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JOLED Gets Financing from Denso Corp
March 26, 2018
 
Nikki Asian Review reported that JOLED snagged financing from auto parts manufacturer Denso Corp.  Reuter’s previously reported that Denso was considering a $440m investment in JOLED back in December of last year, citing ‘sources close to the matter’.  The current story now puts that potential investment at $282m or ¥30b along with additional investments from Sony and Panasonic of $187m (¥20b) which will equal half of JOLED goal of raising ¥100m ($938.3m US).  Japan Display holds a 15% stake in JOLED but has been unable to provide additional capital given JDI’s own difficult financial position, but hosts JOLED’s Gen 4.5 OLED fab at its plant in Ishikawa Prefecture.  Other companies mentioned as possible investors have been Sumitomo and Screen Holdings. JOLED built 21.6 4K displays for ASUS displays on its pilot line with a capacity of ~1,000 sheets/month. JOLED’s funding will go toward further development of the technology and the potential construction of a Gen 8.5 OLED fab. JOLED’s total investment of roughly ¥20b, targets first global mass production of medium-sized organic EL panels using printing technology. JOLED’s current plan includes:
 
Start of Prototype Line at JDI’s Ishikawa Plant in Aug. 2016
 
  • Working with JDI on luminescent material evaluation and production-related technology.
  • JDI announced in Dec. 2016 that they would buy some shares owned by INCJ and plan to subsidiary by 51% investment ratio, but put off the implementation in Mar. 2017 (by Sep. 2017 →Dec. 2017). In Jun 2017, announced the postponement again and unfix when raise the investment.
  • Held an exhibition in May. 2017 and displayed panels for 21.6” monitor produced by printing method
 
2nd Half 2018 -- Scheduled to start mass production
 
  • Integrated production of 10-30” panels up to module stage using 4.5 generation glass substrates
  • Expects to start production for medium-sized laptop/tablets and seat-back displays for automobiles and aircraft
  • Using oxide semiconductor TAOS (transparent amorphous oxide semiconductor; now in development) when mass producing substrates
  • Considering large-size TV panels in the future
 
2019: Seeking Capital to build a pilot line for G5.5 (utilizing JDI’s Nohmi G5.5).
 
2020: Targeting mass production of flexible OLED panels 

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