According to incomplete statistics, in 2020, about 43 billion yuan will be invested in mini / microled and other fields. The proportion of upstream LED industry chain will exceed 40%, that of midstream LED industry chain will exceed 20%, and that of downstream LED industry chain will exceed 20%. The proportion of panel manufacturers, TV and consumer electronics brand manufacturers will be less than 10%. The total investment of LED industry chain enterprises is about 39 billion yuan.
On the whole, all links of the LED industry chain maintain a good state of mutual cooperation in the field of mini / microled, and also have close cooperation with panel manufacturers and TV manufacturers. Dr. Zhang Xiaofei, chairman of high tech led, pointed out that the capital activity of mini / microled is very strong in 2020, and the investment is expected to be greater in 2021, mainly concentrated in the middle and lower reaches.
The specific investment situation is as follows:
Upstream of LED industry chain
On April 3, 2020, Huacan optoelectronics issued a plan for non-public offering of shares. The company plans to raise 1.5 billion yuan, including 1.2 billion yuan for R & D and manufacturing of mini / microled and 300 million yuan for R & D and manufacturing of GaN based power electronic devices. In December, Huacan optoelectronics completed the listing and issuance of the above-mentioned new shares.
According to media reports, in April, the Taiwan Investment Office approved the investment plan for Jingdian to return to Taiwan. Jingdian plans to invest NT $5.4 billion (about RMB 1.251 billion) to build most of the miniled production capacity in Taiwan, and the mainland factory also plans a small amount of production capacity in response to customer demand.
According to Taiwan media reports, it is estimated that 80% of Jingdian’s production lines will produce minileds by the first quarter of 2021.
On May 23, jucan optoelectronics issued a plan for non-public offering of shares. The company plans to raise 1 billion yuan for high luminous efficiency LED chip expansion and upgrading project and supplement working capital, involving the production of mini / microled, high-power LED and other chips. In October, the fund-raising application was approved by the CSRC.
On September 4, jucan optoelectronics announced that the company signed the investment contract for industrial projects in Suqian Economic and Technological Development Zone with the Management Committee of Suqian Economic and Technological Development Zone, with a total investment of 3.5 billion yuan to implement jucan optoelectronics expansion project. The main products include Mini / microled Gan and GaAs chips.
On June 8, San’an optoelectronics announced that its wholly-owned subsidiary San’an semiconductor and TCL Huaxing signed the “joint development agreement” and “shareholders agreement”. The two sides will jointly invest in the establishment of a joint R & D laboratory, with a R & D capital of 300 million yuan, 45% of which is invested by Sanan semiconductor.
At the same time, on June 29, San’an optoelectronics announced that the company’s non-public offering of shares raised 7 billion yuan to complete the issue, which was subscribed by leading high core and Gree Electric. This fund is used for Semiconductor R & D and industrialization project (phase I), including mini / microled chip production.
Dry illumination photoelectricity
On June 12, the construction of Semiconductor R & D and production projects such as dry photo VCSEL and high-end LED chips officially started. The total investment of the project is about 1.597 billion yuan, including the production of mini / microled and other chip products.
Then, on November 18, Qianzhao optoelectronics announced that it would issue A-share shares to specific objects to raise no more than 1.5 billion yuan in total, which would be used for research and development and manufacturing projects of mini / microled and high luminous efficiency LED chips, and to supplement 350 million yuan in working capital. Among them, the R & D and manufacturing projects of mini / microled and high luminous efficiency LED chips are expected to increase the production capacity of miniledblu, miniledgb, microled chips and high luminous efficiency LED chips with an annual output of 6.36 million.
The company plans to raise $50 million (about 325 million yuan) to build a second production line of microled epitaxial wafers and chips, according to Charles Li, chief executive of the company, Taiwan media reported.
Mid stream of LED industry chain
In March, Dongbei passed the investment plan to return to Taiwan. It will invest NT $1.9 billion (about RMB 440 million) to build six intelligent production lines in Wugu industrial zone of Xinbei City, and create 100% of miniled and microled products made in Taiwan.
On April 9, on the basis of the completion of the first phase 500 million yuan investment of the new generation led packaging device and chip expansion project, Guoxing optoelectronics announced to continue to implement the second phase 500 million yuan investment.
On August 7, Guoxing optoelectronics issued another investment announcement, saying that it will invest no more than 1.9 billion yuan in the construction of Guoxing optoelectronics Geely Industrial Park in the next five years, mainly for the construction of R & D and production sites, advanced LED packaging and application production lines, focusing on the production of RGB small spacing, miniled, TOPLED and other products.
According to Taiwan media reports, Yiguang director Liu Bangyan disclosed that Yiguang is expected to expand its production by 180kk in 2020, including about 100KK for miniled invisible light products. The initial planned capital expenditure of this expansion is less than NT $1 billion (about RMB 232 million).
On May 16, Ruifeng optoelectronics issued a plan for non-public offering of shares. The company plans to raise 699 million yuan, of which about 471 million yuan will be invested in mini / microled. In December, the fund-raising application was approved by the CSRC.
On June 17, Hongli Zhihui signed a “cooperation agreement” with the people’s Government of Huadu District of Guangzhou city. It plans to invest in the construction of Hongli photoelectric LED new backlight display project in Huadu District. The main investment contents include miniled backlight and display, microled, etc. The project is divided into two phases, with an investment of about 150 million yuan in the first phase, which is implemented by Hongli display.
In December, on the basis of the first phase project being put into operation, Hongli display announced that it will invest in the second phase project, with an investment scale of about 2 billion yuan. It is estimated that the annual output value will be about 4 billion yuan after the project is fully completed.
On June 30, zhaochi announced that its holding subsidiary zhaochi Guangyuan will add 2000 LED packaging production lines and corresponding process equipment in Nanchang production base to further expand the packaging scale. The total investment of this expansion is 2 billion yuan, involving small space RGB and miniled.
On August 24, MuLinSen announced that MuLinSen industry, a wholly-owned subsidiary of the company, signed a project investment agreement with Shenzhen Yuanxin Guanglu Technology Co., Ltd. in Ji’an, Jiangxi Province, and decided to cooperate in the R & D and production project of miniled backlight and display module. The project plans to set up a new company with a registered capital of 200 million yuan in Ji’an, which is committed to providing ultra small spacing (p1.0-p0.25) ultra high definition splicing miniled direct display module and flexible transparent miniled display.
According to sun Qinghuan, chairman of Mulin Sen, in an interview with the media, Mulin Sen will invest 3 billion yuan in R & D of miniled related products and supporting fields in the next three years. Hi tech new display understands that in the fields including miniled, UVLED and intelligent lighting, MuLinSen has cooperated with Xiaomi, and Hubei Xiaomi Changjiang Industrial Fund partnership (limited partnership) plans to subscribe for MuLinSen’s non-public shares with about 500 million yuan.
In November, Longli technology completed the listing and issuance of convertible corporate bonds to non-specific objects. Longli technology plans to raise about 325 million yuan, including 182 million yuan for the new mini LED display module project and 142 million yuan for the LED backlight display module expansion project.
Downstream of LED industry chain
On March 26, Riad announced that the company has completed the industrial and commercial registration of the joint venture company with a registered capital of 300 million yuan with Jingdian on the cooperation of miniled and microled display projects. The total cumulative investment of the project is no less than 1 billion yuan, of which the amount of foreign investment in the past three years is no less than 8 million US dollars (about 51.9048 million yuan).
On December 3, Riad announced that it would raise about 1.518 billion yuan from the company’s shares to be used for intelligent display R & D project, Riad audio and video conference professional service project, LED application industry south headquarters project, etc.
Among them, the total investment of intelligent display R & D project and Riad audio and video conference professional service project is 800 million yuan, including the development of microled display technology and the application of microled technology in all-in-one conference machine.
On April 25, Zhouming technology released a plan for non-public offering of shares. The company plans to raise 885 million yuan for Daya Bay LED display intelligent production line construction project, information platform construction project and supplementary working capital. Among them, Daya Bay LED display intelligent production line construction project will produce small spacing LED display, mini LED display, etc. In November, the application for raising funds by issuing shares was approved by the CSRC.
On April 25, Lehman optoelectronics issued a plan for non-public offering of shares. The company plans to raise no more than 380 million yuan for cob ultra small space LED display panel project and supplement working capital.
On June 5, alto Electronics announced that the company’s application for non-public offering of shares was approved by the CSRC. In addition, according to the recent announcement of Alto electronics, the new shares will be listed on January 22, 2021.
Alto electronics plans to raise about 205 million yuan to invest in the construction of smart network intelligent integration capacity enhancement project, miniled intelligent manufacturing base construction project, smart lamp pole system research and development project and supplement working capital.
On September 3, Shende color miniled intelligent screen project signed a contract and settled in Chuzhou Zhongxin Suchu high tech Industrial Development Zone, Anhui Province. The total investment of the project is 1 billion yuan, which will fill the blank of Chuzhou miniled new intelligent display industry.
Shanghai Xianyao Display Technology Co., Ltd
On October 9, Peking University Bluebird hybrid IC micro display R & D and manufacturing project signed a contract with Hefei. The total investment of the project is 5 billion yuan. The investor is Shanghai Xianyao Display Technology Co., Ltd. (a subsidiary of Hong Kong Beida Qingniao display Co., Ltd.), which plans to use microled technology and compound semiconductor wafer level hybrid integration technology to produce micro display products.
LED industry chain supporting
According to Chinese Taiwan media reports, whittle passed the investment plan in Taiwan in July. The company will invest NT $5.2 billion (about RMB 1.205 billion) to build factories, expand production capacity and seize the business opportunities of miniled. Another source said that Whitt is Apple’s exclusive supplier of miniled spot testing and sorting equipment.
Precise measurement of electron
On October 13, the company released the “plan for issuing A-shares to specific targets”, and the company plans to issue no more than 74004912 shares to raise 1.494 billion yuan. The R & D and industrialization project of microled display full process detection equipment is planned to raise about 303 million yuan, with a total investment of 365 million yuan.
Panel manufacturers and TV, consumer electronics brand manufacturers
According to Chinese Taiwan media reports, Apple will build miniled and microled manufacturing plants in Taiwan, and cooperate with Crystal Electronics and Youda. The total investment of the project is NT $10 billion (about RMB 2.317 billion), with initial investment of several billion.
On August 26, Chengdu electronic information industry chain modernization major projects were signed in Beijing, with a total investment of 25.4 billion yuan. Among them, vicino will invest about 1.2 billion yuan in the construction of microled display device and module test line and pilot line, and carry out R & D and production work around massive transfer, drive and detection, chip design, colorization and other key technologies. It is expected to start the construction of mass production line in 2023.
In September, 11 projects with a total investment of 20.6 billion yuan were signed and settled in Xiamen Torch hi tech Zone, among which TCL Huaxing microled R & D center project was one of them. In June, TCL Huaxing reached a cooperation with Sanan semiconductor on microled, and the two sides planned to set up a joint laboratory with a R & D capital of 300 million yuan
Editor in charge: Tzh