Universal Display Corporation Expands China Presence with Grand Opening of Chengdu OLED Technology and Innovation Center

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Key Terms

oled technical

OLED is a display technology that uses thin layers of organic material that produce light when electric current passes through, enabling thinner, more flexible screens with deeper blacks and more vivid color than traditional backlit panels. Investors watch OLED adoption because it affects product appeal, manufacturing complexity and supplier relationships—wider use can boost revenues and margins for makers of phones, TVs and components, while limited adoption can shift competitive and cost dynamics.

organic light emitting diode technical

A organic light emitting diode (OLED) is a thin, flat display technology made of organic compounds that glow when electricity flows through them, so each pixel acts like its own tiny light bulb. Investors care because OLED screens enable brighter colors, deeper blacks, lighter and sometimes flexible devices, which can drive consumer demand, affect manufacturing costs, supply chains and licensing revenue, and therefore influence product pricing, margins and sales forecasts.

phosphorescent technical

Phosphorescent describes materials that absorb light and then release it slowly over time, producing a visible “glow-in-the-dark” effect after the light source is removed—like a sticker that continues to glow when you turn the lights off. Investors care because this property can create product advantages (safety signage, consumer goods, coatings, displays), influence regulatory compliance and warranty claims, and drive demand, pricing power, or patent value for companies that make or use these materials.

solid-state lighting technical

Solid-state lighting uses light-emitting diodes (LEDs) or organic LEDs mounted on solid materials to produce light, instead of bulbs that rely on heated filaments or gas. For investors it matters because these lights use much less energy, last far longer and require less maintenance—like replacing many lightbulbs with a single, durable chip—driving cost savings, faster adoption in buildings and vehicles, and steady demand for makers and suppliers.

universalpholed technical

A universal phosphorescent OLED (PHOLED) is a type of organic light-emitting diode that uses special phosphorescent materials and a broadly compatible ‘host’ layer to produce bright, energy-efficient light across multiple colors. Think of it as a single light bulb socket that accepts many bulb types while using much less power and lasting longer than older bulbs. For investors, advances in universal PHOLED materials can lower manufacturing costs, improve device efficiency and lifetime, and thus affect makers of displays and lighting products.

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06/02/2026 - 08:30 AM

EWING, N.J. & CHENGDU, China--(BUSINESS WIRE)-- Universal Display Corporation (UDC) (Nasdaq: OLED), a global leader in energy-efficient OLED technologies and materials, today announced the grand opening of its OLED Technology and Innovation Center in Chengdu, China. The opening event brought together company leaders, customers, partners, and local representatives to mark UDC’s continued expansion in the region and its commitment to supporting the next phase of OLED innovation.

Ribbon-Cutting Ceremony at UDC Chengdu OLED Technology and Innovation Center. (From left to right, General Manager of UDC China, Mr. Yeyun Dou, General Manager of CSO Organization, BOE, Mr. Xiangdong Qin, Senior Vice President of BOE, Mr. Xiangnan Yun, Chief Executive Officer of UDC, Mr. Steven V. Abramson, Executive Vice President and Chief Technical Officer of UDC, Dr. Julie Brown, Deputy Secretary General of CODA LCD Branch, Mr. Chunming Hu, General Manager of UDC Chengdu, Mr. Hao Ye)

Located in one of China’s leading OLED manufacturing hubs, the Chengdu facility features state-of-the-art laboratories and a dedicated customer support center. The site is designed to support materials characterization, device optimization and application development, strengthening UDC’s ability to engage more closely across the development cycle and enabling closer alignment with customers’ evolving specifications. This expanded footprint reflects the Company’s long-term investment in the region and its role within the broader OLED ecosystem.

“The opening of our Chengdu OLED Technology and Innovation Center marks an important milestone in our continued growth in China and reinforces our long-term commitment to our customers and partners,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “As a leader in OLED technologies and phosphorescent materials, we are expanding our presence in the region to foster greater collaboration, provide more direct, hands-on support while advancing the development of next-generation high-performance, energy-efficient and sustainable displays and lighting.”

About Universal Display Corporation

Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. Founded in 1994 and with subsidiaries and offices around the world, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 7,000 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.

Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other Company, brand or product names may be trademarks or registered trademarks.

All statements in this document that are not historical, such as those relating to the projected adoption, development and advancement of the Company’s technologies, and the Company’s expected results, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the section entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2025. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

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