Tianma Micro-electronics, Universal Display Extend Long-Term OLED Agreements

Universal Display and Tianma Micro-electronics Co. Ltd., a leading Chinese display panel manufacturer, announced the extension of their long-term OLED material supply and li-cense agreements.

The agreements extend Universal Display’s supply of its proprietary phosphorescent OLED materials and technologies to Tianma Micro-electronics through its wholly-owned subsidiary UDC Ireland Limited for an additional multi-year-term. Further details and fi-nancial terms of the extended agreements have not been disclosed.

Tianma Micro-electronics and Universal Display Corporation (UDC) entered into long-term, multi-year OLED patent license and material purchase agreements in 2016. The ex-tension of these agreements ensures the continued collaboration and fruitful partnership between two leading companies in the OLED ecosystem.

Tianma is currently expanding its Gen 6 OLED facility in Wuhan and readying its new 48 billion yuan (US$7.5 billion) OLED manufacturing plant in Xiamen for commercial mass production. UDC will continue to supply its leading-edge, high-performing, and highly ef-ficient phosphorescent materials and OLED technologies to support Tianma’s initiatives for delivering best-in-class, energy-efficient OLED displays to OEM customers and con-sumers around the world.

“We are pleased to extend our long-term agreements with Tianma Micro-Electronics and further bolster our partnership of innovation, collaboration and excellence,” said Steven V. Abramson, president and CEO of Universal Display. “Tianma is broadening its leader-ship in the landscape of small-and-medium displays, and its new Gen 6 OLED fab in Xia-men is expected to support their growth.”