The company sources raw materials from multiple suppliers to maintain timely customer fulfillment and has not encountered issues obtaining key raw materials. In February 2021, it amended an agreement with PPG to extend the term and define operation and maintenance services provided by PPG SCM Ireland Limited at the Shannon, Ireland manufacturing site, which became operational in June 2022. The company purchased the Shannon site in September 2023 and updated the agreement with PPG SCM accordingly. The Shannon facility expands manufacturing capacity and diversifies the global manufacturing base. The company collaborates non-exclusively with other OLED material manufacturers to combine proprietary PHOLED emitting dopants with other OLED materials; these collaborations are not expected to generate significant revenue. Research and development activities are primarily conducted internally and through partnerships, with a significant portion based at the Ewing, New Jersey facility, supporting technology development and manufacturing scale-up.
Universal Display's Comment on Supply Chain
The company sources raw materials from multiple suppliers to maintain timely customer fulfillment and has not encountered issues obtaining key raw materials. In February 2021, it amended an agreement with PPG to extend the term and define operation and maintenance services provided by PPG SCM Ireland Limited at the Shannon, Ireland manufacturing site, which became operational in June 2022. The company purchased the Shannon site in September 2023 and updated the agreement with PPG SCM accordingly. The Shannon facility expands manufacturing capacity and diversifies the global manufacturing base. The company collaborates non-exclusively with other OLED material manufacturers to combine proprietary PHOLED emitting dopants with other OLED materials; these collaborations are not expected to generate significant revenue. Research and development activities are primarily conducted internally and through partnerships, with a significant portion based at the Ewing, New Jersey facility, supporting technology development and manufacturing scale-up.
Sources:
Universal Display Corporation's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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