Japanese display manufacturers have struggled to compete with South Korean and Chinese companies for years, but in some cases they have found niche markets or strategic investors to keep them afloat. This has not happened in the case of JOLED, which has filed for bankruptcy.
JOLED was formed in 2015 with the participation of Sony, Panasonic, and Japan Display; it aimed to develop small and medium-sized OLED displays, while Japan Display (15%), Panasonic, and Sony (15%) each received a 10% share of the proceeds. In June 2020, China's TCL Technology bought a 10.76% stake in JOLED for $281 million.
This Japanese business has failed to establish a profitable OLED display industry. By March last year, it had accumulated so much debt that they exceeded the value of its assets. It is anticipated that part of the JOLED business will be transferred to Japan Display, which originally wanted to acquire a share in this display manufacturer.
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