Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

MagnaChip, Melfas to collaborate on OLED applications for automotive and consumer markets.

Document Cited in Related
Vincent

INTERNET BUSINESS NEWS-(C)1995-2019 M2 COMMUNICATIONS

MagnaChip Semiconductor Corporation (NYSE: MX), a designer and manufacturer of analog and mixed-signal semiconductor products, and Melfas Inc., a provider of proven touch controller ICs and touch screen / touch key modules based on capacitive touch sensing technologies, have announced a partnership to develop advanced OLED display capabilities for the automotive and consumer electronics sectors, the company said.

Currently, OLED technology is deployed primarily in televisions and mobile products such as smartphones and smartwatches, but OLED displays represent an attractive growth opportunity. Industry forecasters expect the segment to show compounded annual growth rate (CAGR) of 187% between 2018 and 2022.

Accordingly, MagnaChip and Melfas are working towards developing automotive display-related solutions in an effort to respond to this fast-growing market. With their current solutions, the two companies will initially address opportunities in consumer electronics and, going forward, will work closely together to develop solutions for OLED displays in automotive.

MagnaChip is the independent provider of OLED DDICs, and benefits from long relationships with the top two OLED display panel makers in the world. Further, more than a dozen smartphone OEMs currently use MagnaChip's OLED DDICs in their smartphone lineups. Over the past 10 years, MagnaChip has shipped more than 400 million OLED DDICs, and...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT