According to news reports Taiwan's Ministry of Economic Affairs (MOEA) has announced it will be supporting the development of OLED technology in Taiwan and will be investing NT $100 billion (about US $3.21 billion) to develop the technology, during a press conference to promote new display technologies in the country's capital Taipei.
According to the report the government is aiming to mainly invest in flexible AMOLED and PMOLED display technology, as part of its strategy in next generation displays. The injection of NT $100 billion to develop the next generation display technology is expected to generate 1,500 new jobs in Taiwan.
The Department of Industrial Technology (DOIT), an organization under MOEA, noted the government will primarily be working through Taiwan's Industrial Technology Research Institute (ITRI) to vertically integrate the OLED upstream to downstream sector in Taiwan to build a flexible display supply chain.
The ministry is aiming to domestically manufacture core OLED materials and equipment, and has successfully developed a prototype AMOLED product from the initial collaboration. In the future, OLED display technology developed jointly between DOIT and ITRI will be transferred to local display manufacturers.
The ministry aims to collaborate with Taiwanese manufacturers to develop OLED material, equipment, panel modules, and systems to form a comprehensive vertical supply chain. MOEA envisions transforming Taiwan into the new global hub for flexible AMOLED display technology.
The Taiwanese government has been supporting Taiwanese OLED manufacturers over the past eight years through DOIT.
MOEA's local R&D institute partner ITRI is collaborating with many Taiwanese LED manufacturers to develop new AMOLED products.
Figure: ITRI/MOEA - Representatives appeared at press conference announcing the Taiwanese government's decision to invest in OLED technology