Denso in talks for $440 million investment in JOLED Inc

Denso Corp. is considering investing 50 billion yen at JOLED Inc. The maker of gasoline parts based in Kariya is in talks to invest US$440 million for organic light-emitting diode (OLED) manufacturer in INCJ corp's JOLED.

JOLED (Japan OLED) was founded in 2015 and has started hitting the market this month as the world's first OLED maker to use a lower cost printing process. The company aims to raise funding of 100 billion yen to expand production capacity.

Tinuku Denso in talks for $440 million investment in Joled Inc

Sony Corp. and Panasonic Corp. are also expected to invest 10 billion yen each, while Sumitomo Chemical Co. and Screen Holdings Co. are considering doing the same. The four will at least prepare an investment of up to 40 billion yen in JOLED.

OLED screens are thinner, more flexible and offer richer colors than liquid crystal displays (LCDs), but production costs are still high. Apple Inc. has adopted the screen for iPhone X. JOLED said the company is in talks with various investors.

Denso, Sony, Panasonic, Sumitomo, Screen Holdings and Sony have so far declined to comment. Innovation Network Corporation of Japan holds 75 JOLED shares, 15 percent held by Japan Display, while Sony and Panasonic each 5 percent.