Taiwan-based driver IC developer Novatek Microelectronics says that it expects shipments of AMOLED drivers will double from 3 million in Q1 2019 to 6 million in Q2 2019.
Novatek reported its financial results, saying that its last quarter was the best one in 11 years, as profits grew 34% from last year to $68.5 million. Growth at Novatek is fueled by strong demand for OLED drivers and TDDI chips.
Last month Magnachip said that revenues from its OLED display driver business are expected to substantially exceed its previously estimation.
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Posted: Jul 25,2019 by Ron Mertens
