 and we are live. Hi here during the Display Week 2021. Please introduce yourself. Hi, this is Joey Leo. I'm self-directed from VisionOx, and today we're going to talk about our latest OLED technology. There's a lot of cool stuff happening right now. The VisionOx 7.92 inch wrap-around display solution. This is your official video playing right now and we can come at it just after. With a tiny vending radius of 2.0 millimeters and low power consumption, the updated concept of devices with foldable screens has become a reality, countless application possibilities, including making one screen become a primary and secondary screen. Make the future then to your vision. Ah, this looks so awesome. VisionOx is flexible. So, okay, this is so cool. All these real or just like computer graphics? Ah, it's real. We met the demo and you can see the demo in our factory. This slide-out phone, so fascinating to see. Potentially, a phone could slide up and become nearly like a tablet or even like a laptop display from a phone. Yes, and the slideable display we've made can allow the screen to be extended up to 40 millimeters for now, and we're explaining more design in the future. I'd love to see on this phone that I have right here. I'm just going to go full-screen for a second. It'd be so cool if this part of the display, if I could slide it higher, so then this portable phone becomes a laptop suddenly with a huge display. Maybe something like that could be potentially possible, right? Yes, in the future it's potentially possible. So, maybe can you give a little bit of an introduction about VisionOx? Are you like one of the market leaders for Chinese OLED? Yes, VisionOx is the first company in China to manufacture, and it sells AMOLED displays. This year's SID will bring our latest technologies, including UDC technology and a super high refresh rate AMOLED display and also other demos with slideable AMOLED flexible displays, as you can see in the video. Nice, and you're also talking about these, I guess you call them hole punch or the little camera in the middle, where you can do the bezel, the smallest in the market. Is that true? You can make the little hole the smallest? Yes, we're trying to bring the design to the future, and the central hole for the camera is becoming smaller and smaller. It's a mainstream in the market now, and we're trying our best to make the best design for our customers. There's one thing that I've always been hoping that one company might do is to take that little camera selfie camera and put it in a corner. Is there any chance maybe some kind of optics or something that could be done to just put it in the corner of the corner and just have it, you know, like the phones are rounded on the edge? Why not put the camera on the edge of the corner so you don't have to have it in the middle of the phone? Is it maybe possible? Yes, of course it's possible, but according to the feedback from the market and also our customers, the location of the camera is a complex design which related not only to the design, but also to the user's habit and the ID design in the device level. For Vizinox, we are providing the possibility to integrate the camera hole in the central or the side edge of the display, and also we provide a whole-less camera solution which we call the Honor Display Camera. Because when I see this part of the video right here, it looks like there's a bigger chamber under where maybe the sensor is or something like that and maybe it's hard to put that in the edge or it needs to be some space around it, or is it possible to refract with some kind of mirroring or something like that and just have it, it's just like, I don't know, something I'm looking for, I don't know if anybody is doing the edge thing, like the corner of the corner. Yeah, for now there's some design in the phone in the market who put the camera hole in the side of the screen, but the best design from Vizinox is like we are trying to make the hole to be as small as possible so it can be ignored in the daily use in the phone for the end users. And we also are trying to eliminate the hole in the display so you don't have to think about where to put the camera. So you have the under display camera working, how does the quality of that under display compare to a hole? There's still some difference for now, but it really depends on the scenario that the user is trying to use the camera. But for now we're still working with our partners to improve the image quality of the selfie and through the display. And our experience for now is that the camera image quality can fulfill most of the scenarios that the users may use in the daily time. Is this right here in the video? Is it explaining a little bit what's happening? Like you're talking about one sub-pixel, and how does it work to put the camera behind the screen? And does it mean that the screen has to not show all kinds of colors while the picture is taken? Or does that matter at all? Or how does it work? Actually, the pixel we made in the UDC area is transmissive. And by integrating the camera sensor behind the screen, when the user would like to take a selfie, the UDC area will turn black and the camera will work through this UDC area. And the pixel design and also the camera design is special, dedicated and designed for this kind of use. It's a very complicated design. Nice. That's awesome. And then you have also another video here. This is maybe talking about a whole bunch of other stuff that you're doing. Maybe we can go through a little bit. The video right here is just going to play. Let me play with the sound. 165 Hz dynamic refresh display. The highly optimized driver circuit design and special pixel circuit structure makes the 165 Hz refresh rate response faster without lag. 165, that's a lot. Is that the highest in the AMOLED market? Intelligent switching from 60 Hz to 165 Hz. For now, it is the highest. Importantly, it can also scale back to 60 Hz when it's not needed. Is it going to be for games? Is it also like some aspects of the UI of Android that would be nice to put at 165 Hz? Or what would be the use for? High refresh rate technology is the one that we laid out in the proven in recent years. And it's mainly used for gaming phones and also can be adapted to other different scenarios. 165 Hz refresh rate ensures the display response faster without lag, and it can also achieve intelligent adapting from 60 Hz to 165 Hz depends on the content while keeping the perfect optical accuracy and uniformity. Actually, we will continue to explore even higher refresh rate technology in the future. So is there like what's called right here 144 Hz when it's curved? All these most modern chipsets from Qualcomm or from MediaTek or the other chipsets that might be used in some of the phones that you target, they are fast enough already to support 144, 165 Hz or you need to get like the cutting edge the next generation to support all this fast UI? You know, the current one, 165 Hz display we developed is a rigid type AMOLED and we're working with the gaming phone spraying all over the world and we're trying to develop the best gaming phone in the market. All right, can you describe a little bit is it public how big your market is? Are you shipping in millions and millions and millions of phones? Yeah, for now we are already shipping in millions pieces of the display modules to our customers and you can refer to the professional gaming phones in the market, see what kind of display they have. And are you also going towards the tablet a lot or just a little bit? And are you targeting now also the laptop which I think this video is showing really exciting 14-inch, I hope it's this one, 14-inch laptop flexible display? Yes, Visionox is actively penetrating laptop market by cooperating with industry partners. We're trying to explore more of forms of laptop and pad products. Our 14-inch flexible AMOLED has integrated UDC technology and also narrow borders and a 120Hz high-phrase rate design which will make the display lighter and thinner and also enable the display with higher brightness and lower power consumption. We will move forward for commercialized in the future and explore more solutions for laptops. Is it possible that a laptop display with AMOLED will be a little bit expensive so it has to be very special design for people to enjoy? It would be amazing if you could unfold a laptop that's very compact and you unfold it to a 14-inch with the keyboard under and maybe the wireless mouse next to it. So it's like innovative concepts, right? Is it a little bit the idea? Yes, there's a lot of innovative concepts already under discussion for now and the flexible 14-inch OLED will be firstly introduced to the high-end laptop models and in the future, with the scale of the shipment goes up and the cost of the material will go down gradually and most of the users will be able to afford such displays and such solutions. In your video, you showed that it's actually a 4K. So it's 14-inch 4K flexible AMOLED and not using too much power? For now, we're trying to optimize the park consumption between the performance and the other technical parameters and for some scenarios, the park consumption is a little bit higher and the key is to keep the fresh rate to be dynamically adaptive to the content. So this is one of the solutions to reduce the park assumptions. We're trying to do this also. How's your market and the automotive? For now, we're working with our partners on several models. In the video, you can see if 12.3 inches is one of the models we're developing now and it will be used on the vehicles in the dashboard or in the other area. How does it work to have it in an A-pillar? You need to see where the user is so you can show exactly what's behind. There's cameras looking at where the eyes are to be precise or something. The camera is located outside of the A-pillar and our screen is located in the inner side of the A-pillar. For the driver, it looks apparent through the A-pillar. The automotive market has many other areas, right? Like entertainment screens or all this other stuff. You also have targeted there? Yes, we're talking about that. All right. This has been maybe two or three years now even more showing at the display week are you showing since 2017, 18 the flexible AMOLED and it's been amazing demos, right? Now there's a few companies also selling them. My big question is how affordable can it be because some of these companies are selling them for $2,000, $3,000 of these phones. Is there any chance we can have this phone that you're showing here but affordable like less than $500 or something like that? Yeah, that's a very good projection. For now, the affordable and unrollable technology is still under development. In the future with increased demand from the market, the supply chain will be more mature and the cost will gradually decrease. At present, the cost of the key material such as PI or UTG for affordable AMOLED display is quite high. This is the main reason. I believe that the affordable and rollable devices will become the mainstream in the future. For example, now there's a 1,500 USD affordable phones in China and it is estimated that there will be about 1,200 USD affordable phones by 2022. I think it will take some time for the $500 target. How about when you just told me there's materials? What is the actual material that makes it different? Because as I understand it, isn't it just plastic instead of glass or some people are even talking about using glass for foldable and slidable, right? But what else? What is the other material? You just mentioned that it is a little bit expensive. To achieve the foldable or rollable display, we have to manage multiple layers of the material in the display. Each of the materials will have to be optimized according to different usage and scenarios. This is the most of the R&D cost we spent on. Of course, with a material scale to be not as much as the glass, the cost will be much higher. This is the situation we're facing now. Does it have to do also with yield? Maybe it's very hard to make one that's acceptable quality to sell or maybe there's a bunch of them that have to be thrown out and that makes the price go up or something like that? Yes, it's all related. Either yield or the positioning of the device. It's all related. The price will be decreased gradually in the future. Let me play a little bit the sound on the video just to get a little bit of the ambience. And the upgraded film stress management. It enables the display to slide out up to 40 millimeters with a slide radius of only 40 millimeters. 40 millimeters is actually, I think it's a lot. This is a multi-layered display. It's a very unique fish boat structure. Is this slideable design? Is it fully stable? Really, really stable? Ready for mass production? Are there any phones selling with this kind of style yet? Yes, there's some models under development and the slider distance of the 40 millimeters is achievable for now. And slideable AMOLED is relatively mature, actually, which brings the novelty to the market. Regarding the performance improvement, we optimized the multi-neutral layer design and the stress management of the multi-layer film. It enables the display to slide with such three millimeter radars and a 40 millimeter distance. Our slideable AMOLED solution has passed the test reliability. To withstand 200,000 slides, and now we already developed the concept device and it will keep working with our partners to improve the UI experience in the future. I would imagine like phones are being put in a pocket and thrown around and in bags and everything. I would guess the mechanical part that actually slides, you know, that pulls the screen apart, maybe that's the failure point number one other than the display, or how can you make sure that the actual slider mechanism is like really stable? You know, for the usage scenario, there's some point in the devices that need to be watched before they use it. So I think it's still a very long way to go before we make it to be as strong as a stone, right? How do people need to protect their screens when they have this in the pocket? Do you think it would be recommended to have some kind of screen protector on always? Or do you think it could be as strong as a regular glass phone that's like, I've been using my Huawei Mate 10 like crazy and it's never getting scratched, it's never getting broken. I throw it everywhere and it doesn't, I don't know. Like some phones don't break, right? I don't know, some fruit company phones, they seem to shatter very quickly, but how likely is it that, because I always thought that the plastic of a flexible display should in theory be more durable than the glass. The duration of the current design which is using a glass-based cover layer is the most stable structure for now. As for a slattable AMOLED display, they use the foldable cover film layer and the hardness of the film is not as high as the traditional glass, but there's some new material under development in the market, in the industrial and I would believe that the overall duration and the stability will be much more better in the future. It's still under development. So one of the trends also, and it's coming just after here, is this like the magic stick that you could have that you just, you have the papyrus, right? And are you talking about 12.3 inch or what's happening there? Why is it 12.3 inch right now? And how soon do I get this magic stick that turns into a 12.3 inch? Yeah, this kind of design is using a rollable technology and there's also multiple neutral layers, film and functional layers in the display. It's a very complex design and as for the device level, we're also trying to work with our partners on any possible and commercializable devices. And we're also looking forward to see the devices like a magic stick in the future in the market. Nice. That would be a crazy concept to have stuff like this. Yes. That's awesome. So basically AMOLED just gets bigger and bigger in the market. I mean, LCD is also working out great, right? But AMOLED is just like, the industry keeps saying that it's the best quality for smartphones, for tablets. Yeah. And then, but then I'm not sure if it's this video. I think it's one of the other videos where it, let me see if I can pull this one up and see if we get, it's here. So then next thing that you're also working on is micro LED. So what is the idea for your micro LED? Is it going to be for phones, tablets, VR, TV, or what are you doing? There's multiple application scenarios for micro LED technology where Vizionox is developing the micro LED technology in the past few years. And our new product has already been light up already. Actually, we're aiming to provide the multiple innovative solution either for wearables, automotive, TV, or AR market. There's multiple application scenarios for micro LED technology. So Vizionox is definitely checking in the micro LED, but not doing LCDs. Yes, not LCDs. That's for other companies to do those, huh? Yes. All right. And maybe if I get here to your press release, is there anything else that you would like to mention that's in your press release for the Display Week 2021? Everybody can go and register. Actually, it's free to go on the, look at the exhibits on the, on the, but there's also some seminars. Are you doing any kind of like seminars or talking about your new inventions also there? Actually, this year maybe not, but we have already uploaded more fantastic materials and like videos and documents in our boost in the SID website. And we are inviting our friends to go and visit us there. All right. And there, what do we see here? You're talking about the, the rollable. Yes, this is a rollable. And new innovations, new futures with the 14 inch and micro LED. And so that's the, that's the talk. So maybe it's a puzzle to say a little bit about this past year has been a little bit strange, but a vision ox or maybe in general with in your industry is just going fast, full, full speed. It's not slowing down, right? Yes. And, you know, we are, we've been achieved a rapid growth in the past few years on user self-revenue and, but also capacity and our year rate. The market demand for AMOLED is keep increasing year over year. And as a, as a professional professional AMOLED manufacturer vision ox can help our terminal, terminal brains customers to make high end electronic devices that meet our consumers expectations. And, you know, as a, as an international display enterprise, we will continuously response to and match the need of the global customers. We have business contact in many countries and regions. And we believe that we have the ability to serve the best partner in the world. Can you expand a little bit on your market? You're not mostly selling to devices that are sold in China or mostly international or what is the share? You know, the current revenue mostly located in China market, but we're, we're trying to look at the global market and we are lay out our business in different countries and regions for now. All right. How about this part here in the video? It says no need to glue at the edge. Is that a big deal to all these edge like tiny bezel kind of devices? Yes. This is a process we're having now. All right. Because everybody loves to get rid of their bezels, right? Yes. Everybody wants to get rid of the bezels. And to achieve the bezel is display. It requires not just technology, but also the capability of the manufacturer and the design and also the relationship with either customer and the market. All right. Let me put the voice on the video just for a second. So how's your market with wearable? We're trying to penetrate the global market for the wearable devices. And currently we launched the 1.5 6 inch, the S-Electrack shape to play with our customers. And we are also developing multiple models for the customers globally. And right here we're getting a peek at the factory. Is it the Beijing area? Where are you making all this? We have a multiple location of our panel factory located in Guan and Hubei and also Kunshan. We have also multiple backend and module process fab in China, located in different provinces in China. And how is it going with getting all the chips that you need? Like there's a big talk in the industry that there's not enough chips, but this kind of market with smartphones and everything, they have enough? We have a very good relationship with our IC suppliers and also our customer would also work with us on the IC supplyment. And for now we're still being able to manage the supplyment of the ICs. And I guess to make these amazing factories is not cheap, right? It's like many, many billions of R&B and dollars to invest in this stuff. And I guess Vision Ox have been investing for more than one decade, two decades, or it's just growing and growing. And maybe can you describe in the last two, three years it's just like huge kind of investment because you need to have the capacity to make all this. Maybe the demand is exploding, right? Yeah, so in the past few years, Vision Ox has invested hundreds of I mean, hundreds of... Millions of billions, right? Millions of billions of dollars. We have actually 100 million of dollars in our new fab. We have been also invested in the new technologies company which will be dedicated to the micro R&D technologies. And not in the past, but also in the future Vision Ox will keep investing the R&D as the main target to stay leading the position in the market. Maybe you also enable some new brands to come and take some market, right? Because there's a lot of talk about Samsung number one, Apple number two, but then there's a lot of Chinese companies just behind and they all want to win big market share. And it's maybe there's a lot of competition and this or that brand want to have something different, something innovative, right? You deliver. Yes. And as a display manufacturer and as a supplier for the other customers, we are keeping a very good relationship with global customers, either overseas market or China local market. So there's a question from Carol Bag. Where can I buy this display and build quantity? How does it work? If people who want to make a product they need to make like 100,000 minimum, 10,000 minimum, or what is the minimum quantity to make this crazy phone that folds and everything? Yeah, if it's about only the display module, you can try to visit our website, www.VisionOx.com and try to figure out the contact on the website and we'll talk about the detail of business if you would like to buy some displays. Do you think startups can get started and do some things with you? People who have crazy new ideas, they can always talk and there's a potential that you will be interested even if the quantity is only like 1,000 or 5,000, it's maybe interested still to do something new, something different, right? I think it's one of our important targeted market because we are also starting from a very small company and we understand the startup company, what they need, we'll do our best to support them. Nice, that's awesome. I'm looking forward to see crazy new products that are so interesting and different and like new ideas how people can be more productive with more compact devices because the tablet was great and I was talking about tablets since 2004 but the thing is if you have a big device you cannot put it in a pocket so you're not going to take it everywhere as much but if you can have a phone that can slide out or that can fold out into a tablet then maybe the tablet will become 100 million or billion people will use them all the time if they can easily slide and fold it but I think potentially it could be huge, right? Yes, the market will keep growing for a foldable device and a slideable device in our opinion and in the future we'll keep investing on this kind of technology and bring the best and the lower cost solution to our customers and we'll work with our partners to bring the device to the market as soon as we can Sorry to keep asking more and more questions maybe it's a little bit secret but the foldable versus the slideable is there any way to say which one is more affordable to mass manufacture or is similar or Both are very innovative in the concept design level and we invest on the display technology and the question you ask is really related to the system level design and I think either one will have a very good potential in the future to see what happens Alright thanks a lot I think maybe next time if people want to ask questions they can ask in the comments maybe you can check later and maybe you can answer to some of them if you want and then people can also sign up to displayweek.org get to the conference maybe they can find your virtual booth there and there's a way to contact you there also right otherwise hopefully there'll be some nice comments here in the video people really asking how to get it where, how soon and maybe some kind of way to answer it some kind of go support this startup that are doing crazy phone or this huge company like famous brand that is launching something but sometimes you cannot really say which brand is using your devices right it's you don't really say it but I can't say we have NDA without customers so you cannot say which one but people can try to guess maybe or something they will come to try to guess so thanks a lot, thanks for your time and thanks for showing all your technology right here I'm looking forward to what will happen in this year it's going to be very exciting 2021 maybe the finally the foldable, the slideable and all this will become really mass market thank you thanks everybody for watching