Many of our modern electronic devices wouldn’t exist in quite the forms we know without the contributions of Universal Display (NASDAQ: OLED) and Applied Materials (NASDAQ: AMAT).
Universal Display owns the world’s largest portfolio of OLED patents. Unlike LCDs, which light up an entire screen, OLED screens turn individual pixels on and off — which enables them to display deeper contrasts while consuming less power. Many high-end smartphones, TVs, and monitors use OLED screens. The company licenses its patents and sells the materials for OLED manufacture to display-panel makers.
Applied Materials provides equipment, services, and software for manufacturing semiconductors, display panels, solar products, and coatings for flexible electronics. It also overtook ASML Holding as the world’s largest semiconductor equipment maker last year, according to The Information Network.