Royole Corporation raises $800 million in Series D funding

Commentary

According to tech research firm IHS Technology, flexible displays could be the future of mobile technology. Based on its market forecast, over half of all display shipments will consist of flexible screens by 2024. Even more interesting, 51% of all flexible displays are predicted to be foldable by 2020. With estimates this promising, it’s no surprise why investors are bullish on flexible display technologies. Last week, Royole Corporation, the maker of the world’s thinnest full-colour flexible display, has raised a total of $800 million in its Series D funding round from a consortium of investors. The round consisted partly of $560 million in debt financing and $240 million in equity financing. The Chinese startup, which was co-founded in Silicon Valley, is a pioneer in the field of advanced flexible displays. The new round of funding will help the company infuse more resources into R&D, production, and other fields to fast-track its growth. The company is now constructing a flexible OLED production facility in Shenzhen, China. Other players in the field, like South Korea’s Samsung Display and LG Display, as well as Taiwan’s Innolux, have all started producing their own versions of flexible displays.

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