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
2nd Half 2018 -- Scheduled to start mass production
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