It is not too much to say that Guoxing optoelectronics leads the miniled packaging.
On the one hand, the company’s solid R & D and manufacturing foundation has applied for dozens of miniled related patents, covering display and backlight; On the other hand, dare to invest in real gold and silver. At the beginning of 2019, a plan of RMB 1 billion to expand the production of a new generation of LED packaging devices and supporting epitaxial chips was set, and the results were good.
According to the survey data of high tech new display, Guoxing optoelectronics ranks in the forefront of the LED packaging industry in the field of mini / micro led.
However, this is not just to quickly occupy the mini / microled highland. Every investment of Guoxing optoelectronics is based on sufficient market research and customer needs. It is very cautious while daring to invest in the next generation technology.
With the full implementation of the first phase of the 1 billion yuan production expansion plan, Guoxing optoelectronics made another move based on the rapid development of the small spacing and miniled market. Today (August 7), Guoxing optoelectronics announced that the company plans to invest no more than 1.9 billion yuan to build Guoxing optoelectronics Geely Industrial Park project.
Guoxing optoelectronics pointed out that this investment is based on continuously strengthening its brand and technology leadership in the field of LED display, continuously improving the company’s comprehensive volume and competitive strength, combined with its own strategic development plan, and under the background that the site resources of the headquarters have been fully utilized.
The investment capital of Geely Industrial Park project in the next five years will not exceed 1.9 billion yuan, which is mainly used to build R & D and production sites, advanced LED packaging and application production lines, focus on the production of RGB small spacing, miniled, TOPLED and other products, and mainly used in ultra-high definition and new intelligent display, intelligent lamp, smart home, UV sterilization and other fields.
The announcement shows that the site infrastructure construction of Geely Industrial Park project is completed in the first to third years, and the equipment is put into operation and production from the second to fifth years. The equipment investment progress is generally adjusted according to the market demand.
Guoxing optoelectronics said that the company’s investment and production expansion is based on the rapid iterative development of the LED industry, especially the market and technology in the industry segments where the company is located, and there is a good growth expectation. It is necessary for the company to continue to increase the layout of production capacity of miniled, small spacing, TOPLED and other products.
According to the survey data of LED Research Institute of advanced industry research (GGII), the market scale of China’s small spacing LED display screen was 13.5 billion yuan in 2019, which is expected to increase by 41% to 19 billion yuan year-on-year in 2020, and the penetration rate in the commercial display field will be further improved.
On the basis of 215% year-on-year growth in 2019, the market scale of miniled is expected to increase by 140% year-on-year to RMB 3.78 billion by 2020. With the continuous improvement of penetration and the accession of BOE and other panel factories, the market scale is very considerable.
Guoxing optoelectronics believes that with the gradual introduction and acceleration of miniled into industrial applications in recent years, it has broad market prospects in high-order display applications in the next two or three years. The company needs to speed up the pace of scale and new product expansion to cope with the market competition of the industry.
Previously, in April, Guoxing optoelectronics announced that the company planned to bid for the use right of about 82 mu of industrial land located in Nanzhuang Town, Chancheng District, Foshan City with its own funds of no more than 70 million yuan. Among them, the company has completed the ownership registration formalities of about 60 mu of land use right with a service life of 50 years.
In today’s announcement, Guoxing optoelectronics also revealed that Geely Industrial Park project plans to build a new production base in Foshan, which will effectively alleviate the bottleneck of site resources faced by the company’s development and promote the sustainable development of the company.
Gaogong new display learned that Guoxing optoelectronics realized the batch supply of miniled earlier. In terms of miniled display, the company has launched imd-m05, imd-m07, imd-m09, imd-f12, imd-f15 and other products to continuously supply LED display enterprises such as Zhouming technology.
In terms of miniled backlight, the company has three miniled backlight technology products: minismd, minicob and minicog, and has in-depth cooperation with TCL Huaxing and other panel factories.
In mid July, Guoxing optoelectronics also realized the successful lighting of the minicog display module using new chip transfer patch and packaging technology. According to Guoxing optoelectronics, the scheme is to directly mount the chip on the glass substrate, which has the advantages of good heat dissipation, excellent cost and high brightness, and solves the problem of frequent quality damage in the manufacturing process of minicog.
In addition, in terms of microled, NSTAR I 2.7-inch display module, the first generation of microled of Guoxing optoelectronics, was also launched in June this year, which is expected to be applied in automobile head up display, commercial window display and other scenes.
After the new Geely Industrial Park project investment, Guoxing optoelectronics said that it will help to improve the company’s response speed to market demand, further consolidate the company’s dominant position and leading role in the display device packaging industry, and enhance its comprehensive competitiveness and international influence.