JOLED

Inkjet printing pioneer JOLED has filed for bankruptcy, following many years of struggles to increase production capacity and revenues.  According to earlier reports from Japan, display maker Japan Display will take over JOLED technology and remaining operations.

There are now reports from Korea that suggest that TCL's CSoT is considering buying JOLED's OLED production equipment, and moving it to China to attempt OLED production in-house using inkjet printing. If this plan goes through, the plan is to initiate production in 2024. It's not clear whether CSoT is in talks with JDI, or whether JDI did not take over the equipment from JOLED.

A few months ago we reported that Japan-based inkjet printing OLED developer JOLED has filed for bankruptcy, and that Japan Display (JDI) will take over JOLED's technology and operations. JDI released an official statement regarding JOLED and its plans for the future.

So indeed on March 7 2023, JDI signed a basic agreement to support JOLED. Since then the two companies held 'extensive discussions', following which JDI decided to form a subsidiary company called 'JDI Design and Development' or JDIDD, that will acquire JOLED’s OLED technology development business and all related operations.

A report from Japan updates that JOLED , the OLED inkjet printing pioneer established in 2014, has filed for bankruptcy. The company has been struggling financially for a long time, and will now close down its two production lines and lay off 280 employees (out of 380), as it could not raise funds and has liabilities of around $257 million.

According to the report, display maker Japan Display will take over JOLED technology and remaining operations. 

JOLED (Japan OLED) was established in August 2014 by Japan Display, Sony and Panasonic with an aim to become an OLED medium display producer. Following years of R&D and initial production, the company initiated mass production of its OLEDIO panels in 2021 at its new 5.5-Gen production line in Nomi, Ishikawa Prefecture, Japan.

JOLED's panels appeared on the market, but only for high-end applications such as LG's professional monitor range. According to a new report from Korea, the company did not manage to find a new investor and is now on the verge of bankruptcy.

Yesterday we reported that during its DTC 2021 conference, TCL demonstrated a 65" inkjet-printed 8K OLED panel co-developed by TCL's CSoT and JOLED. During the conference, the company also unveiled another panel a rollable OLED.

This is a 14" inkjet printed OLED panel, produced using an inkjet printing process.

According to a report from China, TCL demonstrated 65" 8K OLED panel, produced using an inkjet printing process. This display was co-developed by TCL's CSoT and JOLED.

Last year it was reported that TCL's CSoT is building a $6.8 billion 8.5-Gen inkjet printing line in Guangzhou (the T8 line), with production expected to begin in 2023.

LG announced its first OLED monitor, the 4K 31.5" UltraFine OLED Pro (32EP950) back in January 2021. The monitor should start shipping by the end of July 2021 for $3,999 - and now the first review is in, by BH Photo.

The reviewer says that this new display is "astonishing" and "immersive" - but admittingly there are some trade offs (compared to other top-end monitors): lower peak brightness, non-variable refresh rate, connector choices, etc. The review says that the 32EP950 is "truly made for professionals" and will be a best fit for graphic design, image and video editing, and broadcast grading. This is not a general-use monitor, especially at that price tag.

DSCC says that inkjet printing technologies for OLED display production is finally starting to gain traction, and the company sees IJP OLED display capacity to increase in a 137% CAGR from 2020 to 2025, to reach 7.1 million sqm.

As you can see from the chart, most of the growth will come from the printing of the quantum-dots color conversion layers in Samsung's QD-OLED fabs. Actual RGB inkjet printing will be confined to JOLED's fab which will start mass producing in 2021. In 2024, China Star (CSoT) will begin printing OLED TV panels at its T8 line.

DSCC says that OLED production will grow 94% in the Q2 2021, fueled by strong demand for OLED in smartphones, TVs and other devices - coupled with a recovery from the pandemic. Growth in OLED input area for small & medium displays is expected to grow 68%, while grow in OLED TV input area will grow by 134% over last year.

The chart above shows the total OLED (and mobile LCD) industry capacity. As you can see, flexible OLED capacity is growing - mainly from expansions by CSoT, Tianma and Visionox. There's also growth in rigid OLED capacity - from Everdisplay and JOLED.

JOLED announced that it has started to mass produce OLEDs at its new 5.5-Gen production line in Nomi, Ishikawa Prefecture, Japan. JOLED brands its new displays as OLEDIO displays. JOLED plans to produce 10- to 32-inch displays, targeting applications such as high-end monitors, automotive displays and medical monitors.

JOLED also branded its production technology, based on ink-jet printing, as TRIPRINT.