[Asia Economy Reporter Jang Hyowon] InnoX Advanced Materials is showing strong performance following news that it will supply optical films for Quantum Dot (QD)-OLED TVs to Samsung Display. This marks the first time a domestic materials company has successfully localized optical films previously supplied by Japanese companies.
As of 1:30 PM on the 21st, InnoX Advanced Materials is trading at 35,450 KRW, up 1,150 KRW (3.35%) from the previous trading day.
According to industry sources, InnoX Advanced Materials began full-scale supply of optical films for next-generation display QD-OLED to Samsung Display starting this month. QD-OLED is a next-generation display in which Samsung Display plans to invest 13.1 trillion KRW by 2025.
Samsung Display recently increased the QD-OLED yield rate to 85%, accelerating its business momentum, during which InnoX Advanced Materials newly joined as an optical film supplier.
The optical films developed by InnoX Advanced Materials were previously supplied by Japanese companies such as Sumitomo Chemical and Nitto Denko. After over two years of development, InnoX Advanced Materials began mass production this month, receiving recognition for its technological capabilities as well as an advantage in price competitiveness.
InnoX Advanced Materials has grown primarily through LED mobile process films and TV encapsulation materials. By mass-producing optical films for QD-OLED TVs, which are attracting attention as next-generation optical films, the company has been able to diversify its portfolio.
An InnoX Advanced Materials representative stated, "The supply of optical films for QD-OLED TVs has become an opportunity to elevate the company's development and production capabilities to the next level. This year, we will focus more on meeting the quality standards and manufacturing competitiveness required by customers rather than market share, and meaningful sales results are expected starting next year."
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