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Univision to invest $40M in OLED line expansion

Posted: 10 Mar 2006 ?? ?Print Version ?Bookmark and Share

Keywords:OLED display? oled? Univision Technology? Warbug Pincus?

OLED display manufacturer Univision Technology Inc. recently revealed that it has received investment worth $40 million from Warbug Pincus LLC, which will be used for its OLED capacity expansion plans.

According to Univision, it plans to increase capacity at its third OLED production line in its facility in Hsinchu, northern Taiwan.

Ray Chang, Univision chairman, said that the company aims to maintain its leading spot in the global OLED market in terms of shipments and sales. In 2005, the company ranked third in shipments and fourth sales-wise in the worldwide OLED market.

Warbug Pincus is an international private-placement capital firm, which has invested over $2 billion in more than 50 companies in Asia.

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