Chinese company Irico to manufacture OLEDs

May 22, 2009: China-based panel maker Irico Group Electronics plans to invest $74.38 million in its first OLED production fab, which broke ground in Foshan, China on May 12, 2009, according to a report in Digitimes Displays.

Organic light emitting diodes (OLEDs) are screens based on nanostructured polymer films.

Digitimes cited China media reports as saying that construction of the OLED production fab will take about 16 months, with annual capacity to reach 12 million panels.

The reports noted that Irico also plans to build module and low-temperature polysilicon (LTPS) production lines, according to Digitimes.

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