Taiwanese passive OLED maker Ritdisplay has said that demand for its PMOLED panels has been high this year, and revenue for the first half of 2016 is up 40% YoY to $31.2 million. It is thought that profits in the six-month period could exceed those for all of 2015.
On the back of the news Ritdisplay has issued an IPO and plans to apply for a listing on the Taiwan stock exchange this year. The company is still 75% owned by parent Ritek.
