Denso will accept a third-party private placement by JOLED. The investment ratio is expected to be around 15%. It is expected to be tied with JDI, which holds 15% of JOLED at the current stage, becoming the major shareholder of Japan's industrial innovation agency. .
According to Japan Media, JOLED will jointly develop panels with Denso to strengthen its business in the automotive field and compete against leading South Korean companies. Panels jointly developed by Denso and JOLED are expected to be used to integrate large-scale panels such as speedometers and display vehicle cameras. Image of 'electronic rearview mirror' etc.
JOLED sold its first OLED display in December last year and became the first Japanese company to commercialize this advanced technology. According to JOLED executives, the company has supplied OLED panels to Sony. For medical monitors.
JOLED is the world's first OLED manufacturer to use low-cost printing processes. The OLED display produced by this printing process is 20% to 30% cheaper than the currently used evaporation process. Samsung Electronics and LG Electronics are also developing this low level. Cost printing process.
Compared with liquid crystal displays (LCDs), OLEDs are generally thinner, more flexible, and more colorful. Apple's iPhone X phones use OLED screens.
JOLED was formed by the merger of Sony and Panasonic's OLED division in 2015. The Japan Industrial Innovation Agency (INCJ) and JDI respectively own 75% and 15% of JOLED, and Sony and Panasonic each hold 5%.