Solus Advanced Materials said it has begin construction of a new OLED material factory at Changzhou, Jiangsu province in China.
It is the Korean company’s first factory abroad and it will spend US$20.5 million in the plant.
Solus will use its factory at Iksan, South Korea as a benchmark to build the new factory so that it will manufacture high quality OLED materials, the company said.
The new factory will start operations in the second half of 2022. The company is aiming to secure an annual production capacity of 20 metric tonnes by 2025 there.
Solus said it will react to the Chinese OLED market that is expected to grow exponentially in the coming years.
The company is currently the exclusive supplier of aETL material used for blue OLED to Samsung Display for eight years straight.
It is also developing polymer thin film encapsulation material and quantum dot ink to expand supply to its customers.
Compound Semiconductor
Huawei’s Mate 60 vs. iPhone 15: supply chain faceoff
Computing and Software
Tesla’s robotaxi surprise: what you need to know!
Imaging
Teledyne e2v and Airy3D collaboration delivers more affordable 3D vision solutions
Display
Cinema is coming home: Sony Electronics introduces its brightest and best sounding BRAVIA® TVs to further enrich the authentic cinematic experience at home
Display
Change at the top at helio display materials
Memory
SK Hynix shifts focus in China: Shanghai out, Wuxi in
Computing and Software
Meta – Introducing our open mixed reality ecosystem
Display
E Ink and AUO enter into strategic partnership to develop large-size color epaper displays
Display
Global retailer expands its use of vuzix smart glasses to support its warehousing operations
Battery