A report from Japan updates that JOLED , the OLED inkjet printing pioneer established in 2014, has filed for bankruptcy. The company has been struggling financially for a long time, and will now close down its two production lines and lay off 280 employees (out of 380), as it could not raise funds and has liabilities of around $257 million.
According to the report, display maker Japan Display will take over JOLED technology and remaining operations.