Japan JOLED Will Cooperate with TCL Technology Group

Japan’s JOLED, which has integrated the organic EL businesses of Panasonic and Sony, will cooperate with TCL Technology Group, a major Chinese home appliance manufacturer, to jointly develop mass-production technologies for organic EL panels for televisions. The goal is to achieve a “Fabless” business model that does not hold large equipment and makes money through technology licensing. The strategy adopted by JOLED is to coexist with overseas companies with superior financial strength and participate in competition through independent technology.

“This is the first step to challenge the new business model.” On June 19th, JOLED President Shi Qiaoyi said after signing a capital business cooperation agreement with TCL Technology Group’s panel company TCL China Star Optoelectronics Technology (CSOT).

JOLED is advancing the technology development of organic EL
TCL Huaxing Optoelectronics Technology will accept JOLED’s third-party share placement to increase capital and acquire more than 10% of JOLED’s shares for 20 billion yen. The two parties will jointly develop mass production technology for organic EL for TV within 3 years. JOLED will provide the core technology for mass production, and TCL Huaxing Optoelectronics will use its own equipment for mass production of panels.

JOLED was born in 2015 under the leadership of the Ministry of Economy, Trade and Industry of Japan, integrating the organic EL business of Panasonic and Sony. It was funded by INCJ (formerly Japan Industrial Innovation Agency).

As for LCD panels used in TVs, panel prices continued to fall due to active investment by Chinese companies. Moreover, it is difficult for large-size LCD TVs to achieve differentiation based on panel quality. Therefore, various TV manufacturers have begun to adopt high-quality, power-saving organic EL panels. The market for organic EL panels for TVs is almost monopolized by South Korean LG Display, and there is a lot of room for Japanese companies to join the competition.

JOLED is developing a production technology called “printing method”, which can coat the substrate of the panel with luminescent material like an inkjet printJOLEer. It is said that compared with the previous technology, the printing method of production equipment is simple, which helps reduce costs.

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Japan's JOLED, which has integrated the organic EL businesses of Panasonic and Sony, will cooperate with TCL Technology Group, a major Chinese home appliance manufacturer, to jointly develop mass-production technologies for organic EL panels for televisions

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