Lite-On Reports Steady Growth in LED Related Businesses, While AUO Monthly Panel Shipments Increase.

JOLED, a new OLED display company founded by Japanese electronic giants Sony, Panasonic and government affiliated Innovation Network Corporation of Japan (INCJ) has started operations in January 2015, according to a Nikkei BP report. OLED is a highly anticipated display material, due to its light weight and flexible properties. Yet, OLED displays have not been widely adopted because of its cost disadvantages compared to LCD panels.