Ritek obtained $274.6 million loan from consortium of 12 Taiwanes...
Ritek obtained $274.6 million loan from consortium of 12 Taiwanese banks to fund purchase of equipment for manufacturing organic light-emitting diodes (OLED) and polymer (OLEDs). Consortium was led by Land Bank of Taiwan, and Ritek received loan through Taiwan’s…
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Council for Economic Planning & Development. Money will used to buy equipment to outfit to 2 passive matrix (PM) color OLED production lines and single polymer OLED line. Production of PM OLED is scheduled to start in 2nd quarter, polymer in 3rd quarter. Among Ritek’s customers is Three-Five Systems-Dupont Displays joint venture that’s expected to begin production of OLEDs for handheld PC and cellular phone applications in 2nd quarter 2002.