| kowenicki said: Its also wrong. They sold a building this quarter too for 52.8bn yen.... |
The best news of those announcements is that OLED will live with the formation of the new company - "JOLED Inc."
Also with Sony and Panasonic having smaller investments in the company (and big partners) they're also reducing their risk.
And while they state that they'll start with smaller screens I hope one goal is to progress the future viability of OLED TVs as well.
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JOLED (Japan OLED) was established in August 2014 (but will begin operations in January 2015) by Japan Display, Sony and Panasonic with an aim to become an OLED medium display producer (focusing at first on OLEDs for tablets, laptops and signage). JOLED will receive and investment from the Innovation Network Corporation of Japan, a public-private investment fund. INCJ will hold 70% in the new company, JDI will hold 20% and Sony and Panasonic will each own 5%. The company reportedly will mainly use Sony's WRGB OLED technologies, but it will also develop Panasonic's printing technology and attempt to produce flexible OLEDs - source |
