BOE released its financial report at the end of last month and revealed some actions in MOLED. It also plans to invest in the construction of the 6th generation new semiconductor display device production line project using LTPO technology in the Beijing Economic and Technological Development Zone. The total investment is about 29 billion yuan.
BOE A released a record form of investor relations activities on Monday. The company was surveyed by 243 institutions on November 6, 2022. The types of institutions are QFII, insurance companies, others, fund companies, overseas institutions, securities companies, and sunshine private equity institutions, some of which are of interest to everyone.
BOE said that the company has carried out a long-term comprehensive technology and product R&D layout around Micro LED, including Micro LED chips, pixel devices, micro-display screens, and mass transfer. Among them, Micro LED chip products have passed the verification of many leading companies in terms of wavelength uniformity, performance, yield, etc., and have been continuously supplied in small batches.
It is said that BOE's Micro LED pixel devices have been lit up on the screen in the past October and are expected to be mass-produced next year; the micro-display screen used for AR near-eye display adopts the current industry's more advanced wafer integration process, At present, the dynamic picture display of the sample screen has also been realized. The company's massive transfer technology has been jointly developed with equipment manufacturers, and the yield has continued to improve and progress has been smooth.
BOE currently has the world's highest LCD panel production capacity and has a deep layout in the direction of Mini LED and Micro LED technology.
A few days ago, BOE A and Huacan Optoelectronics both announced that the former intends to become the latter's new controlling shareholder by participating in the latter's fixed increase, supplemented by the latter's entrustment of a major shareholder's voting rights, and BOE can also spend nearly 21 100 million yuan to obtain a 23.08% stake in Huacan Optoelectronics.
HC Semitek, which BOE intends to hold, plans to use the funds raised this time for the Micro LED wafer manufacturing and packaging and testing base projects (total investment of 2 billion yuan, planned to be invested in raised funds of 1.75 billion yuan), and to supplement working capital.
BOE stated that the holding of Huacan Optoelectronics (300323.SZ) will make up for the shortcomings of key technologies in the MLED business and accelerate the layout of the entire MLED industry chain.
It is understood that MLED (collectively referred to as Mini / Micro LED) is a new display technology that has attracted much attention in the industry. In recent years, it has developed strongly in the fields of backlight and outdoor large-scale display. From the perspective of the MLED industry as a whole, the three core technologies are Mini/MicroLED epitaxy/chip technology, active drive backplane technology, and high-speed/mass transfer technology, which play a decisive role in key process optimization and product development iteration, mastering the three cores Technology is crucial for industry enterprises to establish technological barriers to competition.
TrendForce predicts that the market size of Mini LED direct display will be about 48 billion yuan in 2022, and the market size is expected to reach 188.6 billion yuan by 2030, with a compound growth rate of 18%; the compound annual growth rate of MLED backlight applications is as high as 42%, and the market size in 2030 It is expected to reach 121.8 billion yuan.
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