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Universal Display Corporation, LG Chem Announce Strategic OLED Host Partnership

Financial terms of the partnership agreement were not disclosed.

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By: Anthony Locicero

Copy editor, New York Post

Universal Display Corporation and LG Chem, Ltd. announced a strategic OLED host partnership.

Expanding on its decade-long partnership, UDC and LG Chem will work together to develop and commercialize red, green and yellow OLED host materials.

LG Chem will be a local manufacturer of these host materials for specific customers in Korea.

Financial terms of the partnership agreement were not disclosed.

“We expect synergy to be so great that two companies with the best technology in each fieldwork together,” said Yu Jiyung, president of Advanced Materials Company of LG Chem. “We will produce an emitting layer that has greatly improved high ‘Wide Color Gamut’ performance in line with the expansion of the OLED market and timely supply to customers.”

“As the adoption of OLEDs continues to widen across the consumer electronics landscape, product roadmaps and OEM specifications are rapidly changing,” added Steven V. Abramson, Universal Display’s president and CEO. “We believe that this host collaboration will deliver customer value and further serve and support the Korean OLED ecosystem with high-performing, energy-efficient, cost-effective phosphorescent OLED emissive systems for bright, brilliant, beautiful OLED displays.”

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