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Japan Display affiliate seeks funds to churn out printed OLEDs

JOLED hopes to raise $890m for plant from domestic companies

JOLED intends to supply OLED panels for medical and broadcasting equipment initially.

TOKYO -- Japan Display affiliate JOLED has brought in Sumitomo Chemical to help fund a new plant making organic light-emitting diode display panels via a novel low-cost method, though many more contributions are needed to make that plan a reality.

The Japanese display maker, formed in the merger of Sony and Panasonic's OLED operations, aims to commercialize OLED panels produced by inkjet printing, a process the company says will reduce manufacturing costs 20-30% compared to the vapor deposition method others use. JOLED produced its first shipment of the panels Tuesday on a test line, and is sending them to Sony.

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