europe, and the company has reported impressive performance improvements.
The Elec: UDC's blue PHOLED material is still unstable, may delay market introduction
Universal Display Corporation has announced several times that it is progressing with its blue PHOLED material development, and it is on track to release the first commercial material by the end of 2024. In November 2023 we reported that UBI estimates that Samsung has delayed the adoption of a blue PHOLED to the second half of 2025.
Now there's a new report in Korea that claims that UDC's blue PHOLED project is facing technical challenges, and UDC is still not able to achieve a long-lasting blue emitter at the right color point. It will be interesting to know whether UDC addresses this issue in its next investor conference call (May 2nd).
LG Display to raise 970 million USD to accelerate its OLED R&D and production expansion
LG Display says it plans to issue new shares, and raise around $970 million USD. The company plans to invest this capital in its OLED business, to meet the demand for advanced displays.
LG Display's strategic plan is to increase WOLED (large-area) display production by 20% compared to 2023. It also plans to increase its small and medium sized AMOLED business, but it seems LGD has not yet committed to expand production capacity further.
