Automotive Mini LED adds momentum, and Macroblock’s operations are expected to gradually heat up this year

The accumulation of LED driver chip manufacturers is due to supply chain inventories gradually approaching normal. In addition, the European, American and mainland Chinese markets have also partially recovered. The pressure on product price reduction has been slightly eased. The market is optimistic. Operations are expected to gradually recover from June. The worst situation is over. They will strive to perform in the traditional peak season in the second half of the year.

The trend of introducing Mini LED backlight products into new energy vehicles is clear. Macroblock has also entered many car manufacturers in mainland China, with a stable number of cases. This year’s revenue share is expected to increase from 2-3% last year to 5%, and it will also become one of the medium and long-term growth drivers.

In addition, in terms of cooperation with Elan, a major touch chip manufacturer, we are also continuing to develop new products, including introducing them into notebooks, automotive and other markets, and will gradually ferment and increase momentum in the future.

In addition, Juju held a shareholders' meeting on the 13th. During the meeting, private placement cases were approved, with a limit of no more than 4,000 shares. The purpose was mainly to find strategic investors who would help improve the company's production and R&D technology, and expand new products and markets, hoping to enhance long-term development and competitiveness. It is understood that the company is evaluating several possible targets, pending subsequent results. (Source: MoneyDJ)