Everdisplay Accelerates Tandem OLED Production and Investment Amid Push for Profitability and Hong Kong IPO

 

 

 

 

 

 

 

 

Chinese OLED specialist Everdisplay Optronics (EDO) is ramping up efforts to improve profitability and prepare for a potential listing on the Hong Kong Stock Exchange. The company is currently upgrading its production lines using vacuum deposition equipment from Japan’s Ulvac to enable manufacturing of tandem-structure OLED panels.

Tandem OLED technology stacks two or more light-emitting layers to achieve superior power efficiency and longer lifespan, making it increasingly favored in high-end OLED applications. EDO has already supplied tandem OLED panels for Huawei’s tablets—a production line that is reportedly operating profitably.

However, EDO’s broader OLED business remains in the red. To address this, the company is investing in new equipment as part of a long-term strategy to enhance profitability and expand production capabilities. The latest investment focuses on scaling up tandem OLED mass production, with a particular emphasis on the growing mid-to-large-sized OLED segment.

As of 2024, EDO’s shipments of mid-to-large-sized OLED panels are estimated at around 1.9 million units. Approximately 6–7% of these panels are used in automotive displays, while the majority are for tablet PCs. With increasing demand for OLED in the automotive sector, industry watchers expect EDO’s share in that segment to steadily grow in the coming years.

Junho Kim, UBI Research analyst(alertriot@ubiresearch.com)

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