Financial - Page 15

OLED microdisplay maker eMagin reported mixed quarter results for Q2 2021. Production issues and unexpected manufacturing tool downtime reduced revenues, but the company says it increased shipments to military, medical and other customers. Revenues in the quarter were $6.3 million (down from $7.7 million in Q2 2020). Net loss in the quarter was $0.3 million (but this includes a $2.6 million non-cash profit due to change in value of a warrant liability).

eMagin says it continued to make steady progress on the direct-emission microdisplay project, and remains on schedule to produce full-color prototypes this year. eMagin also reports it is ramping up production of its latest XLE technology (which still uses color filters) and has closed a major design win with a military customers for XLE OLED microdisplays.

Korea-based optical equipment maker Philoptics announced that it raised around $3.5 million that will be dedicated to the development of FMM technologies for OLED production. The company aims to raise a further $8.6 million by the end of the year to continue the development.

Philoptics will use the funds to finalize the development of 6-Gen FMM masks and build a pilot production line for these masks. Philoptics FMM production uses electro forming, where an invar is plated on a patterned substrate. The company says that using this method the FMM masks are thinner compared to other technologies which can increase the possible OLED resolutions under production.

Universal Display reported its financial results for Q2 2021. Revenues were $129.7 million, and net income was $40.5 million.

The company expects its 2021 revenues to be in the range of $530 million to $560 million - which will mean a revenue growth of around 30% over 2020.

OLED driver IC developer MagnaChip has reported its financial results for Q2 2021. Display revenues were "negatively impacted by severe supply constraints that continued to deepen in the second quarter".

The company says it cannot meet its customers needs, due to the global component shortages as well as changes in Mangachip's foundry partners' wafer allocation plans. The company continues to work closely with its strategic customers and foundry partners to secure long-term supply capacity for OLED DDICs, being mindful of the fact that global supply constraints are having a significant impact on the OLED business.

Samsung Electronics posted its financial results for Q2 2021, with record sales of $55.2 billion and a net profit of $10.9 billion. Samsung saw higher earnings at its memory and display businesses, offset by a decline in smartphone sales.

Samsung Display says that OLED sales and profits increased because of wider adoption of OLED displays. SDC is worried that supply issues of display drivers may disrupt shipments in Q3, but demand for OLEDs in IT devices and gaming products are expected to see significant growth.

LG Display posted its financial results for Q2 2021, with revenues up 31% from 2020 to $6 billion and a profit of around $370 million. This was the company's best quarter in terms of revenues - as it enjoyed high OLED TV and pOLED sales, an increase in LCD panel price and good performance in displays for IT products.

LG Display says it shipped over 3.5 million OLED TV panels in the first half of 2021, and it is on track to sell 8 million panels within the year. LGD aims to increase its capacity and produce 10 million OLED TV panels in 2022 and 11 million in 2023.

IP Portfolio holder IPValue Management acquired over 1,200 patents and applications from Mitsubishi Electric's display business unit. The IP, a result of over two decades of R&D, encompasses a wide range of LCD, OLED and other technologies.

The patents will now be owned by IPValue's subsidiary, Trivale Technologies. The financial terms of this agreement were not disclosed.

Inkjet system developer Notion Systems announced that investment company RSBG Advanced Manufacturing Technologies (RSBG AMT) has acquired 75.1% of Notion Systems.

RSBG competed against other interested parties, and it says Notion System has attractive growth prospects and a market-leading product range.

OLED lighting developer OLEDWorks announced that was awarded with a new US federal SBIR grant to develop OLED technologies.

Under this new project, OLEDWorks will develop new OLED automotive taillights composed of multiple stacked layers of red and white OLEDs. This technology can also be applied to indoor lighting to provide greater efficiency, a broader intensity range, and the ability to communicate safety information.

According to reports from Korea, Samsung Display plans to build a new 6-Gen flexible OLED line. The new line will replace a current LCD line that is used to produce TVs at SDC's Asan plant (the LCD 7-2).

The new fab, which will cost around 3 trillion Won ($2.7 billion USD) will have a monthly capacity of 30,000 monthly substrates. This will increase SDC's AMOLED production capacity to 195,000 monthly substrates, not counting its upcoming QD-OLED production line.