Visionox and TCL CSOT purchase new equipment for 8.6-generation OLED production line from Korean companies

On March 18, South Korean equipment company ELP stated in its 2025 business report: "To lead the IT market, global OLED manufacturers are shifting from existing 6th generation panels to investing in 8.6th generation panels. From 2024 South Korea's S The company’s 8.6 generation (based on glass substrate investment, monthly) investment of 15K has begun. In 2025, China Company B, China Company V, and Company C in 2026 are executing investments in order to cope with future market expansion.”

ELP explained: "Regarding the 8.6 generation (IT OLED) investment, ELP has obtained equipment orders and completed supply from South Korean Company S in 2024 and Chinese Company B in 2025, and is expected to achieve mass production in 2026. At the same time, we have also obtained orders from Chinese Company V and Company C, and plan to supply by the end of 2026."

Some media reports pointed out that although ELP did not directly mention names, in chronological order, Company S refers to Samsung Display, Company B refers to BOE, Company V refers to Visionox, and Company C refers to TCL China Star Optoelectronics.

Image source: ELP

ELP emphasized in its 2025 business report: The company's main equipment - OLED panel aging equipment and testing equipment, is used in the post-processing of OLED manufacturers for final defect detection and improved reliability. Because the equipment affects production takt time and yield, the company only works with a few suppliers for safety and other reasons.

The report further pointed out that for panel aging equipment provided to domestic customers in South Korea, many companies are responsible for automated logistics such as panel transportation, and ELP provides aging equipment that drives and detects panels. The Korean domestic customer here refers to Samsung Display.

ELP posted its first operating profit surplus in five years last year. In 2025, the company's sales reached 27.3 billion won, a decrease from the previous year, and operating profit was 2.3 billion won. ELP stated that the display industry is in the mid- to long-term recovery stage, but due to the characteristics of equipment companies, sales have decreased due to temporary factors such as customer equipment investment and equipment supply timing. Regarding the reason for turning losses into profits, the company explained: "Profit growth was due to the increase in revenue from low-cost projects and the reduction of costs."