Shenzhen Royole Technology Co., a flexible display technology and product developer, opened its “Quasi-6-Gen” flexible production volume OLED assembly line to the media recently.
It is the first time in seven years that the company has opened one of its production lines to the public.
According to Liu Zihong, co-founder and CEO of Royole, in Phase I this assembly line manufactured 20 million pieces of FlexPai flexible displays a year if each display is calculated at 5.5 inches.
After Phase II is put into production, the volume will be increased to 50 million smartphone panels a year.
Royole introduced its FlexPai, the world’s first fully foldable smartphone display, at China National Convention Center in Beijing in October 2018.
“Our curved or rollable display products are different from those of our competitors in technology principles, materials and development systems, which helps us reduce costs, and improve performance and application.
Royole was founded by Liu and two other graduates of Tsinghua University and Stanford University simultaneously in Shenzhen, Hong Kong and Silicon Valley in the United States in 2012.
In the seven years of development since its establishment, Royole has become one of the world’s fastest-growing unicorn enterprises with more than 2,000 employees in more than 20 countries.
Liu said Royole only entered the smartphone market after a long period of consideration, adding that through the smartphone business, Royole will not only revolutionize itself but also lead the world in foldable display technology in the next 10 years.
In an interview with the Southern Metropolis Daily, Liu chose not to disclose the FlexPai sales figures, but said market demand far exceeded the company’s capacity.
Liu also said Royole does not have a plan for an IPO in the near future, and investors agree with the company’s development strategy.