PMOLED (Passive Matrix OLED): introduction and basics

SOAR Corporation announced that it has shipped over 1.3 million transparent PMOLED displays to date. The company says that this milestone shows that transparent PMOLEDs are becoming a mainstream user interface, and that transparent displays carry real value.

As an example successful application, SOAR says that its full-color transparent PMOLEDs have enhanced the performance of golf laser rangefinders, providing much higher clarity than what is possible with transparent LCDs.

Visionox is one of China's pioneering AMOLED producers, and arguably the industry's most technically ambitious second-tier player. Grown out of an OLED research group at Tsinghua University, the company built mainland China's first PMOLED line, its first AMOLED pilot line, and its first dedicated Gen-5.5 AMOLED mass-production line, and it currently holds somewhere around 10% of the global smartphone AMOLED market. By the end of 2024 it had shipped more than 240 million OLED panels cumulatively.

Yet Visionox is also the cautionary tale of the OLED industry. It is the smallest of the OLED focused panel makers, and the only major producer that remained loss-making in 2025, having accumulated roughly $1.2 billion in net losses over three and a half years. In late 2025 a Hefei government investment arm stepped in with a ~$410 million cash injection that made it the company's largest shareholder and de facto controller — a rescue that underlines both the strategic value Beijing places on a homegrown OLED champion and the financial fragility of the business itself.

That tension — between genuine technology leadership and a balance sheet under severe strain — runs through everything Visionox is doing right now, above all its $7.6 billion bet on an 8.6-Gen fab that will be the first in the world to attempt maskless OLED production at scale. In this article, we detail Visionox's history and corporate structure, its market position, its AMOLED capabilities and fabs, its ViP and pTSF technologies, its 8.6-Gen and microLED roadmaps, and its stock performance, opportunities and challenges.

Truly International Holdings is a Hong-Kong headquartered display and electronics manufacturer with over four decades of history, a public company that trades in the HK stock exchange (HKEX: 00732). Truly mostly operates its display business through its subsidiary Truly Semiconductors.

The company is the world's 2nd largest small and medium display maker, operating LCD, PMOLED, and AMOLED fabs, serving automotive, smartphone, wearable, industrial, and medical markets.

Truly is one of the world's leading PMOLED maker, and it is also a small-scale AMOLED maker. In the mid-2010s, Truly had ambitious plans to expand its AMOLED production, but the company later effectively retreated from its large-scale AMOLED strategy, formally terminating its planned 27.9 billion Yuan 6th-Gen AMOLED JV in September 2024, and is instead doubling down on TFT-LCD and niche OLED applications.

As the global electronics industry pursues supply chain diversification away from China's overwhelming dominance, India has emerged as a focal point for next-generation manufacturing. There’s much government backing towards the semiconductor industry, but our focus, of course is on the display industry.

Can India establish itself as a significant display manufacturing hub? In this article we look into India’s display research capabilities, the country's chemical industry, supply chain challenges, the geopolitical imperative to reduce Western dependence on Chinese production, and current OLED, LCD and microLED projects and efforts. We conclude by trying to predict where India is header, and whether there is a real chance that in the future will see a meaningful display industry in India.

Samsung Display Corporation stands today as the world's dominant OLED panel manufacturer, commanding approximately 40% of global OLED revenue and producing around 500 million AMOLED panels annually.  SDC’s OLED business is as profitable as the entire display industry together, if not more. This remarkable position represents the culmination of more than two decades of strategic investments, technological innovation, and calculated risks that began when OLED technology was still in its infancy.

Indeed, Samsung was the first company to fully commit to AMOLED production, and invested heavily in early R&D and took a leap of faith that was needed as the technology was not fully ready for mass adoption. In this article, we detail Samsung Display's history, AMOLED and QD-OLED capabilities and fabs, its technology roadmap, opportunities and challenges, and its OLED microdisplays and microLED projects.

OLED producer Qingyue Technology announced that a suspected fraud investigation has been opened against the company by the China Securities Regulatory Commission (CSRC).

The company's general manager, Gao Yudi, likely being the main target of the investigation, has issued a decision to pay civil damages of at least 10 million Yuan ($1.4 million USD) to the company, and also withdraw his share repurchase proposal. In addition Gau Yudi will place 9 million Qingyue shares into a wholly-owned subsidiary "as a guarantee of performance". 

A jury in the Texas Federal Court found Samsung Electronics to be guilty in its patent fight with Pictiva Displays. Samsung was ordered to pay $191.4 million in damages, for infringing upon two US OLED patents (US8,314,547 and US11,828,425).

Samsung says that it will appeal the verdict, and it is also pursuing a separate case with an aim to invalidate the patents in question. The original lawsuit by Pictiva Displays was filed in 2023. 

We are launching a new OLED-Info Pro premium article series, spotlights on OLED companies. Each article will look into one OLED industry company, detailing its past, present and future. In this first article, we are focused on Pioneer, the first company to produce OLED displays commercially. 

Pioneer corporation history

Pioneer Corporation was established in 1938, in Tokyo, by Nozomu Matsumoto. The company started out as a radio and speaker repair shop, under the name Fukuin Shokai Denki Seisakusho. Matsumoto developed a dynamic speaker, and named it the A-8 "Pioneer". In 1961, the company name was changed to Pioneer Electronic Corporation, inspired by the A-8 Pioneer speaker. This was a suitable name - the company was indeed a pioneer in the audio industry - it launched the first separate stereo system in 1962, the first component car stereo system in 1975 and the first car CD player in 1984.