Universal Display Corporation (UDC) extended its long-term OLED material supply and license agreements with LG Display Co., Ltd.

Building on over 20 years of collaboration, the extended agreements reinforce a shared vision to accelerate OLED innovation and expand next-generation display applications worldwide. 

“Extending our long‑term agreements with LG Display marks another important milestone in a partnership that has helped shape the OLED industry for more than two decades,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. “LG Display has long been a pioneer in OLED innovation, and together we have continuously pushed the boundaries of what OLED technology can achieve.”

Per these agreements, Universal Display will continue supplying its industry-leading UniversalPHOLED materials and OLED technologies to support LG Display’s cutting-edge OLED product roadmap through UDC’s wholly owned subsidiary, UDC Ireland Limited. 

Further details and financial terms of the agreements have not been disclosed.