Shoei Chemical to make Nanosys Quantum Dots
Agreement enables Nanosys to lower costs and more than double production volumes in the near term
Nanosys and Shoei Chemical have entered into a materials supply and service agreement. Under the agreement, Shoei Chemical will manufacture Nanosys' proprietary quantum dot materials exclusively for Nanosys.
The agreement enables Nanosys to more than double production volumes in the near term, and lower costs by producing closer to its customers in Asia.
This new partnership ensures uninterrupted supply of QD materials, due to geographic separation of manufacturing locations, which has become a requirement for end customers who increasingly rely on this technology for their products. In 2020 there will be more than 120 unique display products in mass production using quantum dot materials.
"Shoei Chemical is a world-leading supplier of nanoscale electronic materials for the electronics market. We've worked closely to produce our proprietary quantum dot materials to the highest of manufacturing and quality control standards," said Jason Hartlove, CEO and President of Nanosys. "Over 95 percent of our business is generated from our customers supply chains which are outside the US We look forward to working together with Shoei to meet the high-volume needs of the growing quantum dot display industry with the lowest cost, highest-performance Quantum Dot materials.
Nanosys will continue to mass produce Quantum Dots at the company's Silicon Valley headquarters. According to DSCC's Annual Quantum Dot Display Technology & Market Outlook report, QD display panel shipments are expected to grow from 10.6 million units in 2020 to 28 million units by 2024, a 27.5 percent compound annual growth rate.
"Shoei Chemical is committed to producing Nanosys' innovative, high-performance Quantum Dot materials to meet growing demand in the display market," said Shuichiro Asada, CEO and president at Shoei Chemical. "Shoei has invested in the capabilities of our people and facilities, and we are very well positioned to meet the future needs of this exciting and evolving industry. We look forward to delivering these innovative products while maintaining our cost-effectiveness and high-quality manufacturing standards."