The OLED-Info newsletter (August 13, 2022)

The MicroLED Industry Association (MIA) successfully concluded its kickoff meeting on August 2^nd. The work plan for the coming quarter was announced, and the association members were updated on work processes, collaboration activities and plans for the future.

The MIA is happy to announce that there are already over 15 members in the microLED association. In addition to its pre-launch founding members, the MIA welcomes the new members that joined since the official announcement on July 13. These companies include 3D Micromac, ASM Pacific Technology group, ClassOne Technology, Radiant Vision Systems and the Ennostar group (Epistar, Lextar, Yenrich and Unikorn).

Universal Display reported its latest financial results, for Q2 2022, with revenues of $136.6 million, an operating profit of $53.3 million and a net income of $41.5 million. These results were less than expected by analysts. The company ended the quarter with $834 million in cash and equivalents.

UDC's 2021 revenues were a record high of $554 million, with a net profit of $184 million. UDC expects the OLED industry to continue to grow in 2022, and the company believes its revenues in 2022 will be between $625 million to $650 million (an increase of 12% - 17%).

The OnePlus 10T smartphone offers a 6.7-inch 120Hz 1080x2412 Fluid AMOLED, a Snapdragon 8+ Gen 1 chipset, 8/12/16 GB of RAM, 128/256 GB of storage and a triple camera setup.

The 10T will ship by the end of August 2022, starting at around $715.

Esteemed US-based A/V retailer Value Electronics conducted its latest annual TV shootout, with very interesting results. It is not a big surprise, but OLED TV won the first places in both the 4K and 8K shootout.

In the 4K category, VE tested five TVs, out of which 3 were OLED TVs: The LG G2 OLED TV, Samsung S95B QD-OLED , Samsung QN95B (QD miniLED), Sony A95K QD-OLED and Sony's X95K mini-LED. The winner of this year's shootout was Sony's A95K QD-OLED.

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.