Universal Display Not Disclosing Size of UDC Ventures Fund for Tech Investments

OLED materials supplier Universal Display isn't disclosing “the size of the fund” new subsidiary UDC Ventures will have at its disposal to invest in technology startups and entrepreneurs (see 1905090004), emailed spokesperson Darice Liu Friday. “Universal Display’s balance sheet is robust and we expect to use some of the cash for investment opportunities,” she said. The company reported $225.05 million in cash on hand and $968.19 million in total assets as of March 31.