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Merck Announces Investment in China OLED Business

Science and technology company Merck announced the opening of its new OLED Technology Centre at a ceremony commemorating the company’s 350th anniversary. The new centre, located at the Merck Performance Materials China Hub in Shanghai will provide local customers with solutions to enable OLED application development.

Image:Merck

The company said, “[the centre] offers a range of state-of-the-art equipment and cleanroom facilities to enable OLED device fabrication and characterisation. This location will serve as a collaboration space for customers and Merck as they work together to generate the ideal solutions for OLED display products”.

According to a report in Economy & Nation Weekly magazine in China, nine 6G flexible AMOLED display screen production lines have been constructed or are currently being constructed in China, with a total investment of RMB 157.5 billion ($24.2 billion). IHS Markit estimates that by 2020, China’s OLED display production capacity will account for 28% of the global market, making China the second-largest supplier of OLED displays in the world.