Royole Corporation

I'll research Royole Corporation to verify its profile.

Overview. Royole Corporation (also styled Royole Technologies; Chinese operating entity Shenzhen Royole Technology Co., Ltd.) was founded in 2012 by Bill Liu Zihong, a Stanford PhD, and was headquartered in the Longgang District of Shenzhen, Guangdong, China, with additional operations in Fremont, California and Hong Kong (China Daily; PitchBook). It was a privately held venture-backed company that never completed a public listing — it withdrew its STAR Market IPO application in February 2021. Reports place its peak valuation around US$6 billion (~2020) after roughly 12 financing rounds; a specific employee count was not verified in public sources.

Products / operations. Royole developed and manufactured flexible displays and flexible sensors. It built a reportedly ~US$1.7 billion "Quasi-6-Gen" flexible AMOLED production campus in Shenzhen, producing thin, fully flexible OLED panels (marketed as "Cicada Wing") (OLED-Info). Product lines included the FlexPai, launched in 2018 as the first commercially released foldable smartphone, the Royole Moon VR headset, smart writing pads, curved automotive dashboards, and flexible electronics for smart-home and wearable applications, alongside B2B display supply.

Patent-litigation posture. Operating company defending against an NPE. The tracked data shows 0 plaintiff cases and 1 defendant case. The sole matter is Cedar Lane Technologies Inc. v. Royole Corporation (D. Del., filed 2020-07-15), in which Royole was the defendant. Cedar Lane is a Canada-based entity consistently characterized as a non-practicing entity/patent assertion entity that asserts acquired patents, including portfolios traced to Intellectual Ventures (Unified Patents; Stanford NPE database). The venue was the District of Delaware, not the Eastern District of Texas.

Notable context. The single tracked case is a 2020 NPE suit filed while Royole was still commercially active. Royole subsequently struggled to win large panel customers, and in November 2023 the Shenzhen Intermediate People's Court declared it bankrupt. A December 2024 auction of its Shenzhen properties and equipment drew no bidders, and its production equipment was reported sold to HKC (Yicai Global; SCMP). The company is effectively defunct.