Merck to build OLED materials base in Shanghai
Merck plans to build its first OLED (organic light-emitting diode) materials production base in Shanghai this year.
Meanwhile, its OLED lab expansion in Jinqiao in the Pudong New Area has been completed and will be in operation soon.
Allan Gabor, president of Merck China and managing director of Merck Performance Materials China, said: “We are investing in our OLED technology, having doubled the size of our application center and are investing across the whole value chain for OLED.”
He said the display domain, which is dependent on the global economy, is down a bit from last year. But as major economies across the world are restarting, it will pick up this year.
According to IHS Market’s Display Market Forecast, Global OLED panels used in mobile phones and TVs will continue to post double-digit growth in the future.
“In the future, OLED displays will penetrate in small and medium-size and flexible display and will usher in a rapid increase in market share. Meanwhile, LCD (liquid crystal display) will still occupy a leading position in large-size displays,” said Ouyang Zhongshan, director of the strategic development committee with the Institute of Theoretical Physics, Chinese Academy of Sciences, at the Display Innovation China, one of the most important summits for the display industry.
Apart from re-imaging the display industry, OLED drives the need for more advanced semiconductors, in which Merck will also keep investing. Meanwhile, Merck will participate in the third China International Import Expo, exhibiting its semiconductor business in particular.
Merck is a German science and technology company with three pillar businesses — health care, life science and performance materials.