Japan Display formally secures $740 million for its OLED restructuring plan

Japan Display (JDI) announced that it has finally secured the 80 billion Yen (around $740 million) bailout plan. The large investment will come from Chin-based Harvest Group, Hong Kong-based activist investor Oasis Management and an unnamed JDI customer - which is likely to be Apple.

Japan Display says that it plans to hold a shareholders meeting on August 29th to formalize the bailout plan.

Samsung reports its financial results for Q2 2019, includes a one-time $684 million payment (could be from Apple)

Samsung Electronics reported its financial results for Q2 2019. The company's operating profit totaled ₩6.5 trillion (around $5.6 billion). Interestingly Samsung reported a one-off gain of $684 million, which could be Apple's compensation for lower-than-agreen-on iPhone OLED panel orders.

Samsung Galaxy S10 photo

Samsung's smartphone sales have been lower than expected, which is one of the factors behind the earnings miss. CLSA analysts expect Samsung Display's to enjoy a 47% growth in OLED sales in the next quarter as demand from Apple, Samsung and Chinese smartphone makers is expected to increase in Q3.

Lumtec to expand OLED lighting production in Q4, set to IPO in Taiwan today

Taiwan-based Luminescence Technology (Lumtec) is set to debut today on the Taipei stock exchange emerging stock board. The company says that it plans to expand its OLED lighting production capacity in Q4 2019 from 150,000 50x35 mm panels per month to around 600,000 units.

LumTec OLED lighting types at Taipei AMPA 2019

Lumtec says that it sees a large demand coming from the automotive market for OLED lighting panels, and it expects its utilization rates to reach 100% in the current quarter. This means that the company sees around 450,000 panels shipping in this quarter, which seems highly optimistic, especially as it says that it has currently shipping samples for five companies with volume orders expected in 2020 and the demand from automotive companies is not likely to expand very quickly as first adoption comes from luxury cars.

DSCC: Samsung, Apple and Huawei are the world's top flexible AMOLED smartphone customers

DSCC published an interesting note, detailing the world's top 10 devices by flexible AMOLED sales in the first half of 2019. The list contains only three vendors: Samsung, Apple and Huawei.

Huawei Mate P30 Pro photo

Total flexible AMOLED revenues for these ten devices are almost $4.7 billion, and Samsung phones account for 53% ($2.5 billion). Apple has only 2 leading models, but accounts for 30% of the revenues ($1.4 billion) and Huawei phones generated $723 million in flexible AMOLED revenues.

TPK decided not to invest in Japan Display, Apple may step up and assist

Japan Display was supposed to get a $2.1 bailout deal led by Taiwan's TPK and the Harvest Group. TPK was supposed to invest $230 million, but the display maker announced that it decided not to invest in Japan Display after all. JDI also says that it has not yet received a positive commitment from other potential investors.

JDI did disclose that it approached Apple for help (JDI is a major LCD supplier to Apple) and Apple is considering to waive its debt, guarantee display orders and also invest around $185 million directly in JDI.

Kyulux raises $31.8 million in its Series B round

TADF and Hyperfluorescence developer Kyulux announced that it finalized its Series B financing round, having raised ¥1.5 billion ($31.8 million USD) from several companies and VCs. Kyulux says it will use the funds to further accelerate product development and strengthen its IP.

A couple of months ago Kyulux updated on its latest TADF device that achieves 200 hours of lifetime (LT95 at 1000 nits) and an EQE of 22% (at 1000 nits). The color point is 470 nm (which is not deep-blue, note). Kyulux also says that Wisechip is now ready to start producing the yellow HF PMOLED and is seeking customers.

SALDtech announces its 2nd investment round, to develop flexible OLED deposition tools

SALDtech logoThe Netherlands based SALDtech, established in 2018 as a spinoff from the TNO institute, announced that it closed its 2nd financing round led by Innovation Industries and BOM, Brabant Development agency.

SALDtech developed deposition tools based on the Holst Centre's Spatial Atomic Layer Deposition that can be used to produce large area ultra-thin layers with world class performance. SALDtech says it will used the investment to develop and build flexible OLED production equipment.

TPK and the Harvest Group not decided yet on JDI's bailout deal

Last month Reuters detailed the upcoming $2.1 bailout deal for Japan Display, led by a group of investors from Taiwan and China, including TPK and the Harvest Group. TPK and the HG are supposed to invest 80 billion Yen, but a new report from Reuters says that the plan is not finalized yet.

In what could just be a negotiating tactic, Reuters reports that the company informed JDI that they have not made a decision yet and are now "re-examining the prospects for Japan Display’s business performance". In any case it seems that JDI's future is not secure yet.

OLET developer Mattrix Technologies raised $3 million

Organic-TFT backplane/emitter developer Mattrix Technologies (previously nVerPix) announced that it has closed its Series A financing round, with $3 million in investment from Samsung Ventures and JSR Corporation.

Mattrix Technologies, spun-out of the University of Florida in 2011, developed the world's first full-aperture OLET (organic light emitting transistor) display technology, based on the company's proprietary CN-VOLET (carbon-nanotube enabled, vertical, organic, light emitting transistor) technology, a new pixel architecture that combines the drive transistor, storage capacitor and light emitting layers into a sequentially deposited, vertical, transparent stack. The company is also looking into graphene electrodes as an alternative to CNTs.

Cambridge Isotope Laboratories - Deutreated Reagents and High-Purity Gases for OLEDsCambridge Isotope Laboratories - Deutreated Reagents and High-Purity Gases for OLEDs