Innolux‘s Optimistic Outlook on Micro LED Technology
At a press conference held at Touch Taiwan on August 24, Yang Zhuxiang, General Manager of Innolux, shared his positive outlook on the sustained demand for large-size panels. He noted that the first wave of growth has firmly established itself, and he expects further expansion. Citing the positive market conditions for automotive displays and the anticipated increase in AI laptop shipments, Yang predicted a recovery starting in the first quarter, with steady growth continuing throughout the year.
Adoption of Color Conversion Micro LED Technology
Discussing the current state of Micro LED technology, Innolux highlighted that while chip costs are decreasing in line with Moore’s Law, the expenses related to RGB mass transfer and maintenance remain high. To address this, Innolux is adopting color conversion technology, which simplifies the mass transfer and maintenance processes by converting three colors into a single color. This approach improves uniformity, reduces costs, and enhances yield rates, offering a competitive advantage.
Micro LED Technology in Automotive and TV Panels
Yang Zhuxiang pointed out that Innolux’s Micro LED technology is already being integrated into automotive and large-size TV panels, with ongoing discussions regarding mass production plans. The company expects shipments of its color conversion Micro LED technology to begin after 2025, while RGB technology, especially for automotive applications, may require an additional two to three years due to extended development timelines.
Future Growth in the CarUX Business
Looking ahead, Innolux Chairman Hong Jinyang expects stable growth in the CarUX business, forecasting double-digit increases in both revenue and profitability. Despite last year’s revenue of approximately $1.26 billion, Hong noted that the long order cycle means quarterly or monthly revenues do not fully reflect future performance. Orders for 2027 and 2028 are already visible, with an expanding client base that includes high-end European electric vehicle brands.
Impact of Apple’s Decision on Micro LED Technology
Addressing Apple’s decision to pause its Micro LED development, Hong acknowledged the skepticism surrounding the technology’s viability. However, he emphasized that Innolux’s focus on color conversion provides a cost-effective and high-yield solution. Apple’s decision could positively impact the broader Micro LED industry by encouraging other manufacturers to explore the technology, and Innolux has observed increased engagement from other companies as a result.
Strategic Production Planning for Future Growth
In terms of production planning, Innolux intends to enhance efficiency and invest in automation equipment, adjusting production capacities based on market demand. The Nanjing plant’s capacity will be reallocated for transformation, though not necessarily for panel production. Hong stressed the importance of optimizing the company’s existing assets and technological strengths to realign the entire supply and value chain and maximize value.
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