The OLED-Info newsletter (November 9, 2022)

US-based high-index material maker Pixelligent Technologies has raised $38 million in a non-dilutive growth capital backed by its intellectual property portfolio.

The capital was provided by a funding vehicle managed by MVolution Partners. Together with an equity investment from its its strategic and financial shareholders, Pixelligent raised $45 million.

China's Jilin Optical and Electronic Materials announced that it is set to raise 240 million Yuan (around $33 million USD) in a private placement of shares.

In 2020, Jilin Optical and Electronic Materials became public company when it started trading on the Shanghai STAR Market (ticker 688378). At its IPO, Jilin raised around $166 million, and the IPO was 3,426 times oversubscribed.

The Loewe Iconic OLED TV range is made from Syno-Stone, a locally-sourced recycled solid surface material. The TVs use 55" / 65" 4K WOLED panels and offer HLG, HDR10, Dolby Vision and an integrated 360 watt 3.1 sound system.

The Iconic TVs will ship by the end of November 2021, starting at around $4,500 for the 55" model.

UBI Research estimates hat shipments of OLED panels for IT applications (tablets, monitors and laptops) will reach 48.8 million units by 2027, growing from around 9.5 million units in 2022 (a CAGR of 39%).

In 2022-2024, the main application for OLED panels is in laptops, but this will change from 2025 and onwards as tablets will also become a dominant applications (as Apple will start adoping OLEDs in its high-end iPads).

Several OLED panels makers are expected to build OLED production lines tailored for IT applications, including Samsung (who already confirmed is is building a 8-Gen IT OLED production line), BOE, LG Display and also Visionox. Some of these companies already started to order equipment for 8.7-Gen deposition.

Universal Display reported its financial results for Q3 2022, with revenues revenues reaching a record high of $161 million, and a net income of $53 million. The company reiterated its forecast for 2022, with revenues of approximately $600 million, plus or minus $10 million.

Looking ahead, UDC remains positive of the OLED industry, but the near-term OLED demand may fluctuate due to uncertainties in the macro economy. UDC sees 2024 as a "pivotal year" for the OLED industry, with several new 6-Gen and 8-Gen OLED fabs due in that year.

Huawei's 2nd-Gen clamshell HarmonyOS foldable phone uses a 6.9" 120Hz 1188x2790 foldable AMOLED display, a 1.04" 340x340 secondary AMOLED, a Snapdragon 778G chupset, 8 GB of RAM, 128/256/512 GB of storage, a NM memory slot and a dual camera setup.

The Pocket S will ship on November 11 starting at around $820.

Today we published a new edition of our Transparent OLED and MicroLED Market Report, with all the latest information. The new edition includes news from LG Display, BOE, OTI and LUMINEQ.

Reading this report, you'll learn all about:

• Transparent OLED and MicroLED properties and advantages
• The transparent OLED and MicroLED industry
• What kind of transparent OLEDs are currently on the market
• The transparent OLED lighting market

The report package also provides:

• Transparent OLED display product listing
• A guide into buying transparent OLEDs
• The main challenges towards transparent displays
• Free updates for a year

This transparent displays market report provides a great introduction to transparent OLED and MicroLED technologies and covers everything you need to know about the market and industry now and in the future. This is a great guide for anyone who's thinking about adopting transparent displays in their products or that wants to understand this industry and market throughout.

In the next two weeks, Toray Research Center (TRC) is hosting online webinars focused on display technologies. TRC, who supplies technical analysis and support for R&D and manufacturing, invites you to attend the online lectures at no cost, to learn more about OLED, microLED and QD technologies and analysis of OLED devices.

The webinars include recorded presentations, which will be available online up until to November 22. You can register for the webinars here.

LG Display has demonstrated a 12" 100 PPI full-color stretchable MicroLED display. The display can stretch up to 20% (to create a 14" display).

The display is said to be "close to commercialization" - as it is highly flexible, durable, and reliable. LGD says that it is the world's first full-color high-resolution stretchable display that was ever produced. But we do know that companies have demonstrated stretchable OLED displays in the past, for example Samsung with its 13" stretchable display shown in 2021.

LG Electronics' OLED CS range of OLED TVs, was quietly released towards the end of 2022, as a more budget-friendly version of LG's OLEDC2 or OLEDB2 TVs. The CS range is offered at 55" and 65" 120Hz 4K (LG's regular OLED panels, not its latest evo OLED panels) and offers LG's a9 Gen-5 processor, Dolby Vision IQ and four HDMI 2.1 port.

The OLED CS TVs are currently available in the UK and Australia, starting at £999 for the 55" model.