JOLED - Page 8

In May 2014 it was reported that Japan Display may setup an OLED joint venture together with Sony and Panasonic. Today Kyodo news confirms this report, and says that the three companies will indeed form a new company (which will be called JOLED) that will develop small and medium OLED displays - mostly for tablet devices. The official announcement is expected soon.

JDI 5.2-inch FHD OLED prototype

JOLED will receive and investment from the Innovation Network Corporation of Japan, a public-private investment fund. Similarly to JDI itself, the INCJ will hold 70% in the new company. JDI will hold 20% and Sony and Panasonic will each own 5%.

Yesterday I posted that Panasonic reportedly decided to withdraw from the OLED TV business and sell their OLED unit to Japan Display. Today there's a new report from Japan that JDI is now considering to setup an OLED joint venture with both Sony and Panasonic (update: this is now official, the new company will be called JOLED).

The new company would be mostly owned by the Innovation Network of Japan (INCJ) - the same government-backed fund that formed Japan Display back in September 2011. INCJ invested around $2.5 billion in JDI and holds 70% of the shares. JDI was formed by joining the mobile display units of Sony, Toshiba and Hitachi.