TPK to Make Decision on JDI Funding by End of Year
May 27, 2019
TPK signed a letter of intent in April to invest US$230 million in a consortium, Suwa Investment Holdings, that would acquire a 49.82% stake in JDI for JPY60 billion (US$545.7 billion). TPK Holding expects to make a final decision by the end of 2019, according to Michael Chiang, chairman of the Taiwan-based touch panel maker. Chiang dismissed the speculation that the deal was falling apart, saying that he expects a decision will be made by the end of the year. Chiang said that it would be a tough year for the touch industry and TPK sales would not grow significantly in 2019. The company posted net profits of NT$192 million (US$6.139 million) in the first quarter. Chiang revealed the company has 5-customers signed up and will kick off volume production SNW-based touch solutions in the fourth quarter of 2019, with production volume to begin to ramp up in 2020 and further expand in 2021-2022.
Some clients are using already using SNW solutions for 65- 75- and 85-inch electronic whiteboards.
JDI had a large booth at DisplayWeek, showing a number of OLED printed displays from JOLED.
Figure 1: JOLED IJP Displays in JDI Booth