Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizens Captain Motherland, OC_Formula, kinja, Xiao Zhan cut, Crazy Thursday, South China Daniel Wu's clue delivery! CTOnews.com March 30 news, local time on March 27, Japan's OLED display panel manufacturer JOLED declared bankruptcy and applied to the Tokyo District Court for bankruptcy protection.

JOLED began operating in January 2015 and integrates the organic EL display development departments of Sony and Panasonic with the aim of mass production and commercialization of organic EL displays. In November 2019, the production line of printed organic EL display was put into production at Nengmei factory, mainly producing medium-sized display screens for medical and vehicle use.

JOLED, ▲ 's Asustek ProArt Display OLED PA32DC display, which uses JOLED displays, said that stable production took more cost and time than expected. In addition to the impact of the global shortage of semiconductors, JOLED showed slow profit growth and continued capital outflows due to weak demand for high-performance and high-quality displays and increased price competition.

According to the Nikkei News, JOLED has liabilities of about 33.7 billion yen (CTOnews.com Note: currently about 1.769 billion yuan), and the company hopes to make up for some of that by selling assets.

JOLED has signed a basic agreement with Japan Display Inc (JDI), a Japanese small and medium-sized panel manufacturer, to take over by JDI and restructure the technical / R & D department of 100 employees with the assistance of JDI.

However, JDI will not take over JOLED's two fabs in Nomei and Chiba in Japan. About 280 people employed by the two fabs will be laid off and JOLED will withdraw from its manufacturing / sales business.

Welcome to subscribe "Shulou Technology Information " to get latest news, interesting things and hot topics in the IT industry, and controls the hottest and latest Internet news, technology news and IT industry trends.