Hot topics of the week: Review of the latest news from major players such as Zhaochi and Foshan Lighting

+This week, the LED industry is very lively, and companies continue to accelerate the development of emerging LED fields.

+Zhaochi has signed a contract for 1,100 COB production lines; Micro+LED manufacturer Maiyu Display has completed tens of millions of financing; Foshan Lighting plans to raise 1.095 billion yuan to increase its investment in lighting market segments; Samsung, Changhong, ROG, etc. have released and launched a variety of new Mini LED products; about three other LED-related companies have announced their 2022 results, with the highest net profit increasing by 102.4%.

+[Selected Events]

+★Zhaochi signed a contract with Nanchang for 1,100 COB production lines

+On March 17, Zhaochi Crystal Display officially signed a contract with Nanchang for 1,100 COB production lines. Adding to the 600 COB production lines previously expanded at the Nanchang base, Zhaochi Crystal Display has completed its plan to expand 1,600 production lines in the first quarter of this year. In the future, Zhaochi Crystal Display will build 5,000+ COB production lines, aiming to build the world's largest COB panel factory in Nanchang.

+★Micro+LED display technology manufacturer Maiyu Display received tens of millions of yuan in financing

According to news on March 14, Micro LED display technology manufacturer Maiyu Display completed tens of millions of yuan in Pre-A round financing. It is understood that Maiyu Display was founded in 2021. It is understood that Maiyu Display has overcome the key bottlenecks in Micro LED mass transfer technology and mass production, and will be the first to realize the mass production of Micro LED products, and has reached strategic cooperation with leading customers in the industry.

★Foshan Lighting plans to raise 1.095 billion yuan to invest in lighting projects such as car light modules

On March 15, Foshan Lighting released a private placement plan, planning to raise no more than 1.095 billion yuan in additional capital, which will be invested in Foshan Lighting Automation Transformation and Digital Transformation Construction Project, Foshan Lighting Hainan Industrial Park Phase I, Smart Street Light Construction Project, Car Light Module Production and Construction Project, and R&D Center Construction Project.

★Chitron Northern IPO terminated

On March 14, the Shanghai Stock Exchange announced its decision to terminate the review of Chitron Northern’s initial public offering of shares and listing on the Science and Technology Innovation Board. Chipone North originally planned to raise 6.01 billion yuan to invest in eight major R&D and industrialization projects, including small-pitch LED display driver display chip projects.

[New Products and New Technologies]

★Changhong released China’s first 8K high-brush MiniLED TV

On March 10, Changhong released China’s first 8K high-brush MiniLED TV Q9K Max, priced at 19,997 yuan. Changhong Q9K Max is equipped with a new MiniLED backlight system, supporting full 8K 120Hz display, supplemented by 8K MEMC motion compensation technology, making the picture smooth and free of lags.

★Samsung G70NC gaming monitor is now on the shelves, equipped with a 43-inch MiniLED screen

According to news on March 11, Samsung’s new G70NC monitor is now on the shelves, starting at 7,999 yuan. This monitor uses a 43-inch VA direct screen panel, 3840X2160 resolution, 144Hz refresh rate, 95% DCI-P3 color gamut, uses quantum dot MiniLED technology, has a typical brightness of 400 nits, and a static contrast ratio of 1 million:1.

★Titanium 31.5-inch MiniLED display M32AQH-ST released

According to news on March 14, Titanium released a new 31.5-inch monitor product with model number M32AQH-ST. The display is equipped with a 31.5-inch 2K 165Hz MiniLED screen (Huaxing HVA screen), has 576 partition backlight, supports HDR 1400, 2ms delay, 97% DCI-P3 color gamut, and 10bits color depth. Product price and launch time have not yet been announced.

★ Equipped with MiniLED screen, ROG’s new Magic 16 flip notebook is officially on sale

On March 14, ROG’s new Magic 16 flip notebook was officially put on sale, equipped with a 1024 MiniLED backlight partition screen, standard i9-13900H processor, optional RTX 4060 and RTX 4070 independent graphics, and the initial price is 13,499 yuan and 15,999 yuan respectively.

★Samsung’s new QLED TV is now available in the European market, starting at 8,813 yuan

According to news on March 15, Samsung Q80C 4K QLED TV is officially launched in the European market. It is available in five sizes of 50 inches, 55 inches, 65 inches, 75 inches and 85 inches, with a starting price of 1,199 euros (approximately 8,813 yuan).

★Hon Hai, Yangming Jiaotong University and others develop high color purity InGaN red Micro LED

According to news on March 14, Hon Hai Research Institute, Yangming Jiaotong University and others jointly developed a new type of high color purity indium gallium nitride (InGaN)-based red Micro LED, and successfully introduced an asymmetric dispersed Bragg reflector (DBR) on the top of the element, effectively alleviating the wavelength shift problem caused by the QCSE phenomenon.

[LED Performance]

About three LED-related companies announced their 2022 full-year results this week. Among them, TCL Electronics and Debang Lighting achieved net profit growth, and Shenzhen Tianma turned losses into profits.