eMagin reports significantly improved Q3 2019 financial results

OLED microdisplay maker eMagin reported its financial results for Q3 2019. Revenues were $7.9 million (up from $6.9 million a year ago) and operating loss was $0.4 million (down from $1.3 million in Q3 2018).

eMagin SXGA OLED-XL microdisplay photo

eMagin says that these financial results present a significant improvement, with the second highest quarter revenues in the Company's history. The company demonstrated significant improvement in yield and throughput as production volumes increased over 50% from the second quarter.

Coherent sees the OLED equipment market starting to recover in 2020

Photonics-based solutions provider Coherent reported its financial results for Q3 2019 - revenues of $335.5 million and a non-GAAP gross profit of $122 million.

LTPS laser annealing photo

Regarding the OLED market, Coherent says that it finally started to receive some new orders for OLED equipment (ELA), following a "stretch" where there were no new system orders. Coherent says that it looks forward to the OLED ramp - with 2020 as a "bit of a recovery over 2019" - but the real strength coming in 2021 and 2022.

Samsung reports stronger OLED sales in Q3 2019

Samsung Electronics reported its financial results for Q3 2019 - with sales of 62 trillion Won ($53 billion USD) and an operating profit of 7.78 trillion Won ($6.6 billion USD). Samsung reported lower memory earnings - but stronger smartphone and OLED panel sales.

Apple iPhone 11 Pro photo

Samsung Display saw increased profit from smartphone displays as demand for flexible OLED panels increased. SDC also reported improved OLED utilization rates.

Universal Display reports excellent quarterly results and increases its guidance for 2019 again

Universal Display reported its Q3 2019 financial results - revenues were $97.5 million, and net income was $37 million. This was another strong quarter for the company, which increased its 2019 guidance to revenues of $400 - $410 million.

UDC believes that year-end 2019 will have an installed OLED square meter cpaacity that is 50% larger than year-end 2017. In 2020 the company sees continued revenue and earnings growth. By 2021, UDC sees OLED capacity to incrase about 50% again over year-end 2019.

Samsung Display formally announces its $10.8 billion investment in QD-OLED TV production

Samsung Display formally announced its decision to invest ₩13.1 trillion (around $10.85 billion USD) in QD-OLED TV R&D and production lines. The investment plan will span 6 years (2019-2025) and the first step will be to convert an LCD production line in SDC's L8 fab in Tangjong, Korea to QD-OLED production.

Samsung Display production hub, Tangjeong, South Chungcheong Province

The Tangjong line will be converted from 125k monthly substrates of LCD production to 30k monthly QD-OLED substrates, and mass production will begin in Q1 2021. In the long run SDC plans to convert all its 8-Gen LCD lines (360,000 monthly substrates) to QD-OLED production (which will yield around 100,000 monthly QD-OLED substrates).

Japan Display starts to produce OLED displays, probably for Apple's watch

In April 2019 Reuters reported that Japan Display (JDI) signed a deal with Apple to supply it with AMOLED displays for its smartwatches, and today JDI's new CEO Minoru Kikuoka said that the company recently started producing OLED displays - likely indeed this is low volume production for Apple's wearables.

Apple Watch Series 5 photo

Apple's Watch Series 5 (its latest generation) features a 324x394 1000-nits always-on LTPO AMOLED display (368x448 on the 44m model). Apple is currently buying these OLED displays exclusively from LGD.

Early-stage startup Noctiluca to commercialize new TADF OLED compounds

A new company has recently been launched in Poland, to commercialize a new family of TADF OLED compounds. Noctiluca, which takes its name from a bio-luminescent marine creature, was established a few months ago with aims to be the world's first company to produce a commercial-ready blue TADF emitter.

Noctiluca Synthex materials photo

Noctiluca's story begins with an innovative organic DSSC solar cell platform that was developed at Synthex, an organic chemistry development platform company based in Toruń, Poland. A few years ago the researchers turned their attention to light emitting materials (which are quite similar to the light harvesting materials used in solar panels) and intensive research culminated in a promising family of new TADF compounds - which was then spun-off as Noctiluca,

The Harvest Group cancels its plans to invest in Japan Display

In August 2017, Japan Display announced a last-resort strategic focus on OLED displays as the Japanese display maker failed to shift to OLED displays in time. Two years later, in July 2019, the company announced that it finally secured the 80 billion Yen (around $740 million) bailout plan from the China-based Harvest Group, Hong Kong-based activist investor Oasis Management and an unnamed JDI customer - which is likely to be Apple.

Unfortunately for JDI, the Harvest Group decided not to move forward with the investment after all. The Harvest Group was supposed to provide most of the funds for JDI which could put the Japanese display maker in a difficult position.

Business Korea - Samsung to invest $10.85 billion in QD-OLED TV production

Business Korea says that Samsung Display has finalized its QD-OLED TV production plans. The company will invest 13 trillion Won (around $10.85 billion) to convert its L8 LCD production line in Tangjeong to QD-OLED production.

Samsung Display production hub, Tangjeong, South Chungcheong Province

According to the report, SDC's investment will be the single largest investment in Korea's display industry ever. The L8-1-1 LCD line will be shut down immediately, and converted to QD-OLED production. SDC will also shut down its second line (L8-2-1) and in total the two fabs will be able to produce 200,000 8-Gen glass substrates each month (down from the current 360,000 substrates in LCD production today). Mass production of QD-OLED panels will begin in 2022.