JDI Announces Extension of Final Agreement for Strategic Cooperation with HKC until the End of September

Recently, Japan Display (JDI) announced that the final strategic cooperation agreement between the company and HKC will be signed at the end of September from the end of June.

JDI stated that both parties plan to sign the final agreement as a global strategic partner to jointly carry out business in June 2023. Afterwards, the company and HKC actively negotiated, but as it was a large-scale strategic cooperation, a broad and detailed decision was necessary. Based on the agreement of the two companies, the negotiation period was extended.

It is reported that in April this year, JDI announced that it had signed a Memorandum of Understanding (MOU) with HKC, and the two sides will cooperate in the next generation OLED technology and wafer factories, global innovation and industrialization centers, and high-end automotive display business. The eLEAP OLED technology wafer factory aims to achieve mass production by 2025.

Regarding the background and purpose of the memorandum of understanding, JDI pointed out that the company's next-generation OLED technology eLEAP has significantly improved display brightness and lifespan. The first batch of eLEAP samples were delivered to customers in August 2022, and mass production is planned to begin in 2024. In addition, the company has also developed HMO (High Mobility Oxide) technology and is committed to mass production. Two technologies have reduced costs by fundamentally simplifying the front-end and backplane manufacturing processes. In recent years, HKC has had a huge display business in China. Since 2017, HKC has put into mass production at G8.6 display wafer factories in Chongqing, Chuzhou, Mianyang, and Changsha. Both parties believe that cooperation can lead to significant performance growth.